27.05.2025

ICE cotton futures fluctuated around unchanged yesterday helped along with early tailwinds on news of some improvement in US-EU trade talks only to stall and eventually finish near the session lows. Not much cotton specific news are available. Meanwhile, we continue to hear about good export activity in southern hemisphere growths, particularly Australia’s lower grades. After the close, the USDA Crop Progress report showed the US is now 52% planted as compared to 40% last week and the five-year average of 56%. The laggards continue to be in the Midsouth where Mississippi is only 43% planted v. 31% last week and the five-year average of 77%, Alabama 55% v. 42% last week and five-year average of 76%, and Arkansas 74% v. 60% last week and 81% for the five-year average. Cotton was squaring on only 3% of area v. 4% last year.