Cotton futures experienced declines on Thursday, with contracts falling between 175 and 287 points. The July 26 contract closed at 83.94, down 287 points, while December and March contracts also dropped significantly. Additionally, the US dollar index rose by $0.352 to $98.775, and crude oil prices increased by $1 to reach $102.02.
In the week ending May 7, USDA’s Export Sales report indicated that 47,699 running bales (RB) of cotton were sold for the 2025/26 marketing year, marking a 27.47% decline compared to the same week last year. Vietnam accounted for the majority of these sales, purchasing 31,800 RB. New crop sales also included 29,716 RB, with shipments recorded at an eight-week low of 290,293 RB, predominantly headed to Vietnam and Turkey.
On the cotton market, The Seam reported 1,228 bales sold at an average price of 85.30 cents per pound, while ICE certified cotton stocks increased by 1,066 bales to reach 186,444 bales.
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