ICE cotton futures slide 104–141 points on Friday morning as NOAA forecast shows scant rainfall
AI Market Summary
ICE cotton futures weakened sharply into Friday, reversing prior session strength. A firmer US dollar adds macro headwinds for dollar-priced commodities, while NOAA's outlook for minimal near-term rainfall across Texas and the US Southeast keeps drought risk elevated. Export sales improved versus the prior low, led by China and Vietnam, but demand data did not offset the near-term pressure from currency strength and broader risk positioning.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT-1.29%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▼ Bearish
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U.S. cotton futures fell sharply on Friday morning, with the front-month contract down 104–141 points. NOAA’s 7-day outlook calls for very limited precipitation across much of Texas and the U.S. Southeast over the next week, adding to drought concerns. Weekly 2025/26 export sales totaled 51,287 running bales, led by China and Vietnam, while the U.S. dollar index rose 0.311, weighing on commodities.
