International Cotton Market

25-Jun-2025 09:01 AM

International Cotton Market
On Tuesday, ICE cotton futures posted gains of 35 to 60 points, with the July contract rising by 205 points on First Notice Day. Crude oil prices fell by $3.50 on Tuesday to $65.07 per barrel. A ceasefire was announced late Monday between Israel and Iran. The U.S. Dollar Index also declined by 0.450 on Tuesday, closing at 97.560.
According to the USDA's Weekly Crop Progress Report, as of June 22, 92% of the U.S. cotton crop had been planted, which is 3% behind the average pace. About 26% of the crop was squaring, in line with the normal pace, while 5% was setting bolls, 1% below the average. The crop condition saw a 1-point drop in the good-to-excellent category, now at 47%. The Brugler500 index dropped by 1 point to 327 due to a slight increase in the very poor category. Ratings in Texas held steady at 303, while Georgia dropped by 1 point.
On Monday, The Seam reported sales of only 399 bales in its online auction, with an average price of 60.56 cents per pound. The Cotlook A Index was unchanged at 77.55 on June 23. ICE cotton stocks were also unchanged on June 23, with certified stock levels at 62,332 bales. The USDA's Adjusted World Price (AWP) increased by 1 point last week to 54.03 cents per pound and remains effective through Thursday.