Cotton futures are edging higher, with July contracts up 43 points while other months remain largely unchanged, fluctuating within a 5‑point range. Crude oil slipped $2.85 to $84.86 per barrel, and the U.S. Dollar Index eased 0.109 points to $99.740.
The USDA’s latest Export Sales report shows old‑crop cotton commitments at 11.541 million running bales, representing 101% of the revised export projection and slightly below the typical 110% sales pace observed. Shipments totaled 9.183 million RB, achieving 80.3% of the USDA’s estimate and marginally under the usual 82% average.
According to the Weekly Agricultural Supply and Demand Estimates (WASDE) released Thursday, USDA reduced old‑crop stocks by 200,000 bales to 4.2 million, while export projections were increased by the same amount to 12.2 million bales. Meanwhile, new‑crop inventories were trimmed by 200,000 bales to 3.7 million.
The Seam reported sales of 1,071 bales during Thursday’s online auction, with an average price of 63.24 cents per pound. The Cotlook A Index remained steady on June 11 at 83.65 cents. ICE certified cotton stocks fell by 90 bales on June 12, bringing certified inventories to 192,699 bales. The Adjusted World Price slipped another 194 points on Thursday, settling at 61.26 cents per pound.
July 26 cotton futures are currently at 72.92 cents, reflecting a 43‑point increase.
December 26 cotton futures stand at 76.35 cents, down 1 point.
March 27 cotton futures are at 77.56 cents, down 4 points.
