Friday, May 29, 2026
Quiet Consolidation and Strong Export Sales Offer Support
Opening Market Summary
December 2026 ICE cotton futures settled at 79.59 cents, up 6 points (+0.08%) on Friday in very quiet trade. July 2026 finished at 76.15 cents, down 62 points. Cotton showed light follow-through buying after Thursday’s policy-driven rally, while the grain complex sold off sharply on improved weather forecasts and possible profit-taking. A weaker U.S. dollar and strong gold rally offered cross-market support. The USDA “Great American Cotton Plan” announced yesterday continues to provide a solid positive backdrop heading into the weekend.