ICE cotton futures jump at Monday midday, Oct26 up 86 points and Dec26 up 84
ICE cotton futures strengthened into Monday midday, supported by tighter supply expectations as Texas drought persists and NOAA forecasts limited near-term precipitation. Speculative positioning also turned more constructive, with managed money adding to net longs in the latest COT report. Offsetting macro inputs include sharply lower crude oil and a steady-to-firmer USD, while certified ICE stocks and the Cotlook A Index were unchanged, suggesting spot conditions are stable.
Affected assets
NCCOCOTTON2USD/USDT+0.82%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▲ Bullish
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ICE cotton futures rallied sharply by Monday midday, with the Oct26 and Dec26 contracts up 86 points and 84 points, respectively. Speculative net longs rose by 3,525 contracts over the week to 53,209. Drought conditions persisted across Texas’ cotton belt, while parts of Mississippi, Alabama and Georgia saw only 1–2 inches of rainfall. ICE-certified cotton stocks held at 94,235 bales and the Cotlook A Index was unchanged at 90.35 cents/lb.