US cotton futures settled marginally higher on Thursday, with March 2027 contracts up 0.15% at 82.51 cents per pound on recent strong export sales. A stronger dollar, weaker Chicago grains and harvest pressure capped gains.
USDA cut its US cotton output estimate to 13.18 million bales, and ICE-certified stocks rose to 76,570 bales.
A smaller US cotton crop reduces cottonseed supply, which tightens the availability of cottonseed meal and whole cottonseed used in livestock rations. The effect is modest, and the firmer dollar limits price gains.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.