The ICE cotton July 2025 contract settled at 67.55 cents per pound (0.453 kg), down 1.25 cents from the previous day. The contract has fallen by 162 points over the last two trading sessions. US cotton had already seen a decline last Friday. The December contract settled at 69.01 cents, down 0.96 cent on the day. Other contracts also recorded drops between 35 and 103 points.
ICE cotton futures declined further on April 28, 2025, pressured by favourable US crop weather and weaker Chicago grain markets.
The July 2025 contract fell by 1.25 cents to 67.55 cents per pound.
Beneficial rains in Texas improved crop prospects, dampening bullish sentiment.
US cotton planting reached 15 per cent, slightly ahead of the five-year average.
Trading volume was 40,502 contracts on Monday, compared to 35,260 contracts cleared on Friday. As of April 25, 2025, deliverable ICE No. 2 cotton stocks stood at 14,478 bales, unchanged from the previous day.
According to market analysts, around two-thirds of Texas areas received beneficial rainfall over the weekend, weighing on bullish sentiment. These rains improved crop prospects in the largest cotton-producing state of the US.
Chicago wheat futures fell on expectations of more rainfall in the dry Great Plains, with spillover pressure dragging down corn and contributing to bearish sentiment in cotton.
According to the USDA Weekly Crop Progress Report as of April 27, 2025, the US cotton planting rate stood at 15 per cent. It was 11 per cent the previous week, 14 per cent in the same period last year, and the five-year average is also 14 per cent.
Currently, ICE cotton for July 2025 is trading at 67.55 cents per pound (unchanged), cash cotton at 65.80 cents (down 1.25 cents), the May 2025 contract at 67.13 cents (up 0.75 cent), the October 2025 contract at 69.29 cents (down 1.03 cent), the December 2025 contract at 69.08 cents (up 0.07 cent), and the March 2026 contract at 70.22 cents per pound (up 0.09 cent). A few contracts remained at the level of the last closing, with no trading noted today.
Fibre2Fashion News Desk (KUL)
