Cotton futures posted gains of 13 to 139 points across the board on Thursday, led by the front months. Crude oil was down $3.61 to $86.42/barrel after President Trump announced late in the day that there was a deal between the US and Iran. The US dollar index was down $0.234 at $99.70.
USDA’s Export Sales report from Thursday morning showed 207,032 RB of cotton sold for 2025/26 in the week of 6/4. That was a 9-week high. Vietnam was the top buyer of 83,300 RB, with 57,300 RB sold to Pakistan. There was also 298,689 RB in new crop sales in that week, a marketing year high. Vietnam was the buyer of 180,000 RB Shipments were tallied at 300,114 RB, back up from last week. The top destination was Vietnam at 109,200 RB, with 49,400 RB headed to Pakistan.
