International Cotton Market

12-Mar-2025 08:16 AM

International Cotton Market
On Tuesday, ICE cotton futures saw light mixed trading, with front-month contracts closing between 2 points up to 9 points down. External markets offered support — crude oil futures rose by 59 cents per barrel, while the U.S. dollar index dropped by $0.598 during the day.
In the USDA’s cotton balance sheet released this morning, no changes were made on the U.S. side, with ending stocks held steady at 4.9 million bales. The average farm price was lowered by 50 points to 63 cents per pound.
According to the Cotton Ginnings report, 162,950 running bales (RB) were ginned in February, bringing the season total to 14.124 million RB — 20.23% higher than the same period last year.
Globally, 2024/25 ending stocks saw a slight decrease of 80,000 bales, bringing the new estimate to 78.33 million bales. This includes a 200,000-bale reduction in Brazil’s stocks due to higher exports, and a 100,000-bale increase in Australia’s stocks.
On Monday, The Seam’s online auction sold 4,756 bales at an average price of 61.17 cents per pound.
The Cotlook A Index rose by 75 points on March 10 to reach 77.70 cents per pound.
ICE cotton stocks remained unchanged on March 10, with total certified stocks at 14,488 bales.
Last Thursday, the USDA lowered the Adjusted World Price (AWP) by 201 points to 51.88 cents per pound.