Cotton Futures Surge, Export Sales Lag
Update: 2025-12-24
Description
Cotton futures surge, with March, May, and July contracts up 17, 25, and 24 points respectively. Crude oil also rises by 15 cents. However, export sales are down 14% from last year and only 54% of the USDA projection. Managed money adds 180 contracts to their net short position in cotton futures and options. The December 23rd online auction from The Seam moves 24,874 bales at an average of 59 cents and 80 points per pound. Markets close early for Christmas and New Years, so monitor how these gains hold up when trading resumes.
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