International Cotton Market

17-May-2025 08:09 AM

International Cotton Market
ICE cotton futures closed Friday’s session with losses of 50 to 70 points, while the July contract was down 172 points for the week. New crop contracts faced less pressure, dropping just 100 points. Crude oil prices rose by $0.79 per barrel. The U.S. dollar index was up $0.111 to 100.840.
According to the weekly CFTC report, money managers added 8,039 contracts to their net short position in cotton futures and options as of May 13. By Tuesday’s close, that position stood at 29,088 contracts.
Thursday’s USDA Export Sales report shows total commitments (shipped and unshipped) at 11.155 million running bales. That represents 108% of the USDA export projection and aligns with the five-year average sales pace. Export shipments are 8.471 million running bales, which is 82% of the projection—well ahead of the 75% average.
The Cotlook A Index fell by 75 points on Wednesday to 77.25. On May 15, ICE certified cotton stocks increased by 1,053 bales through new certifications, bringing the total to 34,153 bales. USDA’s Adjusted World Price (AWP) dropped 91 points on Thursday to 53.90 cents per pound.