S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketCotton futures posted positive trade on Thursday, with contracts up 20 to 40 points on the day. Crude oil prices were up 43 cents/barrel, with the US dollar index showing steady trade at $98.670.
USDA’s Export Sales report showed 109,785 RB of 2024/25 cotton sold in the week ending on May 29, which was a 4-week low. Bangladesh was the top buyer of 34,200 RB, with 24,700 MT to Vietnam. New crop business came in at 38,984 RB, the highest in 7 weeks. Much of that was sold to Vietnam at 17,900 RB, Export Shipments were 316,134 RB, a 3-week high. Turkey was the top destination of 98,300 RB, with 87,400 RB headed to Vietnam.
Census data showed a total of 1.66 million bales of cotton (excluding linters) exported in April. That was a 3-year high, and 37.19% above last year, but a drop of 9.47% from March.
Wednesday’s auction from The Seam showed 309 bales sold at an average price of 69 cents/lb. The Cotlook A Index was back down 35 points on 6/4 at 78.25. ICE cotton stocks were steady on June 4, with a certified stocks level of 53,700 bales.
Jul 25 Cotton closed at 65.36, up 37 points,
Oct 25 Cotton closed at 67.28, down 13 points,
Dec 25 Cotton closed at 67.98, up 21 points
