At midday on Thursday, cotton futures prices are back down 260 to 396 points from the Wednesday close. Futures closed the Wednesday session with contracts up 24 to 96 points. Crude oil is was up a modest 10 to 15 cents per barrel late morning, with the US dollar index up 25 points.
Export Sales data showed 34,360 RB of cotton sold for 2025/26 in the week of July 9. That was a marketing year low. There was just 4,075 RB in new crop sales in that week, the lowest since September. Shipments were tallied at 214,893 RB, back down 10.8% from the same week last year. Vietnam has been the leading buyer YTD at over 4.2 million bales.
