Latest news with #WeeklyExportSalesReport
Fibre2Fashion
25-07-2025
- Business
- Fibre2Fashion
US Upland cotton sales dip sharply, but Pima up: USDA
Net sales of Upland cotton in the United States for the 2024–25 season recorded a minimum after adjustment for cancellations. Net sales totalled -32,700 running bales (RB), each weighing 226.8 kg (500 pounds), during the week ending July 17, 2025. This represents a sharp decline of 692 per cent from the previous week and 199 per cent from the prior four-week average. During the week, US cotton sales stood at 11,600 bales, while cancellations totalled 44,300 bales. After adjustment, the net figure stood at -32,700 bales. US net sales of Upland cotton for 2024â€'25 dropped sharply to -32,700 bales due to high cancellations, marking a 692 per cent weekly fall. Export shipments rose 18 per cent to 184,800 bales. Pima sales rose for both 2024â€'25 and 2025â€'26 seasons, though shipments fell 37 per cent. New season commitments were led by Vietnam, Pakistan, and Guatemala. According to the USDA Weekly Export Sales Report, the increases were reported for Vietnam (4,600 RB, including 1,700 RB switched from South Korea and decreases of 4,900 RB), Honduras (200 RB), Nicaragua (200 RB), Thailand (100 RB, including decreases of 200 RB), and Taiwan (100 RB). These were more than offset by reductions, primarily for Turkiye (13,500 RB), Pakistan (9,300 RB), South Korea (7,000 RB), Indonesia (3,300 RB), and Mexico (2,900 RB). Net sales of 132,600 RB for 2025–26 were primarily for Vietnam (42,800 RB), Pakistan (20,400 RB), Guatemala (19,700 RB), Thailand (16,400 RB), and Turkiye (16,400 RB), and were offset by reductions for Mexico (1,200 RB), Japan (300 RB), Nicaragua (200 RB), and Honduras (200 RB). Export shipments of 184,800 RB were up 18 per cent from the previous week but down 12 per cent from the prior four-week average. The primary destinations were Vietnam (46,700 RB), Pakistan (28,500 RB), Turkiye (22,000 RB), India (21,600 RB), and Bangladesh (18,400 RB). Net sales of Pima cotton totalling 5,500 RB for 2024–25 were up noticeably from both the previous week and the prior four-week average. Increases were primarily for Costa Rica (1,700 RB), China (1,400 RB), Pakistan (900 RB), India (800 RB), and Thailand (400 RB). Net sales of 17,400 RB for 2025–26 were reported for Vietnam (13,100 RB), India (2,500 RB), Peru (1,000 RB), China (400 RB), and Bangladesh (300 RB). Export shipments of 5,000 RB were down 37 per cent from the previous week and 55 per cent from the prior four-week average. The main destinations were Peru (2,500 RB), India (1,600 RB), Thailand (300 RB), Indonesia (300 RB), and Guatemala (100 RB). Fibre2Fashion News Desk (KUL)
Fibre2Fashion
05-06-2025
- Business
- Fibre2Fashion
ICE cotton drops on US rains, early Indian monsoon
ICE cotton futures closed lower on Wednesday amid a tight trading range. Favourable weather in US cotton-growing regions and an early Monsoon in India sent bearish signals to the market. Good weather in the US is expected to improve crop prospects, while India's early Monsoon may enhance cotton output, potentially reducing demand for US cotton in the next season. Traders are now awaiting the US cotton export sales report due today. The ICE cotton July 2025 contract settled at 64.99 cents per pound (0.453 kg), down 1.06 cents, or 1.6 per cent, from the previous day. The decline reflected a bearish tone driven by improved planting conditions. The December 2025 contract settled at 67.77 cents, down 76 points, although it recorded a weekly net gain of 2 points, suggesting moderate long-term support. The July contract registered a weekly decline of 7 points. ICE cotton futures fell on Wednesday as favourable US weather and early Monsoon rains in India signalled improved global crop prospects, dampening demand expectations for US cotton. The July 2025 contract dropped 1.6 per cent, while trading volumes declined. Analysts anticipate a boost in US planting and reduced Indian import needs. Traders await the USDA export sales report for further cues. Cotton prices have remained trapped in a tight 15-session range, highlighting market indecisiveness and the absence of fresh bullish drivers. Trading volume on June 4 was 45,927 contracts, significantly lower than the previous day's cleared volume of 59,818 contracts, indicating reduced speculative activity. As of June 3, ICE-certified deliverable cotton stocks for the No. 2 contract remained unchanged at 53,700 bales, reflecting stable warehouse conditions. According to market analysts, West Texas is expected to receive highly favourable rainfall over the next week—sufficient to benefit planting and increase the sown area. Texas farmers are forecast to experience the most favourable rainfall in several years, a development typically associated with improved crop prospects and, consequently, downward pressure on prices. The short-term weather outlook in the US remains bearish for the market, as it supports better crop establishment and reduces weather-related risk premiums. In India, Monsoon rains have begun early and are performing well, raising expectations for a strong 2025 cotton crop. As one of the world's largest producers and consumers of cotton, India's improved crop outlook could reduce its import dependency, thereby hurting demand for US exports and weighing on the global price competitiveness of American cotton. Market participants are now awaiting the USDA Weekly Export Sales Report, due on Thursday, to assess demand strength—particularly from key buyers such as Vietnam, China, and Bangladesh. Presently, ICE cotton for July 2025 is being traded at 64.73 cents per pound (down 0.26 cent), cash cotton at 63.24 cents (down 1.14 cent), the October 2025 contract at 67.41 cents (down 0.70 cent), the December 2025 contract at 67.58 cents (down 0.19 cent), the March 2026 contract at 69.07 cents per pound (down 0.17 cent), and the May 2026 contract at 70.12 cents (down 0.15 cent). A few contracts remained unchanged, with no trading recorded today. Fibre2Fashion News Desk (KUL)
