Cotton futures posted losses of 45 to 50 factors throughout the entrance months. Crude oil futures are down $2.02 per barrel on the day at $63.12. The US greenback index was up $0.371 to $97.860.
Export Gross sales knowledge confirmed a complete of 249,836 RB of cotton bought within the week ending on January 29. That was a 22.67% enchancment from the week prior however nonetheless 10.78% beneath the identical week final 12 months. The most important purchaser was Vietnam, at 54,000 RB, with 48,100 RB to Pakistan, and 36,600 RB to China. Shipments had been at 235,313 RB in that week, which was down 8.45% from per week in the past however 53.29% bigger than the identical week in 2025. Of that whole 84,300 RB was headed to Vietnam, with 29,100 RB to Pakistan.
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The Wednesday on-line public sale from The Seam confirmed gross sales of 57.91 cents/lb on 5,856 bales. The Cotlook A Index was down one other 20 factors on February 4 at 73.15 cents. ICE licensed cotton shares had been up 11,138 on 2/4 with the licensed shares stage at 47,653 bales. The Adjusted World Value was up to date to 49.78 cents/lb on Thursday down one other 42 factors.
Mar 26 Cotton closed at 61.76, down 48 factors,
Might 26 Cotton closed at 63.5, down 49 factors,
Jul 26 Cotton closed at 65.26, down 46 factors
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.
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