ICE cotton futures edge lower on Friday, lead contract down 11–40 points
AI Market Summary
ICE cotton futures are lower as export data highlights weak execution: old-crop commitments are 102% of USDA projections, but shipments are only 88% and trailing last year's pace. This gap implies demand is not translating into physical flow, pressuring near-term pricing. A modestly firmer USD adds a slight headwind, while higher crude offers limited offset. Certified stocks were unchanged, keeping attention on export follow-through.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT-0.00%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▼ Bearish
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ICE cotton futures were lower during Friday’s session, with most contracts down 11 to 40 points. As of July 9, old-crop U.S. cotton export commitments reached 11.951 million RB (102% of the USDA export projection), while shipments totaled 10.398 million RB (88%) and trailed last year’s 93% pace. New-crop commitments stood at 2.51 million RB. The U.S. dollar index was up 0.016.
