International Cotton Market

14-Jun-2025 08:09 AM

International Cotton Market
ICE cotton futures closed with marginal gains of 22 to 45 points on Friday with some support from outside markets. The July contract closed down 26 points for the week while December ended 37 points lower. Crude oil was up 5.27 dollars per barrel on Friday following overnight Israeli strikes on Iran. The US dollar index rose 0.234 to 98.135. The Friday afternoon Commitment of Traders report showed managed money increasing their net short position by 6,254 contracts in cotton futures and options trading as of June 10, taking the net position to minus 52,859 contracts. USDA’s weekly export sales report showed cotton commitments at 11.586 million running bales, which is 8.2 percent above USDA’s export projection raised on Thursday. Normally, exporters would have sales 14 percent above USDA’s estimate at this time. Actual shipments are at 9.55 million running bales, 89.2 percent of USDA’s projection and ahead of the 83 percent average shipping pace. The Cotlook A Index was unchanged at 78.05 on June 12. ICE cotton stocks remained steady on June 12 with new certifications, totaling 62,212 bales. USDA’s Adjusted World Price was raised by 26 points on Thursday afternoon to 54.02 cents per pound.