Cotton futures are trading with 12 to 25 point losses on the Thursday session. Crude oil is down $1.68 cents/barrel at $66.70, with the US dollar index $0.171 lower to $97.370. 

USDA Export Sales data showed 75,089 RB of old crop cotton bookings in the week ending on July 3. Of that total, 33,600 RB went to Vietnam. New crop business came in at 81,543 RB. Bangladesh was the top buyer at 23,100 RB, with 19,900 RB to Vietnam. Total sales were a 3-week high at 156,632 RB. Shipments were reported at 240,899 RB in that week. That was back down from last week but still 49.9% larger than last year. The top destination was Vietnam at 95,900 RB, with 46,400 RB headed to Turkey.

Wednesday’s online auction from The Seam showed sales of 274 bales at an average price of 54 cents. The Cotlook A Index was down 60 points on 7/9 at 78.15. ICE cotton stocks were down 2,642 bales on July 9 via decertification, with the certified stocks level at 35,347 bales. USDA’s Adjusted World Price (AWP) was up 116 points last Thursday at 55.34 cents/lb. It will be updated later today.

Oct 25 Cotton  is at 66.11, down 25 points,

Dec 25 Cotton  is at 67.66, down 12 points,

Mar 26 Cotton  is at 68.98, down 16 points