International Cotton Market

10-May-2025 08:12 AM

International Cotton Market
ICE cotton futures closed slightly lower on Friday, with contracts down 8 to 15 points. The July contract dropped 180 points this week.
Crude oil prices were up $1.14/barrel, while the U.S. dollar index fell $0.235 to 100.255.
CFTC data shows that as of May 6, speculators trimmed 5,182 contracts from their net short position in cotton, bringing it to 21,049 contracts.
USDA’s Export Sales report shows total cotton export commitments at 11.033 million running bales, 5% lower than last year. However, this equals 108% of USDA’s forecast for the 2024/25 marketing year — right on pace with the average.
At Thursday’s The Seam online auction, 797 bales were sold at an average price of 55.13 cents/lb.
The Cotlook A Index fell 5 points on Wednesday to 78.95.
ICE certified cotton stocks declined by 416 bales on May 8 due to a mix of new certifications and decertifications, putting total certified stocks at 16,721 bales.
USDA’s Adjusted World Price (AWP) dropped 13 points on Thursday to 54.81 cents/lb.