Cotton futures are holding near unchanged on Thursday, with contracts down 5 to 5 points higher in the nearby months. Crude oil is back up $2.81 per barrel, with the US dollar index $0.304 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. Shipments were tallied at 222,830 RB.
The Seam reported 2,277 bales sold on the 8/5 sale, with an average price of 80.64 cents. The Cotlook A Index dropped 70 points on August 5 to 93.00 cents. ICE certified cotton stocks were steady on Wednesday, with the certified stocks level at 84,632 bales. The Adjusted World Price was raised by 84 points last week to 64.66 cents/lb. It will be updated later today.
Oct 26 Cotton is at 81.79, down 5 points,
Dec 26 Cotton is at 83.05, up 3 points,
Mar 27 Cotton is at 84.74, up 3 points
