International Cotton Market

03-Jun-2025 09:01 AM

International Cotton Market
ICE cotton futures started the week stronger, with contracts closing up by 65 to 107 points. Crude oil prices jumped by $2.25, while the U.S. dollar index fell by $0.644 to 98.615.
The Monday Crop Progress report showed that 66% of the U.S. cotton crop has been planted, 3 percentage points behind the average. About 8% of the crop has reached the squaring stage, compared to the 5-year average of 7%. The crop condition rating came in at 49% good to excellent, which is 12% below last year. The Brugler500 index was reported at 324, the lowest initial crop score since 2013.
The Cotlook A Index fell another 45 points on May 30 to 77.25. ICE certified cotton stocks were steady at 43,006 bales on the same date. USDA’s Adjusted World Price (AWP) rose 32 points last week to 53.84 cents per pound.