International Cotton Market

24-May-2025 08:15 AM

International Cotton Market
ICE cotton futures closed the week with Friday gains of 25 to 50 points, with the July contract up 122 points on the week. Crude oil prices rose by 51 cents on the day, while the US Dollar Index dropped $0.849 to 99.000. Markets will be closed on Monday for Memorial Day, and government reports will be delayed, with normal trading resuming on Tuesday.
As of May 21, money managers added 10,951 contracts to their net short position in cotton futures and options, bringing the total to 40,039 contracts by Tuesday.
Export sales data shows cotton commitments at 11.297 million running bales, which is 109% of USDA’s export estimate, slightly behind the average pace of 110%.
The Seam reported 245 bales sold on May 22 at an average price of 56.74 cents per pound. The Cotlook A Index remained unchanged on Tuesday at 78.25 cents. On May 22, ICE cotton stocks rose by 2,444 bales through new certifications, bringing the certified stock total to 42,240 bales. USDA’s Adjusted World Price (AWP) was lowered by 38 points on Thursday afternoon to 53.52 cents per pound.