ICE’s most active December 2025 contract settled at 66.46 cents per pound (0.453 kg), up 0.25 cent. Other contracts closed higher by 5–23 points. Trading ranges were narrow, with December 2025 showing the widest range at just 42 points, between 66.15 and 66.57 cents. The day’s low was the highest in the last six sessions, with recent lows clustered between 65.80 and 66.15. December settled just 2 points above its 10-day average, a small but notable positive for bulls.
ICE cotton futures rose on September 9 supported by higher crude oil prices that lifted polyester costs, though gains were capped by a stronger US dollar.
The December 2025 contract settled at 66.46 cents per pound, with narrow trading ranges and steady but light mill demand.
Open interest continued to rise, while traders awaited USDA’s WASDE and US cotton sales reports.
Crude oil prices rose amid regional tensions, pushing up polyester costs. Expectations of potential interest rate cuts were also seen as supportive for cotton prices. But the US dollar index rose 0.2 per cent, making cotton more expensive for international buyers.
Trading volume reached 23,885 contracts compared with 21,760 in the previous session. Open interest increased by 329 to 257,638, marking gains in 41 of the last 48 sessions, with a net rise of 57,201 contracts.
Deliverable stocks of ICE No. 2 cotton futures remained unchanged at 15,474 bales as of September 8.
Mill demand was steady but light, with stronger buying interest reported from Brazil and Australia. US cotton remained the preferred option, though ongoing trade wars continued to weigh on exports.
Market volatility increased as US non-farm payrolls data was revised lower, while US stock indices and Chicago grain futures weakened. Corn and soybean futures were little changed as traders positioned ahead of the USDA’s monthly supply and demand report.
The S&P 500 and Nasdaq closed at record highs, while weaker jobs data reinforced expectations of forthcoming Federal Reserve rate cuts.
Market analysts noted that December prices remain anchored in the 66–69 cent range, with no immediate catalysts for a breakout.
The USDA report, due Friday, is expected to provide clearer insight into US cotton production and export prospects.
Currently, ICE cotton for December 2025 is trading at 66.69 cents per pound (up 0.23 cent), cash cotton at 63.40 cents (up 0.08 cent), the October 2025 contract at 64.97 cents (up 0.32 cent), the March 2026 contract at 68.55 cents (up 0.18 cent), the May 2026 contract at 69.89 cents (up 0.15 cent) and the July 2026 contract at 70.73 cents (up 0.09 cent). A few contracts remained at their previous closing levels, with no trades recorded today.
Fibre2Fashion News Desk (KUL)