International Cotton Market
01-Jul-2025 08:32 AM
International Cotton Market
ICE cotton futures saw sharp triple-digit losses on Monday, dropping 112 to 124 points following a higher-than-expected acreage figure. Crude oil fell by $0.55 per barrel, and the U.S. dollar index declined by $0.590.
According to the weekly Crop Progress report, 95% of the U.S. cotton crop was planted (vs. 98% average), with 40% squaring (3 points ahead of normal) and 9% setting bolls. Condition ratings improved by 4 percentage points to 51% good/excellent, and the Brugler500 index rose 9 points to 336.
USDA’s Acreage report showed 10.12 million cotton acres planted this spring, above the 9.735 million trade estimate and the March Intention of 9.867 million acres.
The Seam reported 3,134 bales sold during Friday’s online auction at an average price of 65.21 cents/lb. The Cotlook A Index rose 50 points on June 27 to 79.65. ICE cotton stocks dropped by 6,385 bales on June 27 through decertification, leaving certified stocks at 45,110 bales. USDA’s Adjusted World Price (AWP) rose 15 points last Thursday to 54.18 cents/lb.