Cotton futures are trading with 12 to 25 point losses on the Thursday session. Crude oil is down $1.68 per barrel to $66.70, and the US dollar index is lower by $0.171 to $97.370.
According to USDA export sales data, 75,089 hundredweight (RB) of old‑crop cotton were booked in the week ending July 3. Of this amount, 33,600 RB were shipped to Vietnam. New‑crop bookings totaled 81,543 RB, with Bangladesh leading purchases at 23,100 RB and 19,900 RB destined for Vietnam. Overall sales reached a three‑week high of 156,632 RB, and shipments amounted to 240,899 RB, down from the previous week but still 49.9% higher than a year ago. Vietnam remained the top destination with 95,900 RB, followed by Turkey at 46,400 RB.
The Wednesday online auction conducted by The Seam recorded sales of 274 bales at an average price of 54 cents. The Cotlook A Index fell 60 points to 78.15 on July 9. ICE cotton stocks declined by 2,642 bales on July 9 after decertification, leaving certified stocks at 35,347 bales. USDA’s Adjusted World Price (AWP) rose 116 points to 55.34 cents per pound last Thursday and will be updated later today.
October 25 cotton futures were at 66.11, down 25 points.
December 25 cotton futures were at 67.66, down 12 points.
March 26 cotton futures were at 68.98, down 16 points.
On the date of publication, Austin Schroeder did not hold any positions in the securities mentioned herein. All information and data presented are for informational purposes only.
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