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Cotton Back to Higher Trade on Friday
Yahoo Finance· 2026-02-27 18:25
Group 1 - Cotton futures are experiencing gains of 30 to 40 points, while March contracts are down 81 points [1] - Crude oil futures have increased by $1.58 per barrel, reaching $66.80 [1] - The US dollar index has decreased by $0.135, now at 97.605 [1] Group 2 - Export Sales data indicates 8.75 million RB in cotton export commitments, which is a 9% decrease from last year, representing 78% of USDA's full marketing year export projection, lagging behind the 91% average sales pace [1] - The Seam reported sales of 6,467 bales sold on February 26, averaging 59.09 cents per pound [2] - The Cotlook A Index increased by 60 points to 76.45 cents [2] Group 3 - ICE certified cotton stocks remained steady at 119,457 bales as of February 26 [2] - The Adjusted World Price was raised by 1.79 cents to 51.84 cents per pound [2] - March 26 Cotton is at 63.36, down 81 points; May 26 Cotton is at 65.75, up 39 points; July 26 Cotton is at 67.45, up 38 points [2]