Cotton futures experienced significant gains on Thursday, with increases of 101 to 133 points across various contracts. July 26 Cotton rose to 72.43, Dec 26 Cotton reached 76.43, and Mar 27 Cotton climbed to 77.61. Crude oil prices also increased by $1.23, reaching $91.30 per barrel, while the US dollar index rose to 100.260.
The USDA’s Export Sales report revealed that 207,032 running bales of cotton were sold for the 2025/26 marketing year in the week ending June 4, marking a nine-week high. Additionally, new crop sales reached 298,689 running bales during the same week, the highest of the marketing year. Shipments totaled 300,114 running bales, showing an upward trend from the previous week.
In updated WASDE data, the USDA cut old crop stocks by 200,000 bales to 4.2 million and increased exports to 12.2 million bales. Conversely, new crop estimates were reduced to 3.7 million bales. Global stocks for old crop fell to 76.63 million bales, and new crop carryout declined to 71.13 million bales.
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