Cotton futures saw mixed results this week, with July contracts dropping 127 points to close at 76.15 cents, while December contracts gained 26 points, settling at 79.59 cents. As of Tuesday, managed money reduced their net long positions in cotton by 7,845 contracts, totaling 54,200 contracts. This market movement coincided with a decline in the US dollar index, which dipped $0.044 to $98.925, and crude oil prices fell by $1.14 per barrel.
The USDA reported a total of 153,622 running bales (RB) of cotton were sold for the 2025/26 season in the week ending May 21, marking a four-week high. Major buyers included Vietnam with 48,800 RB and Pakistan with 41,300 RB. New crop sales also saw 112,041 RB sold, primarily to Pakistan and Mexico. Meanwhile, shipments rose to 317,706 RB, with Vietnam being the top destination at 101,600 RB.
As for cotton stocks, ICE certified stocks increased by 257 bales to a total of 225,516 bales. The Cotlook A Index dropped 125 points to 86.10 cents, while the Adjusted World Price fell by 519 points to 63.49 cents per pound.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
