Cotton futures saw declines of 4 to 24 points at the Thursday close, leading to a drop in prices for July, December, and March contracts. Meanwhile, crude oil prices fell by $1.71 amid ongoing tensions between the U.S. and Iran. The U.S. dollar index decreased by $0.034.
Export sales for the week of July 2 revealed 66,422 running bales (RB) of cotton sold for the 2025/26 season, increasing from the previous week and nearly tripling year-over-year. Vietnam purchased 23,500 RB, while India bought 23,400 RB. Additionally, there were 86,971 RB in new crop sales, a three-week high, with Vietnam being the largest buyer at 48,700 RB.
The Cotlook A Index rose by 295 points to 90.25 cents, and ICE certified cotton stocks decreased by 12 bales to 184,927 bales. The Adjusted World Price rose 92 points to 62.86 cents per pound.
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