Cotton futures closed Thursday’s session lower, with most contracts declining between 136 and 216 points. Market pressure was exacerbated by a dip in the US dollar index, which fell $0.080 to $99.425, and significant losses in crude oil, which dropped by $3.11.
According to the USDA’s Export Sales report released Thursday morning, cotton sales for the 2025/26 season reached a seven-week high of 185,268 RB during the week of May 28. Vietnam emerged as the primary buyer with 109,900 RB, followed by Pakistan with 16,500 RB. New crop sales, however, hit a three-week low of 77,145 RB, led by Mexico at 24,000 RB and Indonesia at 14,100 RB. Shipments fell to a 14-week low of 268,799 RB, with Vietnam receiving 79,100 RB and Turkey receiving 48,200 RB.
The Seam reported sales of 3,194 bales on June 3 at an average price of 73.38 cents/lb. Meanwhile, the Cotlook A Index rose 70 points to 87.50 cents on the same date. ICE certified cotton stocks increased by 11,571 bales on Wednesday, bringing the total to 255,021 bales. The Adjusted World Price continued its decline, dropping another 29 points on Thursday to settle at 63.20 cents/lb.
Closing prices for key contracts were as follows:
July 26 Cotton closed at 74.89, down 184 points.
December 26 Cotton closed at 78.49, down 202 points.
March 27 Cotton closed at 79.81, down 191 points.
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