During Thursday’s trading session, cotton futures retreated, with nearby contracts closing 40 to 47 points lower. Crude oil declined by 77 cents on the day, while the U.S. dollar index strengthened by $0.400 to $99.835.
According to export sales data, a total of 141,428 running bales (RB) of cotton were sold in the week ending May 15. This marked a five-week high but remained 30.31% below the same week a year earlier. Vietnam led purchases with 61,800 RB, followed by Turkey at 19,400 RB. Shipments totaled 251,531 RB, the lowest since late January, with Vietnam again the top destination at 57,300 RB and Pakistan receiving 56,600 RB.
The Seam reported 1,311 bales sold on May 21 at an average price of 72.07 cents. The Cotlook A Index rose 65 points on Tuesday to 78.25. ICE cotton stocks held steady on May 21 at a certified level of 39,796 bales. USDA’s Adjusted World Price (AWP) declined 38 points to 53.52 cents per pound.
Jul 25 Cotton closed at 65.63, down 44 points,
Oct 25 Cotton closed at 68.18, down 47 points,
Dec 25 Cotton closed at 68.26, down 45 points