Cotton International News
11-Mar-2026 08:27 AM
Cotton International News
Cotton futures closed 55 to 68 points higher on Tuesday. Crude oil prices fell by $8.38 during the day after the U.S. began escorting vessels through the Strait of Hormuz. However, prices recovered about $8 from the day’s low following reports that Iran was placing mines in the waterway. The U.S. Dollar Index declined by 0.261 to 98.910.
The USDA WASDE report showed no changes to the U.S. cotton balance sheet, with stocks left at 4.4 million bales. On the global balance sheet, stocks increased by 1.25 million bales to 76.39 million bales, mainly due to a combined increase of 1.5 million bales in Brazil and India stocks following higher supplies.
On March 9, The Seam platform recorded sales of 5,926 bales at an average price of 62.44 cents per pound. The Cotlook A Index rose by 10 points on Monday to 74.75 cents.
ICE certified cotton stocks declined by 6,518 bales on March 9 through decertification, bringing the certified stocks level to 121,986 bales. The Adjusted World Price (AWP) was reduced by 40 points last Thursday to 51.44 cents per pound.