ICE cotton futures posted losses of 4 to 85 points in most contracts on Thursday, although the July contract remained up 311 points for the week. Crude oil fell 17 cents per barrel to $76.64, while the U.S. Dollar Index gained 0.710 points to 100.800. Markets and government offices will be closed Friday for the Juneteenth holiday and will reopen Sunday night.

USDA’s Export Sales report showed cotton sales of 177,098 running bales (RB) for the 2025/26 marketing year during the week ending June 11. This was a three-week low but nearly triple the volume recorded during the same week last year. Pakistan was the largest buyer with 76,600 RB, while India purchased 39,600 RB. New-crop sales totaled 188,395 RB, down from the previous week's marketing-year high. Vietnam purchased 65,600 RB and Pakistan bought 39,600 RB.

Cotton export shipments totaled 250,964 RB, the lowest level since mid-February, but still 6.23% higher than the same week last year. Vietnam was the leading destination with 66,300 RB, followed by Pakistan with 33,100 RB.

On June 17, The Seam reported sales of 6,099 bales at an average price of 74.41 cents per pound. The Cotlook A Index rose 100 points on Wednesday to 86.50 cents. ICE-certified cotton stocks declined by 1,677 bales on June 17 to 191,022 bales. The Adjusted World Price (AWP) fell another 111 points on Thursday to 62.37 cents per pound.