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Barchart
Barchart
Austin Schroeder

YOU WONT BELIEVE: Cotton pulling back from early gains on thursday - What They Never Told You

Cotton futures are showing slight 4 to 20 point losses across most front months on Thursday. The US dollar index is back up $0.117 to $98.100, as crude oil futures are steady at midday. 

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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