Cotton futures closed higher on Thursday, with contracts increasing by 20 to 72 points. The December cotton contract rose by 74 points this week. The U.S. dollar index decreased by $0.506 to $100.650, as traders prepare for the July 4th Independence Day Holiday.
In the week of June 25, the USDA reported 49,001 running bales (RB) of cotton sold for the 2025/26 season, marking a seven-week low yet a 79.22% increase from the same week last year. Vietnam was the primary buyer with 23,200 RB, while India purchased 7,400 RB. Additionally, new crop sales for the week totaled 44,117 RB, also the lowest in seven weeks. Cotton shipments reached 218,753 RB, an 18-week low, though up 18.55% from the same time last year, with Vietnam as the largest destination at 57,300 RB.
On July 1, The Seam reported 334 bales sold at an average price of 68.63 cents per pound. The Cotlook A Index rose by 25 points to 85.55 cents, while ICE certified cotton stocks remained unchanged at 185,034 bales. The Adjusted World Price fell by 194 points to 61.94 cents per pound.
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