**Cotton Futures and Market Overview**
On Thursday, cotton futures experienced gains ranging from 13 to 139 points, with the front months leading the increase. In contrast, crude oil prices fell by $3.61 to $86.42 per barrel, coinciding with President Trump’s announcement of a deal between the U.S. and Iran. The U.S. dollar index declined by $0.234 to 99.70.
The USDA’s Export Sales report revealed that 207,032 running bales (RB) of cotton were sold for the 2025/26 marketing year during the week of June 4, marking a nine-week high. Vietnam was the leading buyer, securing 83,300 RB, while Pakistan purchased 57,300 RB. New crop sales reached 298,689 RB, also a marketing year high, with Vietnam buying 180,000 RB. Total shipments amounted to 300,114 RB, with Vietnam receiving the largest share at 109,200 RB.
Additionally, the USDA’s WASDE report indicated a reduction of 200,000 bales in old crop stocks to 4.2 million bales, with exports increased by the same amount to 12.2 million bales. New crop stocks were similarly adjusted down to 3.7 million bales. World stocks for old crop decreased by 0.64 million bales to 76.63 million, and new crop carryout fell by 0.71 million bales to 71.13 million.
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