Mp_cn206 May 9, 2025 Weekly Cotton Market Review Spot quotations averaged 89 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 64.83 cents per pound for the week ending Thursday, May 8, 2025. The weekly average was up from 63.94 cents last week but down from 70.01 cents reported the corresponding period a year ago. Daily average quotations ranged from a high of 65.49 cents on Monday, May 5 to a low of 63.80 cents on Thursday, May 8. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended May 8 totaled 8,945 bales. This compares to 16,449 reported last week and 4 bales reported the corresponding week a year ago. Total spot transactions for the season were 947,019 bales compared to 816,120 bales the corresponding week a year ago. The ICE July settlement price ended the week at 66.69 cents, compared to 65.66 cents last week. Southeastern Markets Regional Summary Spot cotton trading was slow. Supplies and offerings were light. Demand was moderate. Average local spot prices were higher. Trading of CCC-loan equities was inactive. Sunny to cloudy conditions dominated the weather pattern across the lower Southeast during the period. Daytime high temperatures were in the upper 70s to 80s with nighttime lows in the 50s and 60s. Widespread rainfall brought moisture to areas throughout Alabama, portions of the Florida Panhandle, and areas of north Georgia. Precipitation totals measured from trace amounts to around one to two inches of moisture. The moisture led to a decrease in droughty conditions in areas that received the heaviest rainfall totals. Planting and fieldwork advanced in areas where dry conditions allowed. Variable clouds with scattered thunderstorms were observed across the upper Southeast region during the period. Daytime high temperatures were mostly in the 80s. Nighttime low temperatures were in the 50s and 60s. Widespread showers brought moisture to areas of the central Carolinas and eastern Virginia throughout the week. Rainfall totals measured from trace amounts to around one inch of moisture. Droughty conditions were improved in areas of the Carolinas that received moisture, according to the U.S. Drought Monitor, but expanded across the Coastal Plain of South Carolina. Fieldwork and planting activity advanced as dry conditions allowed. Textile Mill Domestic mill buyers inquired for a moderate volume of color 42 and 51, leaf 5, and staple 32 for third and fourth quarter 2025 delivery. No sales were reported. The undertone from mill buyers remained cautious. Raw cotton demand was balanced with yarn orders. Demand through export channels was moderate. Agents throughout the Far East inquired for any discounted styles of cotton. Trading � A moderate volume of color mostly 31 and 41, leaf 3 and 4, staple 35 and 36, mike 43-49, strength 28-32, and uniformity 79-82 sold for around 64.00 cents per pound, FOB car/truck, Georgia terms (Rule 5, compression charges paid, 30 days free storage). South Central Markets Regional Summary North Delta Spot cotton trading was inactive. Supplies of available cotton were light. Demand was very light. Average local spot prices were higher. Trading of CCC-loan equities was inactive. No forward contracting was reported. Daytime high temperatures were in the 70s. Overnight low temperatures were in the 50s to 60s. Mostly cloudy skies brought scattered thunderstorms to several cotton growing areas. Accumulated precipitation totals measured from trace amounts to two and one-half inches of moisture. According to the National Weather Service, flood warnings continued in parts of Southeastern and Southwestern Arkansas. Excessive runoff impacted the variance of topsoil supplements. Local experts reported inclement weather slowed cotton emergence. In western Tennessee, cotton planting was underway. According to the National Agricultural Statistics Service�s Crop Progress report released on May 5, planting advanced to 13 percent in Arkansas, 17 in Missouri, and 29 percent in Tennessee. Saturated soils hindered planting in a few locales, but high wind gusts assisted in drying fields. Fertilizer applications were accomplished between rains where soils were firm enough to support equipment. Virtual and in-person industry meetings were being planned and attended at state and national levels. 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. Mostly cloudy conditions with moderate precipitation dominated the weather pattern throughout the reporting period. Up to three inches of moisture was reported in most areas. Daytime high temperatures were in the 70s to 80s. Overnight low temperatures were in the 50s to 60s. River flood warnings remained in effect at many locales. Saturated soils hindered outdoor activities in a few areas all through the week, but high temperatures and gusty winds helped dry soils. According to the National Agricultural Statistics Service�s Crop Progress report released on May 5, cotton planting was at 18 percent in Louisiana and Mississippi. Producers closely monitored the cost of inputs and estimated income before planting. Virtual and in-person industry meetings were being planned and attended at state and national levels. 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 slow. 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. India, Pakistan, and Turkey made inquiries. Heavy thunderstorms swept through much of East Texas during the week, prompting flash flood warnings and tornado watches throughout the region. Daytime high temperatures persisted in the upper 70s and the low 80s, with overnight temperatures in the upper 50s to the mid-60s. Accumulated rainfall totals ranged from one and three-quarters of an inch up to nearly seven and one-half inches of precipitation during the six-day reporting period. Local experts reported light hail damage to stands in the Brazos River Bottoms. Planting progress was slowed by heavy downpours in some areas, but continued in areas where soils were firm enough to hold equipment. In South Texas, partly cloudy skies with scattered thunderstorms were observed. Daytime high temperatures were in the upper 80s to the low 90s, with nighttime low temperatures in the 70s. Planting continued in areas of the Upper Coast. Producers in Guadalupe, Gonzales, Lavaca, Colorado, Wharton, Fort Bend, Brazoria, and Matagorda counties aimed to finish planting ahead of the May 15 final planting deadline for crop insurance purposes. Additional rain would be beneficial to boost soil moisture and push stand development. Herbicide applications were made in the lower Rio Grande Valley (RGV) and areas of the Upper Coast and Coastal Bend. Local experts reported that pesticide treatments were applied to fields in the lower RGV to prevent aphid population growth. West Texas-Kansas-Oklahoma Spot cotton trading was active. Supplies were moderate. Demand was light. Producer offerings were 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. India, Pakistan, and Turkey made inquiries. In Texas, widespread thunderstorms brought up to two and one-half inches of precipitation to the region with daytime temperatures in the mid-50s to upper 80s and overnight lows in the 40s to 50s. Some locations received large hail stones and high winds. Planting was expected to begin in early to mid-May, but inclement weather, cool soil temperatures, and soggy fields delayed planting activities. Although ginning had been completed for the season, gin repairs were underway at most locations in preparation for processing the 2025-crop. According to the National Agricultural Statistics Service�s Texas Crop Progress and Condition report released on May 5, subsoil moisture condition by district was mostly short to adequate in the Northern High Plains; very short to short to adequate in the Southern High Plains; very short to short to adequate in the Northern Low Plains; and short to adequate to surplus in the Southern Low Plains. In Kansas, daytime temperatures were in the low 60s to mid-70s, and overnight lows were in the 30s to 50s. Rainfall received encouraged producers and helped with planting decisions. The stormy weather delayed applications of herbicide and fertilizer. Producers were eager to begin sowing but waited for soils to firm and optimal planting soil temperatures. In Oklahoma, thunderstorms brought up to 6 inches of welcomed rainfall to some cotton growing counties. The precipitation was encouraging because droughty conditions were eased, and chances increased for the availability of irrigation water during the season. Fieldwork was delayed because of flooded fields with daytime temperatures in the low 60s to mid-70s, and overnight lows in the 40s to 50s. Sunny conditions returned mid-period, and the fields began to firm. Trading East Texas/South Texas � A heavy volume of color 21, leaf 2 and 3, staple 38, mike averaging 42.5, strength averaging 32.5, and uniformity averaging 81.9 sold for around 71.50 cents per pound, FOB warehouse (compression charges not paid). West Texas, Kansas & Oklahoma � In Texas, an even-running lot containing a heavy volume of color 31 and better, leaf 3 and better, staple 35-36, mike 36-48, strength 28-32, and uniformity 78-82 sold for around 69.25 cents per pound, FOB car/truck (compression charges not paid). � An even-running lot containing a heavy volume of color 31 and better, leaf 2 and 3, staple 36, mike 37-50, strength 27-35, and uniformity 78-83 traded for around 66.25 cents, same terms as above. � In Oklahoma, lots containing a light volume of color 34 and better, leaf 3 and better, staple 34-37, mike 41-47, strength 26-33, uniformity 77-82, and 25 percent extraneous matter sold for around 60.25 to 60.75 cents, same terms as above. � A light volume of CCC-loan equities traded for 4.50 cents. Western Markets Regional Summary Desert Southwest (DSW) Spot cotton trading was active. 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 mostly sunny. Daytime highs began in the 70s and temperatures climbed into the triple digits. Light wind gusts toward the end of the week cooled nighttime low temperatures into the 40s and 50s. No rainfall was recorded during the period. Cotton planting gained momentum throughout Arizona. In Yuma, the crop continued to progress. According to the National Agricultural Statistics Service�s (NASS) Crop Progress report released on May 5, cotton planted in Arizona advanced to 62 percent, compared to last year�s 75, and the five-year average of 69 percent. In El Paso, TX and New Mexico, daytime highs were in the low 70s and 80s. Nighttime lows were in the 40s and 50s. Stray showers brought gusty winds to the region. In New Mexico, topsoil moisture conditions were 45 percent very short, 36 short, and 19 percent adequate, according to NASS. 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, mostly sunny skies with occasional cloudiness prevailed. A storm system brought light rain to the territory. Daily temperatures were in the 70s to the 90s. Nighttime lows were in the 50s and 60s. Fieldwork included fertilizer and pesticide applications. Cotton began to emerge. According to the National Agricultural Statistics Service�s California Crop Progress report released on May 5, cotton planted improved by 4 percent to 65 percent compared to this time last year in California. 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. In the San Joaquin Valley, the week began with cooler temperatures in the 70s but rebounded into the 90s by the end of the period. Nighttime lows were in the 50s and 60s. Planted acres were lower than the previous year. Insect pressure was light. Market prices were discouraging for producers. In the Desert Southwest, daily temperatures were in the 70s to the 90s. Nightly lows were in the 40s to the 70s. Planting gained momentum throughout Arizona. In Yuma, stands continued to progress and canopies developed. Planted acres in El Paso will be down due to a lack of irrigation. Trading Desert Southwest � Lots containing a heavy volume of mostly color 43 and better, leaf 5 and better, staple 35 to 39, mike 33-47, strength 30-36, and uniformity 78-82 sold for 67.00 cents per pound, FOB car/truck (compression charges not paid). � A lot containing color mostly 41 and better, leaf 6 and better, staple 33-37, mike 36-50, strength 27-33, and uniformity 78-82 sold for around 60.50 cents, same terms as above. San Joaquin Valley � No trading activity was reported. American Pima � No trading activity was reported.