Cotton futures end Tuesday lower, Oct 26 settles at 79.6 cents/lb
AI Market Summary
US cotton futures fell across key contracts despite a midday bounce, signaling softer near-term sentiment. Crop progress remains slightly ahead of normal while good/excellent ratings dipped, pointing to mixed supply signals but no bullish catalyst. ICE certified stocks continued to decline via decertification, yet strength in the dollar and crude did not offset cotton's downside, reinforcing a weaker tone into the close.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT-1.20%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▼ Bearish
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U.S. cotton futures fell across the board on Tuesday, with the benchmark Oct 26 contract settling at 79.6 cents per pound, down 23 points. Dec 26 and Mar 27 finished down 64 points and 70 points, respectively. Crop Progress data showed 60% of the U.S. cotton crop had squared and 22% was setting bolls, while the good-to-excellent rating slipped to 44%. ICE certified stocks fell to 121,258 bales as the Cotlook A Index held at 90.70 cents.
