Cotton futures are up 47 to 72 points so far on Thursday’s midday. Crude oil futures are up $2.31/barrel on the day, with the US dollar index back up $0.167 to $99.310. The markets will be closed on Friday in observance of Good Friday.
USDA’s Export Sales report showed a total of 201,990 RB of cotton sold in the week ending on April 10, a 5-week high. That was up 75.52% from last week and 38.24% above the same week last year. Vietnam was the top buyer of 90,900 RB, with 35,300 RR sold to India. Shipments were down 12.99% from last week at 328,215 RB, which was still 23.05% above this week in 2024. The top destination was Vietnam at 87,100 RB, with 56,600 RB headed to Pakistan.
The Seam reported 5,231 cash bales sold online on 4/16, at an average price of 64.63 cents/lb. The Cotlook A Index was back up 85 points on Wednesday at 77.25 cents/lb. ICE cotton stocks were steady on April 16 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was back down 212 points last week to 53.10 cents/lb. It will be updated today.
