Mp_cn812 June 20, 2025 Weekly Cotton Market Review Spot quotations averaged 78 points higher than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton and Tobacco Program. Quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0 - 28.9, and uniformity 81.0 - 81.9) in the seven designated markets averaged 63.49 cents per pound for the week ending Thursday, June 19, 2025. The weekly average was up from 62.71 cents last week but down from 64.29 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 62.54 cents on Friday, June 13 to a high of 63.94 cents on Monday, June 16. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended June 19 totaled 2,489 bales. This compares to 5,266 reported last week and 378 bales reported the corresponding week a year ago. Total spot transactions for the season were 970,208 bales compared to 834,015 bales the corresponding week a year ago. The ICE Oct settlement price ended the week at 66.11 cents, compared to 65.52 cents last week. Southeastern Markets Regional Summary Spot cotton trading was moderate. Supplies and offerings were light. Demand was moderate. Average local spot prices were higher. Trading of CCC-loan equities was inactive. No interest in forward contracting was reported. Sunny to overcast conditions were observed across the lower Southeast during much of the period. Daytime high temperatures were in the 80s and 90s. Nighttime lows were in the 60s and 70s. Widespread thunderstorms brought rainfall to the region throughout the week. Precipitation totals measured from one to two inches, with some areas recording heavier amounts. Soils remained saturated in many fields, and planting lagged slightly behind 5-year average. According to the National Agricultural Service’s (NASS) Crop Progress report released on June 16, planting was at 92 percent completed in Georgia, and 91 percent complete in Alabama. Squaring advanced in the earliest planted fields. Sunny to partly cloudy conditions prevailed across the upper Southeast during the period. Daytime high temperatures were in the 80s and 90s. Nighttime lows were in the 70s. Scattered thunderstorms brought widespread precipitation to the region during the week. Precipitation totals measured from one to four inches of moisture. Soils remained too soggy to support equipment in many areas. According to NASS, planting was 99 percent completed in South Carolina, 94 in Virginia, and 91 percent completed in North Carolina. Squaring advanced at a good pace in the earliest planted fields. Textile Mill Domestic mill buyers inquired for a moderate volume of color 41, leaf 4 and better, and staple 34 and longer for January through September 2026 delivery. No sales were reported. The undertone from mill buyers remained cautious. Mill buyers balanced raw cotton purchases with demand for yarn. Demand through export channels was moderate. Agents for mills throughout the Far East inquired for any discounted styles of cotton. Trading • Even-running lots containing color 31 and 41, leaf 3 and 4, staple 36 and 37, mike 37-49, strength 27-30, and uniformity 80-83 sold for around 68.25 cents per pound, FOB car/truck (Rule 5, compression charges paid). South Central Markets Regional Summary North Delta Spot cotton trading was inactive. Supplies of available cotton were light. Demand was very light. Trading of CCC-loan equities was inactive. Average local spot prices were higher. There was no interest in forward contracting. Daytime high temperatures were in the 80s to 90s. Overnight lows were in the 70s. Partly cloudy skies and scattered thunderstorms brought excessive rainfall to the region. The area received up to five and three-quarter inches of moisture. Plentiful sunshine in the nearby forecast will help crop conditions improve. Local experts reported elevated plant bug activity in Northeastern Arkansas. Field maintenance such as replanting, fertilizer applications, and weed control were done where fields were firm enough to support equipment. Everything has been planted, and cotton acreage is expected to be down compared to previous years. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released on June 16, cotton squaring was at 15 percent in Arkansas, 17 in Missouri, and 10 percent in Tennessee. NASS reported crop condition as mostly fair to good in Arkansas, Missouri, and Tennessee. The 101st American Cotton Shippers Association’s Annual Convention was held at the Eau Palm Beach Resort & Spa on June 16-18 in Manalapan, Florida. South Delta Trading of spot cotton and CCC-loan equities was inactive. Supplies of available cotton were light. Demand was very light. Average local spot prices were higher. There was no interest in forward contracting. Cloudy skies brought occasional thunderstorms to the territory during the reporting period. Flood advisories continued. Some areas received as much as six and one-quarter inches of precipitation. Daytime highs were in the 80s and climbed into the 90s. Overnight lows were in the 70s. No plant bug activity was reported. Weed control issues were on the rise as heavy precipitation has left water levels elevated in low-lying fields. Growers patiently waited for the abundant sunshine anticipated in the nearby forecast to help dry out stands. Outdoor activities consisted of replanting and applying fertilizer where needed. According to the NASS Crop Progress report released on June 16, cotton squaring was at 27 percent in Louisiana and at 7 percent in Mississippi. NASS reported cotton condition was mostly fair to good in Louisiana and Mississippi. The 101st American Cotton Shippers Association’s Annual Convention was held at the Eau Palm Beach Resort & Spa on June 16-18 in Manalapan, Florida. Trading North Delta • No trading activity was reported. South Delta • No trading activity was reported. Southwestern Markets Regional Summary East Texas-South Texas Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was light. Average local spot prices were higher. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. Foreign mill inquiries were light. Interest was best from Korea, Turkey, and Vietnam. In East Texas, sunshine and dry weather conditions returned to the region following heavy thunderstorms early in the period. Daytime high temperatures were in the low to mid-90s, with overnight lows in the low to mid-70s. Accumulated rainfall totals ranged from trace amounts to over one inch of moisture in some locales. Stands continued to progress and more squares were developing. Local experts monitored fleahopper activity in fields in areas of the Central Blacklands and Brazos River Bottoms. Fieldwork was active as producers applied pesticides and herbicides to combat weeds that have sprung up after persistent wet weather conditions. In South Texas, sunny and partly cloudy skies were interrupted by heavy, intermittent showers in some parts of the region during the period. Daytime high temperatures ranged from the upper 80s to the mid-90s. Nighttime low temperatures were in the upper 70s to the low 80s. Recorded moisture totals ranged from one-quarter of an inch up to three inches of precipitation in some locales. Additional chances for precipitation remained in the forecast for the coming days for much of the South Texas region. In the Upper Gulf Coast region, plants were blooming and putting on bolls. Local experts in the Coastal Bend recommended pesticide treatments be applied in fields where necessary. Stands in areas of the Mid-Coast ranged from early bloom to cutout. Some stink bug damage was reported. In the lower Rio Grande Valley, stands continued to progress, and bolls were filling out. Fieldwork was light early in the period due to rainfall in the lower RGV, but producers made applications of pesticides and herbicides as weather permitted. West Texas-Kansas-Oklahoma Spot cotton trading was slow. Supplies and producer offerings were light. Demand was very light. Average local spot prices were higher. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. Foreign mill inquiries were light. Interest was best from Korea, Turkey, and Vietnam. In Texas, daytime high temperatures in the 90s climbed into the 100s mid-week before a cold front provided slight relief from the intense heat across the region. Overnight lows were in the 60s to 70s. Scattered showers across areas of the Southern High Plains produced hail and severe weather conditions in isolated areas. Fieldwork was very active. Producers applied herbicides for weeds popping up after rainfall, pesticide applications were made, and row beds were rebuilt due to strong winds. Some replanting was underway in fields that suffered hail and wind damage from recent weather events. Industry meetings were planned and attended. In Kansas, daytime temperatures lingered in the low 80s to upper 90s, and overnight lows were in the 60s to the 70s. Persistently wet and windy weather has become an issue in some areas, resulting in less than desirable conditions for stand development. Fieldwork was hampered due to standing water and muddy soil conditions that prevented producers from moving equipment through fields. Some acres are expected to be zeroed out by crop insurance adjusters and replanted to other commodities. Dry and hot conditions are needed for stands to advance and improve the producer outlook for the season. In Oklahoma, the wet weather trend continued, with isolated thunderstorms bringing moisture to portions of the state. Daytime temperatures were in the low to upper 90s, with overnight lows in the upper 60s to the mid-70s. Stands continued to progress. Producers applied herbicides to combat weeds after rainfall. No immediate pest pressures were reported as recent rainfall helped keep pests to a minimum, but producers monitored early season thrip populations as needed. Trading East Texas/South Texas • No trading activity reported. West Texas, Kansas & Oklahoma • In Texas, a lot containing a light volume of color 31, leaf 2 and 3, staple 35 and 36, mike averaging 42.4, strength averaging 31.3, and uniformity averaging 80.3 sold for around 62.00 cents per pound, FOB car/truck (compression charges not paid). • A lot containing a light volume of color 21 and 31, leaf 2 and 3, staple 32-34, mike averaging 47.3, strength averaging 28.2, and uniformity averaging 79.2 traded for around 56.00 cents, same terms as above. • In Kansas, a lot containing a light volume of color 51, 52, and 53, leaf 4-6, staple 34-36, mike averaging 42.1, strength averaging 29.9, uniformity averaging 80.3, and containing 75 percent extraneous matter traded for around 55.75 cents, same terms as above. • In Oklahoma, a lot containing a moderate volume of color 41, leaf 3 and 4, staple 31-36, mike averaging 43.9, strength averaging 33.2, and uniformity averaging 82.3 sold for around 61.00 cents, same terms as above. Western Markets Regional Summary Desert Southwest (DSW) Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was light. Producer interest in forward contracting was light. Average local prices were higher. No forward contracting or domestic mill activity was reported. Foreign mill inquiries were light. In Arizona, weather conditions were clear, sunny, and hot. Daily temperatures have been in the triple-digits for 15 or more consecutive days, ranging from 107 to 113 degrees. Nightly lows were in the mid-to-upper 70s and lower 80s. Extreme heat warnings were issued throughout the territory. No rain was recorded. In Safford and Central Arizona, crop stages varied due to oscillating temperatures during planting season, which affected plant development. Producers have noted that water supplies may be a challenge with the hot temperatures, but hopefully monsoon season will bring some much-needed moisture. Overall, the crop progressed well. In Yuma, AZ, blooming expanded and no pest pressure was reported. In New Mexico and El Paso, TX, weather conditions were clear and sunny. Daily temperatures were in the triple-digits, breaking record highs in some locales. Nighttime lows were in the 70s. Gusty winds entered the area mid-week prompting Red Flag warnings. Trace amounts of rain were recorded. The overall crop progressed well. San Joaquin Valley (SJV) Spot cotton trading was inactive. Supplies and demand were light. No forward contracting or domestic mill activity was reported. Average local prices were higher. Foreign mill inquiries were light. In the SJV, daily temperatures throughout the period ranged from the upper 90s to the low 100s. Nighttime lows were in the 50s and 60s. Squaring advanced, and fields were scouted for pests. Some heavy lygus pressure was reported and treated where necessary. Fields were receiving first irrigations. According to National Agricultural Statistics Service’s Crop Progress report released on June 16, the California crop was at 15 percent squaring and in excellent condition. American Pima (AP) Spot cotton trading was inactive. Supplies were moderate. Demand was light. No forward contracting or domestic mill activity was reported. Average local spot prices were steady. Foreign mill inquiries were light. Weather conditions in the San Joaquin Valley were warm with daytime highs reaching into the triple-digits. Nightly lows were in the 50s and 60s. Squaring advanced and first irrigations were taking place in some fields. Heavy lygus pressure was reported in some locales and treated where necessary. In Arizona, extreme heat warnings were issued as temperatures continued to be in the triple-digits, and have been, for more than 15 consecutive days. Nightly lows were in the 70s and 80s. In Yuma, AZ blooming expanded. In New Mexico and West Texas, daily temperatures were in the triple-digits, breaking record highs in some locales. Nighttime lows were in the 70s. Gusty winds prompted Red Flag warnings. Trace amounts of rain were recorded. Overall, the crop progressed well. Trading Desert Southwest • No trading activity was reported. San Joaquin Valley • No trading activity was reported. American Pima • No trading activity was reported. Save the Date: The Visalia Classing Office will host the annual American Pima Guide Box Matching on July 16, 2025. Cotton & Wool Outlook The following information was excerpted from the Economic Research Service’s Cotton and Wool Outlook report, released on June 16, 2025 U.S. cotton demand (exports plus mill use) for 2025/26 remains projected at 14.2 million bales this month, 1.0 million bales above the revised higher 2024/25 estimate. U.S. cotton exports— forecast at 12.5 million bales in 2025/26—are nearly 9 percent above 2024/25, with the projected increase attributable to a larger U.S. cotton supply expectation and a higher foreign import demand forecast. However, other producers, such as Brazil, will continue to compete with the United States for global cotton trade share. A slight rebound in the 2025/26 U.S. share to 28 percent is projected, but the share remains below recent previous years that averaged 32 percent (figure 4). U.S. cotton exports are forecast to account for 88 percent of U.S. cotton demand in 2025/26, slightly above the 2022/23–2024/25 average of nearly 86.5 percent. U.S. cotton mill use contributes the remaining share with the United States a key exporter of yarn and fabric for apparel production elsewhere. U.S. mill use is forecast at 1.7 million bales in 2025/26, equal to 2024/25 and one of the lowest levels on record.