International Cotton Market

04-Jun-2025 08:19 AM

International Cotton Market
On Tuesday, ICE cotton futures saw mixed activity, with most contracts closing 8 to 16 points lower, while the thinly traded October contract gained 2 points. Crude oil prices rose again by 85 cents per barrel, and the US dollar index increased by 0.575 to reach 99.210. The Monday afternoon Crop Progress report showed that 66% of the US cotton crop has been planted, 3 percentage points behind the average. In Texas, planting progress is in line with the five-year average at 61%, while Georgia, at 74%, is 3 points behind average. Currently, 49% of the cotton crop is rated in the 'good to excellent' category, which is 12% lower than last year. The Brugler500 Index stands at 324, the lowest early-season score since 2013. Texas has an initial rating of 298, also the lowest in the past three years, with only 38% rated 'good to excellent'. On Monday, The Seam reported sales of 1,174 bales at an average price of 61.89 cents per pound. The Cotlook A Index rose 20 points on June 2 to reach 77.45. ICE certified cotton stocks increased by 10,694 bales on June 2, bringing the total to 53,700 bales. The USDA’s Adjusted World Price (AWP) increased by 32 points last week to 53.84 cents per pound and remains valid through Thursday.