Cotton Closes Thursday with Gains
Cotton futures saw strength on the Thursday session with contracts up 24 to 30 points at the close. Crude oil futures were up $1.21 per barrel on Thursday, with the US dollar index rising $0.295 to $98.370.
The Seam showed sales of just 21 bales on Tuesday, with an average price of 48..60 cents/lb. The Cotlook A Index was up 55 points at 79.30 on July 16. ICE cotton stocks saw 10,753 decertifications on July 16, with the certified stocks level at 23,481 bales. USDA’s Adjusted World Price (AWP) was up a tick on Thursday at 54.72 cents/lb.
USDA-FAS reported weekly upland cotton sales of 5,500 running bales (RB) for the week of July 4-10 this morning. That was a sharp 93% decline from the previous, pre-holiday week. Vietnam was the largest buyer. Another 73,000 RBs were booked for 2025/26 crop year delivery. Pima sales for the two years were 2,600 RB and 3,400 RB respectively.
Oct 25 Cotton closed at 67.25, up 30 points,
Dec 25 Cotton closed at 68.8, up 24 points,
Mar 26 Cotton closed at 70.08, up 25 points
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.