International Cotton Market

31-May-2025 08:25 AM

International Cotton Market
On Friday, ICE cotton futures saw modest gains of 20 to 22 points in the front month, while the December contract dipped by one point. The July contract dropped 127 points this week, and December declined by 87 points. Crude oil prices fell by $0.21 on the day, while the U.S. dollar index rose by $0.161 to reach 99.370.
According to export sales data for the week ending May 22, cotton sales reached only 118,658 running bales, marking a 3-week low. Vietnam was the top buyer with 65,600 bales, followed by Bangladesh with 17,300 bales. New crop sales totaled 13,822 bales. Shipments rebounded to 275,379 bales during the same week. Vietnam remained the top destination with 117,000 bales shipped, and Pakistan received 34,300 bales.
Friday afternoon’s Commitment of Traders report showed that speculators added 3,180 contracts to their net short position as of May 27, bringing the total to 43,219 contracts.
On Thursday, 450 bales were sold through The Seam online trading platform at an average price of 66.34 cents per pound. On May 29, the Cotlook A Index fell 25 points to 77.70. Certified stocks on ICE increased by 1,143 bales on May 29 through new certifications, bringing the total certified stocks to 43,006 bales. The USDA’s Adjusted World Price (AWP) rose by 32 points this week to 53.84 cents per pound.