Cotton price action is steady to 5 cents higher on Friday. Futures found some weakness on Thursday, with contracts down 21 to 103 points across the board. Crude oil was down $1 on the day to $95.32, with the US dollar index down $0.870 to $99.22.
The Export Sales report from Thursday morning showed a total of 196,691 RB of cotton sold in the week of 3/12 for 2025/26. That was back down from last week and 27.64% below the same week last year. Vietnam was the top buyer of 75,700 RB, with 27,800 RB sold to Turkey. New crop business was 122,221 RB, a marketing year high. China was the buyer of 48,600 RB, with 22,000 RB sold to Pakistan. Shipments were 273,926 RB, down 26% from the week prior. The largest destination was Vietnam at 93,700 RB, with 36,400 RB sold to Pakistan.
