International Cotton Market
08-Jul-2025 08:17 AM
International Cotton Market
ICE cotton futures closed Monday's session with losses of 27 to 57 points. Crude oil was down $1.44 to $67.94 per barrel, while the US dollar index rose by 0.378 to 97.200.
Crop Progress data showed 48% of the US cotton crop was in the squaring stage, with 14% setting bolls—both 1% behind their respective averages. Crop condition ratings improved by 1% to 52% good/excellent, with the Brugler500 index unchanged at 336.
Later in the day, President Trump announced that US tariffs on Indonesian goods would rise to 32% on August 1, with tariffs on Bangladeshi goods increasing to 35%.
Commitment of Traders data for the week ending July 1 showed a 5,175 contract reduction in the net short position for cotton futures and options, bringing it down to 42,910 contracts.
On July 4, the Cotlook A Index fell by 25 points to 79.15. ICE cotton stocks remained steady as of July 3. USDA's Adjusted World Price (AWP) was increased by 116 points to 55.34 cents per pound on Thursday afternoon.