Cotton futures are down 7 to 85 points so far on Thursday, with front months leading the losses. Crude oil is down another $2.07/bbl to $74.68. The US dollar index is up another $0.684 at $100.555. The market will round out the week today, with Friday off in observance of Juneteenth.
USDA’s Export Sales report from this morning showed 177,098 RB of cotton sold for 2025/26 in the week of 6/11. That was a 3-week low, but nearly triple the same week last year. There was also 188,395 RB in new crop sales in that week, back down from last week’s marketing year high. Shipments were tallied at 250,964 RB, the lowest since mid-February, but up 6.23% from the same week in 2025.
