Cotton futures closed out the Friday session with contracts up 40 to 55 points on the day, with the December contract 44 points higher for the week, settling at $0.98310.
Early on Friday morning, President Trump expressed optimism about the upcoming leaders’ meeting with China, stating, “I think we’ll be fine with China.” He also noted that the 100% tariffs on China are not sustainable.
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In recent market activity, Thursday’s online auction from The Seam showed just 155 bales sold, with an average price of 63.01 cents per pound.
The Cotlook A Index was up 25 points on October 16, reaching 75.10 cents.
ICE certified cotton stocks remained steady as of October 16, with the certified stock level at 16,751 bales.
Please note, the Adjusted World Price (AWP) is still not being reported due to the ongoing government shutdown.
Looking at specific contract closes:
– December 2025 Cotton closed at 64.28 cents, up 55 points
– March 2026 Cotton closed at 65.78 cents, up 49 points
– May 2026 Cotton closed at 66.97 cents, up 47 points
On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data provided are solely for informational purposes.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
https://www.nasdaq.com/articles/cotton-bulls-head-weekend-green