On Thursday, cotton futures experienced losses, with July contracts closing down 33 points at 65.14, October down 20 points at 65.52, and December down 18 points at 67.47. This decline occurred despite a bullish WASDE report revealing a 400,000 bale increase in US export figures for 2024/25, which lowered stocks to 4.4 million bales and reduced the new crop carryout to 4.3 million bales, a decrease of 900,000 bales.
The USDA’s weekly Export Sales report indicated a marketing year low of 60,180 RB in 2024/25 bookings, marking a 45.18% drop from the previous week. Vietnam was the largest buyer with 28,000 RB, while shipments totaled 236,251 RB, the lowest in 18 weeks.
Additionally, the Cotlook A Index decreased by 45 points to 78.05 on June 11. The USDA’s Adjusted World Price rose by 26 points to 54.02 cents/lb, while certified ICE cotton stocks increased by 8,794 bales to a total of 62,212 bales.
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