International Cotton Market
07-May-2025 08:39 AM
International Cotton Market
ICE cotton futures saw a decline of 40 to 60 points in the front months on Tuesday. The May contract is set to expire on Wednesday. Crude oil prices rose again, trading at $1.96 per barrel. The U.S. dollar index fell by $0.570 to $99.070.
According to crop progress reports, by May 4, 21% of the cotton planting in the U.S. was complete, slightly ahead of the average planting rate of 20%. However, it is behind last year’s 23% rate. Planting in Texas is at 25%, 3 percentage points above average, while Georgia has planted 13%.
According to Census data, cotton exports (excluding linters) in March totaled 1.834 million bales, 31.45% higher than February and 12.24% higher than March 2024.
The Seam’s 5/52 online auction saw only 24 bales sold, averaging 63 cents per pound. The Cotlook A Index fell by 25 points to 77.25. ICE cotton stocks as of May 5 were down to 14,049 bales due to desertification. USDA's Adjusted World Price (AWP) increased by 6 points to 54.94 cents per pound.