The ICE cotton July 2025 contract settled at 66.37 cents per pound (0.453 kg), up 0.25 cent from the previous day. Other contracts also recorded gains in the market. ICE cotton was trading positively today as well.
The weaker US dollar boosted the competitiveness of US agricultural exports globally. However, market sentiment remained cautious due to ongoing uncertainty around trade policy and tariffs.
ICE data showed deliverable cotton inventory at 14,478 bales as of April 15, unchanged from the previous day.
Market analysts said that expected rainfall in Texas and continued tariff issues are bearish factors for cotton in the short term. Traders are now focused on the upcoming USDA weekly export sales report for insights into US cotton demand.
US stocks declined sharply, with Nvidia’s drop and comments from Powell on slowing economic growth affecting broader sentiment.
Brazil’s IBGE reported that cotton planting for 2025 is projected at 2.12 million hectares, up 4.4 per cent from last month. Brazil’s estimated cotton output is now 9.07 million tons, slightly higher than previous estimates and last year’s production.
As of now, ICE cotton for May 2025 is trading at 66.16 cents per pound (up 0.37 cent), cash cotton at 63.54 cents (up 0.71 cent), the July 2025 contract at 66.83 cents (up 0.46 cent), the October 2025 contract at 68.26 cents (up 0.26 cent), the December 2025 contract at 68.20 cents (up 0.29 cent), and the March 2026 contract at 69.32 cents per pound (up 0.29 cent). A few contracts remained at the previous closing level, with no trading activity noted today.
ALCHEMPro News Desk (KUL)
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