Cotton futures are holding near unchanged on Thursday, with contracts down 5 to 5 points higher in the nearby months. Crude oil is back up $2.81 per barrel, with the US dollar index $0.304 higher.
Export Sales data showed net cancellation of 55,855 RB of 2025/26 cotton in the week of July 30 (marketing year ended on 7/31), a marketing year low. There was 242,052 RB reported for new crop business in that week, the third largest for the MY. Shipments were tallied at 222,830 RB.
