Cotton futures were down 112 to 138 points on Friday. The outside factors were mixed, as crude oil was down 57 cents/barrel and the dollar index losing 537 points. Hurricane Beryl is expected to bring along precip to parts of TX and other regions of the Gulf states.
Export Sales data from this morning showed an improvement in old crop cotton sales during the week that ended on June 27 to 115,352 RB. Sales of 63,600 RB were reported to China, with 27,600 RB to Vietnam. New crop was listed at 56,897 RB, with 30,800 RB to China. Export shipments were tallied at 175,798 RB, up 24.66% from the week prior. China was the top destination as well, at 62,200 RB, with 27,600 RB sold to Turkey.
ICE certified cotton stocks were down just 1 bale on decerts, to 53,790 bales on July 3. The Cotlook A Index was down 25 points on July 4 at 82.75 cents/lb. The USDA Average World Price (AWP) was cut by 43 points this week to 57.80 cents/lb on Friday morning. It is effective through next Thursday.
Jul 24 Cotton closed at 67.31, down 137 points,
Dec 24 Cotton closed at 70.98, down 138 points,
Mar 25 Cotton closed at 72.71, down 134 points
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