Cotton futures experienced losses of 2 to 5 points across most contracts as the market wrapped up the year in 2025. Crude oil futures also saw a decline of 54 cents per barrel, closing at $57.41. The US dollar index, on the other hand, was up $0.040 at $97.995. It’s important to note that futures will be closed on Thursday in observance of New Year’s Day.
The Commodity Futures Trading Commission (CFTC) released an updated Commitment of Traders report, revealing that managed money reduced their net short positions by 4,387 contracts as of December 23, bringing the total to 50,446 contracts.
Export Sales data released earlier in the day showed that 182,680 RB of cotton were sold in the week ending on December 18, a decrease from the previous week’s marketing year high. Shipments, however, reached 146,915 RB during that same week, marking an 8-week high.
The Seam’s online auction reported sales of 14,459 bales on December 30 at an average price of 60.13 cents/lb. Additionally, the Cotlook A Index dropped 20 points on Tuesday, settling at 74.30 cents. ICE certified cotton stocks also decreased by 90 bales on December 30, with certified stocks at 11,510 bales. The Adjusted World Price was updated to 50.02 cents/lb, a modest increase of 3 points from the previous week.
Closing prices for cotton futures on December 30 were as follows:
– Mar 26 Cotton closed at 64.27, down 5 points
– May 26 Cotton closed at 65.6, down 4 points
– Jul 26 Cotton closed at 66.83, down 2 points
Please note that as of the publication date, Austin Schroeder did not hold any positions in the securities mentioned in this article. All information provided is for informational purposes only. This article was originally published on Barchart.com.
