International Cotton Market

24-Jun-2025 08:21 AM

International Cotton Market
ICE cotton futures ended Monday’s session mixed, with nearby contracts down 8 to 17 points, while the December contract gained 71 points. Crude oil prices fell $6.70 at the close as the market failed to maintain upward momentum following US strikes on Iran’s nuclear facilities over the weekend. Iran launched a missile attack on a US base in Qatar on Monday but had given prior notice to the White House, and no damage was reported. The US dollar index fell by $0.312 to 97.970.
The weekly Crop Progress report showed that as of June 22, 92% of the US cotton crop was planted, trailing the average pace by 3 percentage points. Overall, 26% of the crop was squaring, in line with the normal pace, while 5% was setting bolls, 1 percentage point below average. Condition ratings dropped by one point to 47% good/excellent. The Brugler500 index was down a single point to 327 due to a slightly larger very poor crop portion.
Commitment of Traders data released this afternoon showed managed money reducing their net short position by 1,828 contracts as of June 17, leaving a total net short of 51,031 contracts.
The Cotlook A Index was unchanged at 77.55 on June 20. ICE cotton stocks also remained unchanged on June 20 at a certified stock level of 62,332 bales. USDA’s Adjusted World Price (AWP) was up 1 point last week to 54.03 cents per pound, effective through Thursday.