Latest news with #USDAWeeklyExportSalesReport
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
US Upland, Pima cotton sales down, shipment also drop this week: USDA
Net sales of Upland cotton in the United States for the 2024–25 season totalled 23,700 running bales (RB), each weighing 226.8 kg (500 pounds), during the week ending June 26, 2025. This represents a decrease of 13 per cent from the previous week and 66 per cent from the prior four-week average. According to the USDA Weekly Export Sales Report, the increase was primarily for Vietnam (19,600 RB, including 500 RB switched from South Korea and 100 RB switched from Hong Kong), Bangladesh (17,200 RB, including decreases of 500 RB), Pakistan (8,500 RB, including decreases of 100 RB), India (7,200 RB), and Mexico (3,700 RB). These were offset by reductions primarily for Turkiye (41,100 RB), South Korea (400 RB), China (400 RB), Ecuador (100 RB), and Hong Kong (100 RB). During the week ending June 26, 2025, US net sales of Upland cotton for 2024â€'25 dropped 13 per cent weekly and 66 per cent from the four-week average, totalling 23,700 RB. Major buyers included Vietnam and Bangladesh, while Turkiye saw significant reductions. Export shipments rose 39 per cent. Pima cotton net sales were minimal, but shipments increased 37 per cent, primarily to India and Vietnam. Net sales of 106,600 RB for 2025–26, primarily for Mexico (50,600 RB), Vietnam (30,800 RB), Malaysia (22,000 RB), and Peru (2,100 RB), were partially offset by reductions for Honduras (400 RB). Export shipments of 255,800 RB were up 39 per cent from the previous week and 9 per cent from the prior four-week average. The primary destinations were Vietnam (65,000 RB), Pakistan (38,700 RB), Turkiye (34,100 RB), Bangladesh (30,600 RB), and Mexico (14,600 RB). Net sales reductions of Pima cotton totalling 200 RB for 2024–25 were noticeably lower than the previous week and the prior four-week average. Increases, primarily for India (200 RB, including decreases of 900 RB) and Indonesia (200 RB, including 100 RB switched from Japan), were more than offset by reductions for Peru (400 RB) and Japan (200 RB). Net sales of Pima cotton totalling 6,300 RB for 2025–26 were reported for India (5,400 RB) and Pakistan (900 RB). Export shipments of 10,900 RB were up 37 per cent from the previous week and 57 per cent from the prior four-week average. The primary destinations were India (5,700 RB), Vietnam (2,300 RB), Thailand (1,000 RB), Egypt (900 RB), and Bangladesh (400 RB). Fibre2Fashion News Desk (KUL)
Fibre2Fashion
09-05-2025
- Business
- Fibre2Fashion
ICE cotton drops for 3rd day on stronger dollar, weaker grain market
ICE cotton futures continued to decline for the third consecutive day on Thursday. A stronger US dollar discouraged cotton buying, denting demand from overseas buyers. Weakness in the US grain market and slow export sales also added pressure on US cotton. The ICE cotton July 2025 contract settled at 66.69 cents per pound (0.453 kg), down 0.69 cent from the previous day. The contract has lost 179 points over the last three days. The December contract settled at 68.75 cents, also down 0.50 cent on the day. Other contracts ranged from 25 to 49 points lower. ICE cotton futures fell for the third straight day, pressured by a stronger US dollar, weak grain markets, and slow export sales. The July 2025 contract settled at 66.69 cents per pound, losing 179 points over three days. Increased inventory and lower weekly export sales further impacted prices. Analysts attributed much of the weakness to external factors. The US dollar strengthened yesterday, making US cotton purchases more expensive for overseas buyers. Trading volume on May 8 stood at 41,425 contracts, compared to 48,643 contracts cleared the previous day. Deliverable ICE cotton futures inventory increased to 17,137 bales as of May 7, up from 14,049 bales on the previous trading day, indicating more cotton coming to delivery. Additional pressure came from weak CBOT corn futures, which fell due to favourable US planting weather, and declining wheat futures as Great Plains harvest prospects improved. According to market analysts, most of the weakness in cotton stemmed from outside markets like corn, as well as competition for acreage between cotton and corn in the southern US. The USDA Weekly Export Sales Report showed that, for the week ending May 1, US cotton export sales for the current marketing year were 65,800 bales—39 per cent lower than the previous week and 50 per cent below the four-week average. At present, ICE cotton for July 2025 is trading at 66.47 cents per pound (down 0.22 cent), cash cotton at 64.94 cents (down 0.69 cent), the October 2025 contract at 68.91 cents (down 0.49 cent), the December 2025 contract at 68.53 cents (down 0.22 cent), the March 2026 contract at 69.77 cents per pound (down 0.22 cent), and the May 2026 contract at 70.85 cents (down 0.05 cent). A few contracts remained at their previous closing levels, with no trading recorded today. Fibre2Fashion News Desk (KUL)
