The most lively March 2026 cotton futures contract settled at 63.94 cents per pound, up 0.11 cents. The contract had fallen by 14 factors on Friday. Other contracts gained between 10 and 16 factors.
ICE cotton futures closed modestly larger, supported by a weaker US dollar, a rebound in US equities and recent speculative buying.
The March 2026 contract settled at 63.94 cents per pound.
CFTC information confirmed diminished web brief positions, signalling easing bearish sentiment, as export gross sales and shipments remained regular amid blended broader commodity cues.
The US Dollar Index fell round 0.2 per cent, hovering close to a three-month low, which improved the competitiveness of US cotton for abroad patrons.
Total buying and selling quantity stood at 28,223 contracts, down from 30,527 cleared on Friday. Average day by day quantity final week was 34,279 contracts, indicating comparatively lighter participation.
Market members mentioned cotton seems to have shaped a short-term low final week and is at present buying and selling inside an outlined vary.
Market analysts famous that speculative buying emerged after final week’s lows, including {that a} stronger inventory market and a weaker dollar may proceed to support costs. US equities rebounded, though sentiment remained cautious amid issues over AI-related investments and upcoming macroeconomic information gaps.
CFTC information for the week ended November 18 confirmed speculators diminished web brief positions by 4,183 contracts to 71,478 contracts. The discount in web shorts alerts easing bearish bets and a shift in direction of cautious optimism in market sentiment.
USDA weekly export gross sales for the week ended November 20 totalled 157,700 bales (154,600 upland and three,100 Pima), together with 3,100 bales for the 2026–27 season. Shipments reached 127,500 bales, comprising 120,800 bales of upland and 6,700 bales of Pima cotton.
In the broader agricultural advanced, CBOT soybean futures hit a seven-week low as merchants unwound positions amid issues over the tempo of US exports. Expectations of a bumper soybean harvest in Brazil and broad agricultural market promoting weighed on sentiment. Grains remained weak total, whereas metals confirmed power, reflecting blended cross-commodity alerts.
This morning (Indian Standard Time), ICE cotton for March 2026 was buying and selling at 63.90 cents per pound (down 0.04 cent), money cotton at 61.69 cents (up 0.11 cent), the May 2026 contract at 65.04 cents (down 0.02 cent), the July 2026 contract at 66.11 cents (up 0.01 cent), the October 2026 contract at 66.65 cents (up 0.10 cent) and the December 2026 contract at 67.70 cents (up 0.01 cent). A couple of contracts remained at their earlier closing ranges, with no buying and selling recorded to this point at this time.
Fibre2Fashion News Desk (KUL)