Cotton futures trade 20–30 points higher as July holds steady at midday
AI Market Summary
Cotton futures are firmer as ICE certified stocks fell to ~185k bales and managed money increased net longs to 38,445 contracts, reinforcing tightening availability signals. The Cotlook A Index's rise adds to supportive spot-market context. Focus now shifts to the USDA June 30 acreage report, with expectations for 9.6m planted acres versus last year, which could further shape near-term supply expectations and volatility.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT+0.45%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▲ Bullish
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Cotton futures were higher at midday, with the active July contract unchanged while December gained 30 points and March added 26 points. ICE certified cotton stocks fell to 185,034 bales, and managed money lifted its net long to 38,445 contracts. The Cotlook A Index rose to 85.80 cents/lb on June 26. The market is focused on the USDA June 30 planted acreage report, with cotton area expected at 9.6 million acres, below last year and supporting near-term supply-tightening expectations.
