Cotton futures closed lower across the board on Thursday, declining 4 to 24 points. The pullback occurred despite overnight geopolitical tension, as crude oil reversed course to settle $1.71 lower while the U.S. dollar index edged down 0.034 points.
Weekly export sales data revealed 66,422 running bales of old-crop cotton sold for the 2025/26 marketing year in the week ended July 2, a notable increase from the prior week and nearly triple the volume from the same period last year. Vietnam led purchases with 23,500 RB, followed closely by India at 23,400 RB. New-crop sales reached 86,971 RB, a three-week high, driven by Vietnam (48,700 RB) and Turkey (30,800 RB).
Shipments totaled 230,056 RB, rebounding from an 18-week low but remaining 10.05% below the comparable week in 2025. Vietnam was the top destination at 85,400 RB, with Pakistan taking 12,800 RB.
The Cotlook A Index rose 295 points on Wednesday to 90.25 cents. ICE-certified stocks fell by 12 bales via decertification on Tuesday to 184,927 bales. The Adjusted World Price increased 92 points Thursday to 62.86 cents per pound.
Settlement Prices (Thursday):
- Jul 26 Cotton: 76.16 cents (-5 points)
- Dec 26 Cotton: 80.63 cents (-4 points)
- Mar 27 Cotton: 81.97 cents (-13 points)
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