ICE No. 2 cotton settles under pressure

Nearby months fell to the downside for a second consecutive session, losing between 43 to 64 points. December ’25 futures opened at 66.63 cents/lb (+9) and gained further ground early in the session, moving to a high of 66.86 cents/lb (+32) within the first hour of the session. The lead month traded in the upper end of its range until meeting resistance just before 0600 GMT, in which, the most active contract continued to lose ground over the next several hours, falling below the 66.00-cent level and to a low of 65.80 cents/lb (-74) by 1700 GMT. December cotton moved off its low but settled in the bottom end of its range at 66.05 cents/lb (-49), marking a new life of contract low settlement.

ICE estimated volume at 43,800 contracts, higher than Friday’s 34,288. At the time cotton settled, the US dollar was trading higher, as well as corn while soybeans and wheat were trending lower.

Total open interest rose by 3,218 contracts to 248,082, moving to its highest level since April 9 (253,589). December ’25, March ’26 and May ’26 interest increased by 2,236, 906 and 320 contracts, respectively, to 157,837, 47,274 and 14,094 while July ’26 interest decreased by 253 contracts to 10,309.

Certificated stocks were last reported at 15,474 bales, unchanged and remaining at its lowest level since May 7 (14,049). There were no bales awaiting review and no bales reported in both cert stocks and CCC loan as of August 29.

Posted in: Cotlook Headlines News