Cotton futures are mostly lower on Thursday, with most contracts down 25 to 35 points and thin October down 149 points. Crude oil is down $0.42/barrel at $67.03, with the US dollar index $0.341 higher to $96.770. Today will be the last trade day of the week due to Independence Day on Friday.

Weekly Export Sales data showed just 23,680 RB of old crop cotton sold in the week ending on June 26. That was a MY low. Vietnam was the top buyer of 19,600 RB, with 17,200 RB sold to Bangladesh. Sales for new crop were 106,584 RB, which was back up from the week prior. Mexico was the top buyer of 2025/26 at 50,600 RB, as Vietnam was the buyer of 30,000 RB.  Export shipments were a 4-week high at 255,770 RB. The lead destination was Vietnam of 65,000 RB, with 38,700 RB headed to Pakistan.

Census data for May cotton exports was 1.26 million bales, down 24.08% from April, but up 24.11% from a year ago.

The Cotlook A Index was down 5 points on 7/1 at 78.85. ICE cotton stocks were down 164 on July 2 via decertification, with a certified stocks level of 40,324 bales. USDA’s Adjusted World Price (AWP) was up 15 points last Thursday at 54.18 cents/lb. It will be updated later today.

Jul 25 Cotton  closed at 66.77, up 49 points,

Oct 25 Cotton  closed at 66.68, down 149 points,

Dec 25 Cotton  closed at 68.31, down 32 points