International Cotton Market

28-May-2025 08:14 AM

International Cotton Market
On Tuesday, ICE cotton futures closed weaker, with contracts down by 31 to 54 points. Crude oil prices dropped by 40 cents during the day, while the U.S. dollar index rose by $0.500, reaching 99.510.
According to weekly NASS crop progress data, 52% of the cotton crop had been planted as of May 25, which is behind the 5-year average of 56%. 3% of the crop is in the squaring stage, slightly below the average of 4%.
On Friday, the Cotlook A Index fell by 50 points to 78.25. As of May 23, certified cotton stocks at ICE remained steady at 42,240 bales. The USDA Adjusted World Price (AWP) decreased by 38 points on Thursday afternoon, standing at 53.52 cents per pound.