Friday, June 5, 2026
Cotton Weakens Sharply With Stronger USD and Lower Oil
Opening Market Summary
ICE Cotton futures closed sharply lower today, with the December 2026 contract (CTZ26) settling at 77.28s, down 1.01 cents (-1.29%) from the prior close of 78.49s. The move came amid a higher US Dollar (up 0.669 to 100.051s) and a steep drop in WTI Crude (down to 90.54s), which added pressure across commodities. Broader equity markets also sold off hard, with the Nasdaq Composite falling 4.18% and the S&P 500 down 2.64%. Volume on the Dec contract was solid at 44,566 contracts with open interest at 178,161.