Cotton futures saw losses of 40 to 60 points across the front months on Tuesday. May expires on Wednesday. Crude oil prices are rallying back, up $1.96/barrel. The US dollar index was down $0.570 to $99.070.

Crop Progress data showed 21% of the US cotton crop planted as of 5/4, faster than the 20% average planting pace. That does lag the 23% pace from last year. Planting in TX was 3 points ahead of average at 25%, with GA at 13% planted.

Census data shows cotton exports excluding linters totaling 1.834 million bales for March, which was up 31.45% from February and 12.24% larger than the same month in 2024.

The 5/52 online auction from The Seam showed sales of just 24 bales at an average price of 63 cents/lb. The Cotlook A Index was down 25 points on Friday at 77.25. ICE cotton stocks were down 528 bales on May 5 due to decertification, with a certified stocks level of 14,049 bales. USDA’s Adjusted World Price (AWP) was up 6 points last week to 54.94 cents/lb. 

May 25 Cotton  closed at 71.94, up 159 points,

Jul 25 Cotton  closed at 67.83, down 59 points,

Dec 25 Cotton  closed at 69.52, down 46 points

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