Cotton Sharply Lower on Thursday, Rejecting 80 Cent Mark

Cotton futures fell sharply on Thursday, slipping 260 to 396 points from Wednesday’s close in midday trade, after ending Wednesday up 24 to 96 points. The U.S. dollar index was up 25 points and crude oil gained 10 to 15 cents per barrel late morning, while cotton remained under pressure near the psychologically important 80-cent level. Export Sales showed 34,360 RB of cotton sold for 2025/26 in the week of July 9, the lowest for the marketing year, with only 4,075 RB in new-crop sales, also the weakest since September. Shipments totaled 214,893 RB, down 10.8% year over year. Vietnam led purchases year-to-date at more than 4.2 million bales. Cotlook A fell 75 points to 89.95 cents, with ICE certified stocks down 20,673 bales on July 14 to 100,612. Quotes included Oct 26 at 76.6 cents and Dec 26 at 78.53 cents.