Cotton futures are experiencing slight losses, ranging from 4 to 20 points across most front months as of Thursday, with October futures at 65.5 cents (-20 points), December at 66.72 cents (-12 points), and March at 68.15 cents (-4 points). Meanwhile, the US dollar index has increased by $0.117 to 98.100, while crude oil futures remain steady.
For the week ending July 31, Weekly Export Sales data reported net reductions of 17,172 running bales (RB) in old crop, with a total of 598,393 RB still carried over from unshipped sales. An additional 107,300 RB was sold for the new crop, and total shipments for the 2024/25 marketing year reached 182,334 RB, resulting in a cumulative total of 11.191 million RB.
The Cotlook A Index rose by 50 points to 78.25 cents on August 6, while certified ICE cotton stocks were steady at 21,617 bales as of August 5. The USDA’s Adjusted World Price (AWP) dropped by 43 points from the previous week to 54.52 cents per pound.
