Cotton Posts Modest Strength on Thursday

Cotton futures finished Thursday up 12 to 24 points across the board, supported by crude oil rebounding $3.01/bbl and a stronger US dollar (DXY +0.269). However, US Export Sales showed a net cancellation of 55,855 RB of 2025/26 cotton for the week of July 30, adding a demand headwind despite the price strength. Overall, the tape looks directionally firm but underpinned by mixed fundamentals from export data.

Analysis

Cotton futures finished Thursday up 12 to 24 points across the board, supported by crude oil rebounding $3.01/bbl and a stronger US dollar (DXY +0.269). However, US Export Sales showed a net cancellation of 55,855 RB of 2025/26 cotton for the week of July 30, adding a demand headwind despite the price strength. Overall, the tape looks directionally firm but underpinned by mixed fundamentals from export data.