Cotton futures are trading with 30 to 46 point gains across most contracts on Thursday, with thin and in delivery July down 285 points. Support is continuing to come via outside factors. Crude oil is up $1.16/barrel, with the US dollar index down $0.593.

Weekly Export Sales data showed just 27,342 RB of 2024/25 cotton sold in the week ending on June 19. Pakistan was the top buyer of 9,200 RB with 7,700 RB sold to Vietnam. New crop sales were 64,664 RB, with 34,300 RB sold to Vietnam. Total sales for both marketing years were the lowest since September. Shipments were 184,521 RB in that week, the smallest total since mid-January. Turkey was the top destination of 41,300 RB, with 36,400 RB to Vietnam.

Traders are looking for cotton acreage to total 10 million acres in Monday’s June 30 Acreage report. The range of estimates via Bloomberg’s survey is 8.8 to 10.2 million acres.

The Seam reported just 1,186 bales sold in the Wednesday online auction at an average price of 66.64 cents. The Cotlook A Index was up 25 points on 6/25 at 78.65. ICE cotton stocks were steady on June 25, with a certified stocks level of 61,136 bales. USDA’s Adjusted World Price (AWP) was up 1 point last week at 54.03 cents/lb and will be updated later today.

Jul 25 Cotton  is at 63.59, down 285 points,

Oct 25 Cotton  is at 68.24, up 37 points,

Dec 25 Cotton  is at 68.78, up 46 points