Cotton International News
ICE cotton futures posted losses of 12 to 104 points across most contracts on Thursday. Crude oil prices rose by $1.95 per barrel during the session, while the US Dollar Index declined by 0.133 points.
According to data from the USDA's National Agricultural Statistics Service (NASS), 735,950 running bales of cotton were ginned between October 1 and October 15. This brought total ginning for the current marketing year to 1.653 million running bales.
The USDA's export sales report showed cotton sales of 199,629 running bales during the week ending October 15, up 35.9% from the previous week. Vietnam was the leading buyer, purchasing 94,500 running bales, while 34,200 running bales were sold to Bangladesh.
Cotton shipments totaled 195,366 running bales, up 39.7% from the previous week and 23.01% higher than the same week last year. Vietnam was the leading destination, receiving 78,900 running bales, while 26,400 running bales were shipped to Pakistan.
According to The Seam, 1,930 bales of cotton were sold on Wednesday at an average price of 73.72 cents per pound.
On October 21, the Cotlook A Index rose by 60 points to 91.75. ICE-certified cotton stocks increased by 4,304 bales on the same day, bringing total certified stocks to 22,922 bales.
On Thursday, the Adjusted World Price (AWP) increased by another 40 points to 65.01 cents per pound.
