Cotton futures declined on Thursday, with contracts down 12 to 101 points. The US dollar index rose 485 points, pressuring commodity prices, while crude oil increased by $1.08 per barrel.
For the week ending August 15, upland cotton export sales totaled 93,008 RB, marking a 16.17% decrease from the previous week. Actual shipments reached 168,837 RB. The Seam reported online cash sales at 64.88 cents/lb for 2,679 bales. ICE cotton stocks remained steady at 12,767 bales as of August 21, while the Cotlook A Index increased by 65 points to 80.65 cents/lb. The USDA Average World Price for the upcoming week rose to 55.35 cents/lb, up 11 points.
December 2024 cotton closed at 69.34 cents/lb, down 101 points; March 2025 cotton closed at 70.86 cents/lb, down 76 points; and May 2025 cotton closed at 72.05 cents/lb, down 62 points.
