International Cotton Market

03-May-2025 08:12 AM

International Cotton Market
ICE cotton futures rallied on Friday, with contracts rising between 228 and 275 points, nearing the 3-cent limit. The May delivery contract (which is not subject to limits) surged 457 points. This Friday rally narrowed weekly losses for July contracts to just 39 points.
Crude oil prices were under pressure, dropping 80 cents amid speculation about a potential increase in OPEC output. The U.S. Dollar Index fell $0.189 to 99.840.
According to the Friday Commitment of Traders report, speculators reduced their net short position by 11,206 contracts, bringing the total to 26,231 contracts as of Tuesday.
Cotton export commitments stand at 10.968 million running bales (RB), down 4% from the same time last year. However, this represents 108% of the USDA export forecast and is ahead of the 106% average sales pace.
At The Seam’s Thursday online auction, 1,752 bales were sold at an average price of 66.20 cents per pound.
The Cotlook A Index dropped 50 points on Thursday to 77.50.
ICE cotton certified stocks rose by 99 bales on May 1 to a total of 14,577 bales.
The USDA’s Adjusted World Price (AWP) increased by 6 points on Thursday afternoon to 54.94 cents per pound and will remain in effect through next Thursday.