Cotton prices fell by 29 to 33 points across front-month futures on Thursday morning, with October contracts closing down 24 points at 66.17 cents per pound amid thin trading. The US dollar index decreased by $0.383 to 98.045, and crude oil futures also dropped by $1.31.
According to the USDA’s Export Sales report for the week ending August 7, 241,982 running bales (RB) of cotton were sold, with Vietnam as the largest buyer (119,200 RB). Actual shipments totaled 142,593 RB, mainly to Vietnam (34,800 RB), Pakistan (26,200 RB), and Turkey (19,300 RB).
The Seam reported the sale of 353 bales in the online auction at an average price of 60.73 cents/lb. Additionally, the Cotlook A Index rose by 175 points to 79.95 cents on August 13, while ICE cotton stocks remained steady at 18,242 bales.
