Latest news with #USDACropProgressReport
Fibre2Fashion
2 days ago
- Business
- Fibre2Fashion
ICE cotton gains as US-EU pact lifts mood, oil adds support
ICE cotton futures closed higher on Monday following the announcement of a trade deal between the US and the European Union. The development lifted overall sentiment in the grain market. However, the EU is not a major buyer of US cotton due to its limited spinning capacity. Rising crude oil prices also supported US cotton, as higher oil prices tend to increase the cost of polyester fibre, making cotton relatively more attractive. ICE's most active December 2025 contract settled at 68.34 cents per pound (0.453 kg), up 0.11 cent. This marked the eleventh consecutive close around the 68-cent mark, indicating a stable and range-bound market. Other contracts settled 11 to 39 points higher. ICE cotton futures closed higher as a new US-EU trade deal lifted sentiment, though the EU remains a minor buyer of US cotton. Rising crude oil prices also supported cotton by making polyester more expensive. December 2025 cotton held near 68 cents/lb for an eleventh session. USDA rated 55 per cent of US cotton good-to-excellent. Brazil's July exports dropped 19 per cent year-on-year. Total trading volume reached 28,728 contracts, compared to 24,104 contracts cleared on Friday. ICE deliverable stocks remained unchanged at 21,617 bales as of July 25. The market responded positively to the newly announced trade agreement between the US and the European Union, reached on July 27. Under the deal, a 15 per cent tariff will be applied to EU goods exported to the US. Despite this, cotton prices remained largely within a narrow range, as the EU is not a key importer of US cotton. However, the overall boost to global sentiment helped lift commodity markets broadly. Stock markets responded more strongly, with the S&P 500 posting its sixth consecutive closing high and the Nasdaq also setting a record—reflecting a broader appetite for risk. Market analysts noted that the price uptick was mainly driven by the trade deal, with additional support coming from rising oil prices. NYMEX crude futures rose over 2 per cent on the day, fuelled by the US-EU deal and President Trump's decision to shorten the 50-day deadline for a resolution between Russia and Ukraine. Higher oil prices typically raise polyester costs, giving cotton a competitive edge. The weekly USDA Crop Progress Report, released after market close, showed 55 per cent of the US cotton crop rated good-to-excellent—down from 57 per cent the previous week but up from 49 per cent in the same week last year. Meanwhile, Brazil's Secretariat of Foreign Trade (Secex) reported that the country exported 111,707.33 tons of cotton in the first four weeks of July, averaging 5,879.33 tons per day—a 19 per cent decline from last July's daily average of 7,270.13 tons. As of the latest session, ICE cotton for December 2025 was trading at 68.23 cents per pound (down 0.11 cent). Cash cotton stood at 66.50 cents (up 0.64 cent). Other contract settlements were: October 2025 at 67.23 cents (down 0.17 cent), March 2026 at 69.63 cents (down 0.13 cent), May 2026 at 70.73 cents (down 0.13 cent), and July 2026 at 71.41 cents (down 0.21 cent). A few contracts remained unchanged, with no trades recorded. Fibre2Fashion News Desk (KUL)
Fibre2Fashion
15-07-2025
- Business
- Fibre2Fashion
ICE cotton rises on bargain buys, USDA boosts output forecast
ICE cotton futures gained on Monday, rebounding on bargain hunting and support from a rising grain market. The December contract marked its highest close since July 3. The market saw renewed buying interest in US cotton after reaching oversold levels. However, weaker crude oil prices exerted some downward pressure on the natural fibre. ICE's most active December 2025 contract settled at 68.12 cents per pound (0.453 kg), up 0.70 cent or 1.04 per cent. The contract traded within an 84-point range, between 67.36 and 68.20 cents. Over the past six sessions, it has remained within a 124-point range. Other cotton contracts closed with gains ranging from 21 to 65 points. ICE cotton futures rose on Monday, lifted by bargain hunting and gains in grain markets, with December closing at 68.12 cents/lb. The USDA raised US cotton output to 14.6 million bales for 2025â€'26. Despite pressure from weaker crude, improved crop conditions and stable demand supported prices. Speculators increased net short positions, while trading volumes rose to 28,671 contracts. Crude oil prices declined slightly, weighing on the broader commodity complex. Trading volume stood at 28,671 contracts on July 14, compared to 25,669 contracts on July 12. The average daily volume last week was 28,342 contracts. Certificated cotton stocks declined by 824 bales to 34,509 bales due to decertification on Friday. Market analysts noted that cotton prices are rising due to oversold conditions following USDA data, with additional support from gains in grain markets. Cotton is likely to remain within the range of 67 to 68.5 cents per pound. The USDA's July WASDE report projected US 2025–26 cotton ending stocks at 4.6 million bales, an increase of 300,000 bales from June. Production is estimated at 14.6 million bales, up 600,000 from last month and higher than 2024's 14.4 million bales. Demand remains unchanged, making the report neutral to bearish. Speculators increased their net short positions in ICE cotton futures and options by 1,746 contracts, reaching 56,887 contracts as of July 8, according to CFTC data. Chicago wheat, corn, and soybean markets recovered on bargain buying after Friday's sharp decline, which also supported sentiment in the cotton market. According to the USDA Crop Progress Report released on July 15, 54 per cent of the cotton crop was rated in good/excellent condition, up from 52 per cent last week and 45 per cent a year ago. Squaring reached 61 per cent (5-year average: 62 per cent), while setting bolls was at 23 per cent (5-year average: 22 per cent). Currently, ICE cotton for December 2025 is trading at 68.04 cents per pound (down 0.08 cent), cash cotton at 65.16 cents (up 0.21 cent), the October 2025 contract at 66.46 cents (up 0.05 cent), the March 2026 contract at 69.26 cents (down 0.14 cent), the May 2026 contract at 70.34 cents (down 0.05 cent), and the July 2026 contract at 70.97 cents (down 0.18 cent). A few contracts remained at their previous closing levels, with no trades recorded today. Fibre2Fashion News Desk (KUL)
Fibre2Fashion
01-07-2025
- Business
- Fibre2Fashion
ICE cotton slumps as US planting exceeds expectations
ICE cotton futures declined sharply on Monday as higher-than-expected US cotton planting intentions dampened market sentiment. The larger-than-expected acreage estimate triggered a bearish tone in the market. ICE's most active December 2025 contract settled at 68.13 cents per pound (0.453 kg), down 1.19 cents or 1.7 per cent. ICE cotton futures dropped as higher-than-expected US planting intentions weighed on sentiment, with December 2025 contracts falling 1.7 per cent. USDA estimated 2025 acreage at 10.12 million acres, above market expectations. Despite this, improved crop quality and planting progress support a stable outlook. Traders now eye weather and export trends. According to ICE data, deliverable stock for the No. 2 cotton contract stood at 45,110 bales as of June 27, down from 51,495 bales in the previous session—a potentially supportive but overlooked factor. The USDA's planting intentions report estimated 2025 cotton acreage at 10.12 million acres, higher than the market estimate of 9.73 million acres, though still below the actual figure of 11.183 million acres in 2024. Prior to the USDA report, cotton futures were already showing weakness due to profit-taking after five consecutive sessions of gains. After market close, the USDA Crop Progress Report showed an improvement in crop quality, with 51 per cent of US cotton rated good to excellent, up from 47 per cent last week and 50 per cent at the same time last year. Planting progress reached 95 per cent, compared to 92 per cent last week, 97 per cent during the same period last year, and a five-year average of 98 per cent. The improvement in crop quality and near-complete planting progress indicate stable production conditions despite a small lag. Traders will now closely monitor weather patterns, crop development, and export trends to reassess the short-term outlook. As of now, ICE cotton for December 2025 is trading at 68.45 cents per pound (up 0.32 cent). Cash cotton settled at 66.43 cents (down 1.12 cent), the July 2025 contract at 68.02 cents (up 1.74 cent), the October 2025 contract at 68.04 cents (up 0.36 cent), the March 2026 contract at 69.72 cents per pound (up 0.26 cent), and the May 2026 contract at 70.72 cents (up 0.22 cent). A few contracts remained at their previous closing levels, with no trading recorded today. Fibre2Fashion News Desk (KUL)
Yahoo
23-04-2025
- General
- Yahoo
Residents advised not to plant more Bradford pear trees
SIOUX CITY, Iowa (KCAU) — While the Callery pear tree (also known as the Bradford pear tree) may look and smell nice, local experts are encouraging residents to not plant this invasive tree. 'The problem with Bradford pears, it's way overused,' said Gene Maffit with the South Sioux City Parks & Recreation Department. 'It's a nice tree, but it's way overused and it is susceptible to diseases just like most trees are. But when you plant a tree that's over-planted like the ash tree or the palm tree was back in the seventies, when you get a disease for those trees, it wipes them all out.' USDA Crop Progress Report for Siouxland states for April 21, 2025 The Bradford pear tree is considered an invasive species due to the fact that they reduce biodiversity and cause other kinds of ecological damage across the entire country, even making it illegal to own in some states. Lindsay Meylor with Iowa State University Extension and Outreach says it used to be a popular tree to plant back in the day, but it quickly got out of hand. '20 years ago, it was a big push to plant them because they're so pretty and they flower nice,' Meylor said. 'But now they've just become so invasive that they are out-competing the other native species, especially in woodland areas. They make it hard for the natives to thrive, and because they produce such good fruiting bodies that are carried by those birds and other pollinators, they spread quicker, more quickly than we thought they would.' Callery pear trees were once thought to be sterile, but only if planted far away from other Callery pear trees. Iowa Gov. Reynolds signs bill to help 2024 flood, tornado victims Meylor wants residents to know that there are plenty of good choices if you're interested in planting a tree. 'Good options would be anything that flowers,' Meylor said. 'If you're looking to replace that flowering tree, dwarf crab apples, service berries, wild plums of red buds are a good option. They're more suitable for this area.' For more advice on native trees that will suit your property, reach out to your local Iowa State University Extension and Outreach office. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-04-2025
- Business
- Yahoo
USDA Crop Progress Report for Siouxland states for April 21, 2025
SIOUX CITY, Iowa (KCAU) — Another planting season is officially underway in the Siouxland states as the United States Department of Agriculture released their latest crop progress report on April 21. As of April 20, Iowa has planted 18% of the corn crop along with 11% of soybeans. That's well ahead the five-year average of 7% and 3%, respectively. Work on Sioux City Marina continues after amendment to contract The crop insurance initial plant date has not yet passed for soybeans in the Siouxland portions of Nebraska or South Dakota according to Farm Credit Services of America, but it's coming up on Friday, April 25. In the meantime, Nebraska has planted 8% of the corn crop, and South Dakota has planted 7%. The USDA Crop Progress Report is released every Monday afternoon during the growing season. The next report is set to be released on April 28. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
