Cotton Market Update: Minor Losses Amid Strong Export Sales
Futures Bounce Back with Support from Global Markets
Cotton prices are experiencing slight losses today, ranging from 11 to 15 points. This comes after futures garnered gains of 11 to 20 points on Thursday, thanks to positive Export Sales data. In wider market conditions, the US dollar index rose by 414 points, marking its highest level in over a year. Meanwhile, crude oil futures provided some buoyancy, increasing by $1.40 per barrel.
The recent Export Sales report revealed upland cotton bookings for the 2024/25 season reached 318,516 running bales (RB) during the week of November 14, achieving a marketing year (MY) high. Major purchases included Vietnam, which bought 141,600 RB, and Pakistan with 55,300 RB. Additionally, there were sales of 16,016 RB for the 2025/26 season. Shipments totaled 148,215 RB, making this the third-largest shipment this MY, with Vietnam receiving 26,100 RB and Pakistan 25,700 RB.
On November 20, The Seam reported online sales of 5,442 bales at an average price of 64.93 cents per pound. Certifed ICE cotton inventories remained steady at 13,274 bales as of Wednesday. The Cotlook A Index increased by 25 points on November 2, reaching 79.70 cents per pound. However, the USDA’s Adjusted World Price (AWP) decreased by 229 points on Thursday to settle at 55.91 cents per pound.
Mar 25 Cotton closed at 70.43 cents, up 15 points, but currently shows a decline of 12 points. May 25 Cotton finished at 71.65 cents, gaining 14 points, though it is now down 11 points. Jul 25 Cotton closed at 72.80 cents, also gaining 15 points, but has since dropped by 15 points.
On the date of publication, Austin Schroeder did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All information and data in this article are for informational purposes only. For more details, please view the Barchart Disclosure Policy here.
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