Cotton futures slipped again on Friday, with contracts down 8 to fifteen factors on the shut, as July was down 180 factors this week. Crude oil costs have been again up $1.14/barrel. The US greenback index was down $0.235 to $100.255.

CFTC knowledge confirmed specs slicing one other 5,182 contracts from their internet brief place as of Could 6 to 21,049 contracts. 

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USDA’s Export Gross sales report confirmed present cotton commitments for export at 11.033 million working bales, which is a 5% drop from final 12 months. That can also be 108% of the USDA export forecast for the 2024/25 advertising and marketing 12 months, matching the 108 common tempo. 

The Thursday on-line public sale from The Seam confirmed gross sales of 797 ales at a mean value of 55.13 cents/lb. The Cotlook A Index was down 5 factors on Wednesday at 78.95. ICE cotton shares have been down 416 bales on Could 8 on a mixture of new certifications and decerts, with an authorized shares stage of 16,721 bales. USDA’s Adjusted World Value (AWP) was again down 13 factors on Thursday to 54.81 cents/lb. 

Jul 25 Cotton  closed at 66.61, down 8 factors,

Oct 25 Cotton  closed at 68.8, down 11 factors,

Dec 25 Cotton  closed at 68.67, down 8 factors

On the date of publication,

Austin Schroeder

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