International Cotton Market

06-May-2025 08:20 AM

International Cotton Market
ICE cotton futures ended Monday steady to 30 points higher. Crude oil prices were under pressure, dropping by $1.05 as OPEC+ announced a 411,000 barrels per day increase in production for June. The U.S. Dollar Index fell by $0.240 to $99.600.
According to the Crop Progress report, 21% of the U.S. cotton crop was planted as of May 4, slightly ahead of the 20% average pace, though behind last year’s 23% pace.
The May 2 online auction from The Seam reported sales of 1,133 bales at an average price of 60.17 cents per pound. The Cotlook A Index fell by 25 points on Friday to 77.25. ICE cotton stocks remained unchanged on May 2 at 14,577 certified bales.
The USDA’s Adjusted World Price (AWP) increased by 6 points last week to 54.94 cents per pound. This rate is effective through this Thursday.