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Barchart
Barchart
Austin Schroeder

BIZARRE: Cotton fades lower on thursday - What They Never Told You

Cotton Oil United States US Dollar

Cotton futures closed out the Thursday session with contracts down 29 to 74 points. The US dollar index was back down $0.058 to $97.925, as crude oil futures were down 8 cents.

Weekly Export Sales data showed a total of net reductions of 17,172 RB in the week ending on 7/31 for old crop to round out the marketing year. A total of 598,393 RB is carried over from unshipped sales, with 107,300 RB sold for new crop in the last week of July. Shipments to round out the 2024/25 marketing year were 182,334 RB, taking the total to 11.191 million RB. 

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