Mp_cn812 March 14, 2025 Weekly Cotton Market Review Spot quotations averaged 178 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 62.83 cents per pound for the week ending Thursday, March 13, 2025. The weekly average was up from 61.05 cents last week, but down from 89.25 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 62.50 cents on Monday, March 10 and Tuesday, March 11 to a high of 63.52 cents on Wednesday, March 12. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended March 13 totaled 22,838 bales. This compares to 12,601 reported last week and 11,320 bales reported the corresponding week a year ago. Total spot transactions for the season were 791,186 bales compared to 792,478 bales the corresponding week a year ago. The ICE May settlement price ended the week at 66.53 cents, compared to 65.21 cents last week. Southeastern Markets Regional Summary Spot cotton trading was slow. Supplies and offerings were moderate. Demand was moderate. Average local spot prices were higher. Trading of CCC-loan equities was inactive. Rain showers over the weekend tapered off entering the week before additional shower activity returned later in the period across central Alabama and Georgia. Partly sunny skies were observed around mid-week. Daytime high temperatures were mostly in the 60s and 70s, with nighttime lows mostly in the 40s and 50s. A heavier band of shower activity moved across south Alabama and the Florida Panhandle traveling from the Gulf to Atlantic coastal regions. Weekly accumulated precipitation totals measured from trace amounts to one inch with heavier accumulations of around one to two inches in the most southerly areas. Near or above-normal precipitation was observed in most areas and enough rain fell from Alabama through the northern tier of Florida and Georgia to prompt improvement in areas of dry conditions, according to the U.S. Drought monitor. Ginning was essentially completed for the season. The weekend started sunny and clear but gave way to a mix of showers and clouds as the week progressed across the upper Southeast. Daytime temperatures varied from the 80s to the 70s throughout the week. Nighttime lows were mostly in the 40s. A moderate weather system moved across South Carolina and eastern North Carolina early in the period. Rainfall totals measured around one-half of an inch to one inch of moisture. Producers welcomed the moisture which helped ease droughty conditions in areas that received rainfall; some moisture degradations were noted in areas that missed rainfall according to the U.S. Drought Monitor. Textile Mill Domestic mill buyers inquired for a volume of color 41, leaf 4, and staple 34 and longer for June December 2025 delivery. No sales were reported. Mill buyers maintained a cautious undertone as they balanced yarn production schedules with finished product orders. Demand through export channels was moderate. Agents or mills and Mexico and Vietnam inquired for a moderate volume of color 42 and 51, leaf 3, and staple 34 and longer for July through September shipment. No sales were reported. Trading • A moderate volume of color mostly 31 and 41, leaf 4, staple 36, mike 43-46, strength 27-29, and uniformity 80-82 sold for around 67.00 cents per pound, FOB car/truck (Rule 5, compression charges paid). • A light volume 2023-crop CCC-catalog cotton containing color 31, 41, 42, 33, and 43, leaf 4 and better, staple 35-39, mike 37-43, strength averaging 30.0, and uniformity averaging 81.5 sold for around 40.75 cents, FOB warehouse (compression charges not paid). South Central Markets Regional Summary North Delta Spot cotton trading was slow. Supplies of available cotton and demand were light. Average local spot prices were higher. Trading of CCC-loan equities was inactive. No forward contracting was reported. Sun and clouds mixed with the occasional rain shower was observed across the region during the period. Daytime high temperatures were mostly in the 70s with nighttime lows in the 50s and 60s. Light scattered rainfall was received across the region and breezy conditions prevailed at times. Weekly accumulated rainfall totals measured from around one-half of an inch to two inches of moisture in localized areas. Producers considered spring planting options and fieldwork was getting underway in some areas where soils were firm enough to support equipment. Producers were cautiously monitoring the development of dangerous severe storm outbreak packs that could bring significant tornado and widespread wind damage to the south. South Delta Spot cotton trading was inactive. Supplies of available cotton were light. Demand was light. Average local spot prices were higher. Trading of CCC-loan equities was slow. No forward contracting was reported. Mostly cloudy conditions over the weekend gave way to clear and sunny skies during the remainder of the week. Daytime high temperatures varied from the low to high 70s. Nighttime lows were in the 50s and 60s. Light scattered rainfall was received across portions of the region early in the period. Precipitation accumulations measured from trace amounts to around one inch. Louisiana remained free of droughty conditions, but dryness expanded in portions of Mississippi that missed rainfall. Producers were cautiously monitoring dangerous severe storm outbreaks which were projected to bring significant tornado and wind damage threats in the south over the weekend. Trading North Delta • A moderate volume of mostly color mostly 41 and 42, leaf 3 and 4, staple 36 and 37, mike 37-49, strength 29-32, and uniformity 80-83 sold for around 66.00 cents per pound, FOB/car truck (Rule 5, compression charges paid). • Heavy volume mixed lots containing color 42 and better, leaf mostly 3 and 4, staple 34-37, mike 37-52, strength 28-32, and uniformity 79-82 sold for around 65.25 cents, same terms as above. South Delta • A moderate volume of CCC-loan equities traded for around 8.50 cents per pound. • A heavy volume CCC-loan equity traded at around 8.00 cents. Southwestern Markets Regional Summary East Texas-South Texas Spot cotton trading was slow. Supplies and demand were light. Producer offerings were light. Average local spot prices were higher. Producer interest in forward contracting was light. Trading of CCC-loan equities was slow. Merchants purchased a light volume of 2024-crop CCC-catalog cotton. Foreign mill inquiries were moderate. Interest was best from Pakistan, Taiwan, and Vietnam. Planting expanded in the Rio Grande Valley with daytime highs into the low 100s. Overnight temperatures were in the 40s to 60s. A period of slow soaking rainfall is needed to ensure germination and uniform emergence. Industry sources estimate that approximately one-half of the acres will be planted compared to last season. Field preparation, equipment maintenance, and seed deliveries continued in the Coastal Bend and Upper Coast ahead of sowing. Daytime high temperatures were in the low 60s to low 90s and overnight temperatures were in the 40s to 60s. Producers and consultants monitored for optimal soil temperatures to determine the best time to start planting. If water was available, fields were pre-plant irrigated. West Texas-Kansas-Oklahoma Spot cotton trading was active. Supplies and demand were moderate. Producer offerings were light. Average local spot prices were higher. Producer interest in forward contracting was light. Trading of CCC-loan equities was slow. Foreign mill inquiries were moderate. Interest was best from Pakistan, Taiwan, and Vietnam. In addition, smaller countries were actively inquiring. In Texas, weather conditions were up and down as a quick moving winter storm entered the region overnight on March 7, and brought wintry precipitation and up to 6 inches of snow in the Panhandle and the Northern High Plains. A Winter Weather Advisory was issued by the National Weather Service (NWS). Although some roadways became hazardous, the precipitation was welcomed and quickly melted away as temperatures warmed. More precipitation will be needed to support high-yielding crop production. Spring-like conditions returned with daytime high temperatures in the upper 30s to mid-80s. Overnight low temperatures were in the 20s to 60s. Row crop preparation and pre-plant irrigation with fertilizer applications were underway after the winds calmed. Producers and lenders reviewed spreadsheets and considered production and financial options. Producers mitigated risks by making decisions on insurance coverage plans ahead of upcoming deadlines. Meetings were held and attended throughout the region. In Kansas, mainly sunny conditions prevailed with daytime temperatures in the low 50s to mid-80s, and overnight lows in the 30s to 50s. Field activity was slow for cotton and focused on spraying winter wheat. Producers weighed commodity market prices and other input expenses to make planting determinations for the coming months. Some considered fencing fields to run cattle. In Oklahoma, daytime high temperatures were in the low 40s to mid-80s. Overnight temperatures were in the 30s to 50s. The NWS issued a Winter Weather Advisory early in the period. The winter storm brought around two inches of precipitation to some locations. Fields remained parched and the precipitation was welcomed. Trading East Texas-South Texas • A light volume of color 31 and 41, leaf 2-4, staple 36, mike 40-47, strength 30-33, and uniformity averaging 81.1 sold for around 64.00 cents per pound, FOB warehouse (compression charges not paid). • A lot containing a light volume of color 21 and 31, leaf 3 and 4, staple 36, mike 33-38, strength 30-33, and uniformity averaging 80.4 sold for around 62.50 cents, same terms as above. • A light volume of color 21 and 31, leaf 3 and 4, staple 37 and 38, mike averaging 40.5, strength averaging 31.9, uniformity averaging 81.4, and 25 percent extraneous matter sold for around 61.50 cents, same terms as above. • A light volume of 2024-crop CCC-catalog cotton, color 12 and better, leaf 3 and better, staple 34 and 35, mike 40-48, strength 25-28, and uniformity averaging 80.7, sold for 53.80 cents, same terms as above. • A light volume of CCC-loan equities traded for around 5.00 cents. West Texas, Kansas & Oklahoma • In Texas, a heavy volume of color 31 and better, leaf 3 and better, staple 36, mike 35-49, strength 28-34, and uniformity 77-82 sold for around 66.50 cents per pound, FOB car/truck (compression charges not paid). • Lots containing a heavy volume of color 11 and 21, leaf 1 and 2, staple 34-37, mike 42-54, strength 30-35, and uniformity averaging 81.5 sold for 63.25 to 63.50 cents, same terms as above. • Mixed lots containing a light volume of color 41-52, leaf 4-6, staple 31-35, mike 29-48, strength 27-33, uniformity 76-81, and 50 percent extraneous matter sold for 52.00 to 52.75 cents, same terms as above. • In Kansas, mixed lots containing a heavy volume of color 21 and 31, leaf 2-4, staple 35-37, mike 38-50, strength 29-32, and uniformity averaging 81.5 sold for 62.75 to 64.50 cents, same terms as above. • In Oklahoma, a moderate volume of color 11 and 21, leaf 3 and better, staple 37-39, mike 37-48, strength 33-36, and uniformity averaging 83.0 traded for 65.50 to 67.00 cents, same terms as above. • A mixed lot containing a moderate volume of color 42 and better, leaf 4 and better, staple 34, mike 35-54, strength 26-32, and uniformity 78-81 sold for around 60.50 cents, same terms as above. • A light volume of CCC-loan equities traded for 4.00 to 4.25 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 to partly cloudy. Daily high temperatures ranged from the upper 60s to upper 80s, with nightly lows ranging from the 30s to 50s. Clouds ushered in windy conditions and scattered rain showers towards the end of the period. Rain accumulations across the territory measured around one-half of an inch to one inch. The moisture was beneficial to the drought-stricken area. Planting continued in Yuma, AZ. In Safford, producers were pre-plant irrigating in fields and prepping rows. In El Paso, TX and New Mexico, weather conditions consisted of a mix of sun and clouds with gusty winds. Daily temperatures were in the 60s and 70s, with nightly lows in the 40s and 50s. A Red Flag warning and wind advisories were issued. Trace amounts of rain were recorded during the period. Fieldwork was underway. 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. Sunny to partly cloudy skies dominated the weather pattern during the period. Daily temperatures were in the 60s and 70s and cooled into the mid-50s by weeks end. The cooler temperatures were accompanied by rain showers and thunderstorms. Rain totals measured up to two inches in some areas. The rain will be beneficial to reservoirs and soil moisture levels. The California Department of Water Resources reported on March 13, that the snow to water equivalent was at 21 inches, which is 82 percent of the April 1 average. Growers were prepping fields for planting. American Pima (AP) Spot cotton trading was slow. 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, warmer temperatures at the beginning of the period cooled into the 50s as a storm system brought in rain and windy conditions. Rain totals measured up to two inches in some areas. The rain will be beneficial to reservoirs and soil moisture levels. The California Department of Water Resources reported on March 13, that the snow to water equivalent was at 21 inches, which is 82 percent of the April 1 average. Growers were prepping fields for planting, but cool temperatures and rainy skies hampered their efforts. They hope to resume fieldwork once conditions are favorable. In the Desert Southwest, daily temperatures ranged from the 60s to the 80s, with nightly lows in the 30s and 50s. Beneficial moisture totaling around one-half of an inch to one inch was recorded in Arizona, no significant amount of moisture was recorded in El Paso, TX and New Mexico. Planting and other field activities were underway. Trading Desert Southwest • No trading activity was reported San Joaquin Valley • No trading activity was reported. American Pima • A heavy volume of cotton color 2, leaf 2, staple 46 and 48 was sold.