Cotton price action is down 40 to 58 points so far on Friday morning. Futures closed the Thursday session with contracts 12 to 24 points higher across the board. Crude oil was back up $3.01 per barrel, with the US dollar index $0.269 higher.
Export Sales data showed net cancellation of 55,855 RB of 2025/26 cotton in the week of July 30 (marketing year ended on 7/31), a marketing year low. There was 242,052 RB reported for new crop business in that week, the third largest for the MY. The largest buyer was Vietnam at 132,400 RB, with 41,600 RB sold to Turkey. Shipments were tallied at 222,830 RB. Vietnam took a bulk of the shipments at 88,900 RB, with 35,500 RB headed to Pakistan and 19,500 MT to Turkey.
