Cotton futures rally up to 245 points on Tuesday

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Cotton futures extended their rally on Tuesday, rising 138 to 245 points. December 2026 cotton led the gains, up 245 points to 80.75 cents per pound. The US cotton crop condition declined, with 46% rated good to excellent, down 2 percentage points from the prior week. Managed money trimmed its net long position in cotton futures and options by 6,460 contracts to 31,985 contracts as of June 30. The Cotlook A Index held steady at 85.80 cents, while ICE certified cotton stocks remained unchanged at 185,034 bales.

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US cotton crop condition declined, with good-to-excellent rating down 2 percentage points to 46%, indicating tighter supply.