Cotton Fall into Friday’s Close

Group 1 - Cotton futures experienced losses, with December down 54 points this week, and the front months losing between 25 to 61 points [1] - The US dollar index increased by $0.334 to $97.305, while crude oil futures decreased by $0.93, contributing to market pressure [1] - Managed money reduced their net short positions in cotton futures and options by 9,844 contracts, bringing the total to 59,061 contracts as of September 16 [1] Group 2 - USDA reported upland cotton export business at 3.973 million RB, an 18% decrease from the previous year, representing 36% of the USDA projection and lagging behind the 52% average sales pace [2] - The Cotlook A Index fell by 45 points to 78.65 cents on September 18, while USDA's Adjusted World Price rose by 69 points to 54.79 cents per pound [3] - On September 18, ICE cotton stocks remained steady with certified stocks at 15,474 bales [3]