Cotton Futures Plummet on Tuesday Amid Mixed Commodity Performance

Cotton futures plummeted on Tuesday, hitting the daily limit of 4 cents in most contracts for the 2026/27 crop. The decline was widespread across other contracts as well, with losses ranging from 182 to 275 points.

The US dollar index rose by $0.214, while crude oil prices dropped by $3.66 per barrel on the same day. This mixed performance in commodities and currencies contributed to the downward pressure on cotton futures.

Meanwhile, the Weekly Crop Progress data reported that 70% of the US cotton crop had bolls opening as of Sunday. Harvest was at 17%, ahead of normal by 2 percentage points. Condition ratings for cotton improved slightly, with 35% rated good or excellent, up from last week's tally.

The Brugler500 index dipped to 294 points, a decrease of one point. The Seam reported sales of just 2,657 bales on September 28 at an average price of 83.90 cents per pound. The Cotlook A index was back down 50 points to 93.25.