Cotton futures closed out the Thursday session with contracts down 29 to 74 points. The US dollar index was back down $0.058 to $97.925, as crude oil futures were down 8 cents.
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.
The Cotlook A Index was up 50 points at 78.25 cents on August 6. ICE cotton stocks were steady on 8/5, with the certified stocks level at 21,617 bales. USDA’s Adjusted World Price (AWP) was down 13 points on Thursday afternoon at 54.39 cents/lb.
