Cotton Eases Lower into Labor Day Weekend

Cotton prices experienced a decline over the Labor Day weekend, with front month futures losing 12 to 94 points and deferreds up 2 to 68 points. The weekly drop in December cotton reached 505 points. Crude oil saw a minor downturn of 8 cents per barrel, while the US dollar index rose by $0.240. The market would be closed on Monday in honor of Labor Day.

According to CFTC data, managed money positions in cotton futures and options neared a record net long, increasing by 12,135 contracts to 107,976 contracts as of Tuesday. Coffee prices stabilized above Thursday's lows. Upland cotton export sales for 2026/27 are at 4.36 million RB, a 19% increase from the previous week and 38% of the USDA export projection, which falls short of the 5-year average by 45%.

The Cotlook A index fell 250 points to 98.25 on Thursday. ICE certified cotton stocks remained stable on September 3, with a level of 63,092 bales. The Adjusted World Price for cotton was raised by 240 points to 73.92 cents/lb. The article did not disclose any personal positions held by Austin Schroeder. All information presented is for informational use only.