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Cotton Surges as Global Demand Spins Up Profits

Cotton Surges as Global Demand Spins Up Profits

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This is your Daily Cotton Price Tracker with Vanessa Clark podcast.

Hey everyone, welcome back to Daily Cotton Price Tracker. I'm your host Vanessa Clark, and I'm so glad you're here with me on this Friday evening. Today we're diving into what's been happening in the cotton markets, and let me tell you, there's some really interesting movement to talk about.

So let's start with where we are right now on Friday, November twenty eighth. Cotton futures have been showing some solid gains today. The December twenty twenty five contract closed at sixty two point seventy seven cents per pound, up thirty four points. Meanwhile, the March twenty twenty six contract, which is our most active contract for next spring, closed at sixty four point fifty seven cents per pound, also up thirty four points. And if you're looking at May twenty twenty six, that's trading at sixty five point seventy five cents per pound, up thirty two points.

Now here's what's really interesting happening this week. On Friday morning, cotton prices started with slight gains, moving steady to about five points higher. We saw this follow some pretty strong momentum from earlier in the week when cotton futures were jumping between thirty and ninety nine points in the nearby contracts on Wednesday. The Cotlook A Index, which is a really important global cotton price indicator, was up twenty five points on Monday at seventy four point thirty five cents.

Let me give you some context on what else is influencing the market. We've got crude oil futures at fifty eight point fifty five per barrel, which does have some correlation to cotton prices. The US dollar index is at ninety nine point five twenty, and a stronger dollar can sometimes pressure cotton prices since cotton is a globally traded commodity.

One thing I wanted to highlight is the auction activity we're seeing. On November twenty five, the Seam online auction showed sixty four hundred fifty seven bales sold at an average price of fifty nine point ninety seven cents per pound. That gives us a real snapshot of what's happening in the actual cash market.

What's also worth noting is that ICE certified cotton stocks remained steady at just over twenty thousand bales. The Adjusted World Price was updated to fifty point eighty cents per pound last week, which was down from the previous week.

Interestingly, we're also seeing activity on the international stage. On the Zhengzhou Commodity Exchange in China, the January twenty twenty six cotton contract gained about twelve dollars per tonne today in daytime trading, which shows us that global demand pressures are really active right now.

So here's what I'm watching heading into next week. These gains we're seeing suggest there's some real buying interest in the market. Whether this continues will depend on factors like crude oil prices, dollar strength, and global demand signals, particularly from China as the world's largest textile producer and consumer.

Thanks so much for tuning in to Daily Cotton Price Tracker. Make sure you subscribe and tune in tomorrow for our next update on cotton prices and market movement. This is Vanessa Clark signing off. Have a great evening, and we'll catch you soon.

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