Cotton futures surged on Thursday, posting triple‑digit gains across most contracts, with increases ranging from 101 to 133 points. Crude oil rose $1.23 to $91.30 per barrel, and the U.S. dollar index climbed $0.316 to 100.260.
The USDA’s Export Sales report released Thursday morning recorded 207,032 RB of cotton sold for the 2025/26 marketing year during the week of June 4, marking a nine‑week high. New‑crop sales reached 298,689 RB that week, a record for the marketing year, while total shipments rose to 300,114 RB.
WASDE data published this morning indicated a reduction of 200,000 bales in old‑crop stocks to 4.2 million bales, offset by a 200,000‑bale increase in exports to 12.2 million bales. New‑crop inventories fell by the same amount to 3.7 million bales.
World stocks contracted by 0.64 million bales for old crop, totaling 76.63 million bales, while new‑crop carry‑out declined by 0.71 million bales to 71.13 million bales.
The Seam reported sales of 1,386 bales in Wednesday’s online auction, averaging 71.63 cents per pound. The Cotlook A Index slipped 225 points on June 10 to 83.65 cents. ICE certified cotton stocks fell by 38,894 bales on June 10, leaving a balance of 193,789 bales. The Adjusted World Price dropped another 29 points last week to 63.20 cents per pound.
July 26 cotton is at 72.43 cents, up 133 points.
December 26 cotton is at 76.43 cents, up 113 points.
March 27 cotton is at 77.61 cents, up 101 points.
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