Cotton Close with Gains Despite Export Sales Data

Austin Schroeder Barchart Thu Jun 26, 4:49PM CDT
Rolls of cotton thread by Marina Ermakova via Unsplash

Cotton futures ended the Thursday session with contracts continuing to push higher, up 27 to 63 points despite weaker Export Sales data. Crude oil was up $0.33/barrel, with the US dollar index down $0.333.

Weekly Export Sales data showed just 27,342 RB of 2024/25 cotton sold in the week ending on June 19. Pakistan was the top buyer of 9,200 RB with 7,700 RB sold to Vietnam. New crop sales were 64,664 RB, with 34,300 RB sold to Vietnam. Total sales for both marketing years were the lowest since September. Shipments were 184,521 RB in that week, the smallest total since mid-January. Turkey was the top destination of 41,300 RB, with 36,400 RB to Vietnam.

The Seam reported just 1,186 bales sold in the Wednesday online auction at an average price of 66.64 cents. The Cotlook A Index was up 25 points on 6/25 at 78.65. ICE cotton stocks were steady on June 25, with a certified stocks level of 61,136 bales. USDA’s Adjusted World Price (AWP) was up 15 points on Thursday at 54.18 cents/lb.

Jul 25 Cotton  closed at 67.07, up 63 points,

Oct 25 Cotton  closed at 68.14, up 27 points,

Dec 25 Cotton  closed at 68.8, up 48 points


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.