February 28, 2025 Mp_cn206 Weekly Cotton Market Review Spot quotations averaged 96 points lower 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 63.64 cents per pound for the week ending Thursday, February 27, 2025. The weekly average was down from 64.60 cents last week and from 92.39 cents reported the corresponding period a year ago. Daily average quotations ranged from a high of 64.31 cents on Monday, February 24 to a low of 63.03 cents on Thursday, February 27. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended February 27 totaled 22,126 bales. This compares to 23,999 reported last week and 13,190 bales reported the corresponding week a year ago. Total spot transactions for the season were 755,747 bales compared to 774,848 bales the corresponding week a year ago. The ICE May settlement price ended the week at 66.60 cents, compared to 67.47 cents last week. Spot cotton trading was slow. Supplies and offerings were moderate. Demand was moderate. Average local spot prices were lower. Trading of CCC-loan equities was inactive. A mix of clouds and sun dominated the weather pattern over the lower Southeast during the period. Daytime temperatures in the 40s and 50s warmed into the 70s as the week progressed. Nighttime lows were mostly in the 40s. Light scattered precipitation was received along the Gulf of America and Atlantic coastal areas. Precipitation totals measured from trace amounts to around one-half of an inch. The moisture improved abnormally dry conditions in the Florida Panhandle and portions of south Georgia, but dryness expanded in portions of west Alabama that missed precipitation, according the U.S. Drought Monitor. A very few gins remained on gin days in Alabama and Georgia as modules continued to arrive from the last harvested fields. Mostly sunny skies were observed during much of the period across the upper Southeast during the period. Daytime high temperatures in the 40s and 50s warmed into the 60s and 70s as the week progressed. Nighttime lows were mostly in the 30s and 40s. Mostly dry conditions prevailed with periods of light rain recorded in eastern North Carolina late in the week. Producers welcomed the much needed moisture which helped to ease abnormally dry to moderate drought conditions. Producers considered planting options for the 2025-crop season. Textile Mill Domestic mill buyers inquired for color 31, leaf 3, staple 36 for June through December 2025 delivery. No sales were reported. The undertone from mill buyers remained cautious as they balanced yarn production schedules with finished product orders. Demand through export channels was moderate. Agents for mills in Vietnam inquired for a moderate volume of color 31, leaf 3, and staple 36 and 37 for May through October shipment. No sales were reported. Trading • A moderate volume of color 52 and better, leaf 2-4, staple 35 and longer, mike 43-52, strength 29-32, and uniformity 82-85 sold for around 66.00 cents per pound, FOB car/truck, Georgia terms (Rule 5, compression charges paid, 30 days free storage). Southeastern Markets Regional Summary Danny Pino . Macon, GA . ............ . Danny.Pino@usda.gov North Delta Spot cotton trading was slow. Supplies of available cotton were light. Demand was very light. Trading of CCC-loan equities was inactive. Average local spot prices were lower. No forward contracting was reported. Partly sunny skies persisted throughout the period. Warmer seasonable weather moved through the Mid-South. Daytime high temperatures were in the 30s to 60s. Overnight low temperatures were in the 20s to 40s. A few areas received accumulations of light precipitation with totals from trace amounts to around less than one-quarter of an inch of rain. The National Weather Service issued flood warnings throughout the region. According to the U.S. Drought Monitor, released on February 27, some improvement to drought conditions were observed in Arkansas. The last modules were arriving on gin yards in Arkansas as pressing operations neared completion. Local merchants attended the Mid-South Farm and Gin Show on February 28- March 1 at the Renasant Convention Center in Memphis, TN. South Delta Trading of spot cotton and CCC-loan equities was inactive. Supplies of available cotton was light. Demand was very light. Average local spot prices were lower. No forward contracting was reported. Partially cloudy skies prevailed throughout the reporting period. Daytime high temperatures were in the 30s to 70s. Overnight low temperatures were in the 20s to 50s. The National Weather Service issued flood warning advisories. Precipitation totals measured from trace amounts to around one inch of rainfall. According to the U.S. Drought Monitor report released on February 27, most of the areas in in Mississippi were dry. In Louisiana, soil moisture conditions improved in areas that received rainfall. Virtual and in-person industry meetings were being planned and attended. Industry representatives and producers attended the Mid-South Farm and Gin Show on February 28 through March 1 at the Renasant Convention Center in Memphis, TN. Trading North Delta • A moderate volume lot containing mostly color 41, leaf 2-4, staple 36 and 37, mike averaging 4.2, strength averaging 28.6, and uniformity averaging 81.5 sold for around 68.25 cents per pound, FOB car/truck (Rule 5, compression charges paid). South Delta • No trading activity was reported. South Central Markets Regional Summary Aerielle McDaniel . Memphis, TN . ............ . Aerielle.McDaniel@usda.gov East Texas-South Texas Spot cotton trading was slow. Supplies and producer offerings were light. Demand was light. Average local spot prices were lower. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. Foreign mill inquiries were moderate. Interest was best from Pakistan, Turkey, and Vietnam. In East Texas, warmer temperatures and dry, mild weather conditions were observed this week. Daytime high temperatures climbed into the mid-60s and upper 70s. Nighttime temperatures were slightly cooler in the upper 30s to the upper 50s. Only trace amounts of rainfall were reported in the Blackland Prairies. Fieldwork and preparations for the planting season were ongoing. In South Texas, light showers brought moisture to much of the South Texas region early in the reporting period, but sunny and dry conditions returned to the region. Daytime high temperatures ranged from the 60s to the low 80s, and nighttime low temperatures dropped into the low 40s and 50s. Fieldwork and pre-plant activities continued uninterrupted under favorable weather conditions. Additional rainfall would be beneficial as planting time nears. West Texas-Kansas-Oklahoma Spot cotton trading was active. Supplies were heavy. Producer offerings were light. Demand was moderate. Average local spot prices were lower. Producer interest in forward contracting was light. Trading of CCC-loan equities was slow. Foreign mill inquiries were moderate. Interest was best from Pakistan, Turkey, and Vietnam. In Texas, unseasonably warm temperatures prevailed until a cold front that moved through the region and brought gusty winds up to 40 miles per hour, which caused severe blowing dirt. Daytime highs were mostly in the low 40s to low 80s. Overnight low temperatures were in the 20s to 50s. No precipitation was received, and no chance of rain is in the forecast. Fieldwork was temporarily stalled by gusty conditions on February 26, but quickly restarted the next day. Producers that have fields with good moisture are ripping the soil to open it up to receive any precipitation that might come to the area. Samples were submitted for grading services as the season is rapidly drawing to an end. Texas A&M Agrilife Extension held the annual Sandyland Agricultural Conference in Gaines County. In Kansas, sunny conditions returned following the last winter storm with daytime temperatures in the upper 20s to mid-70s, and overnight lows in the single digits to 40s. Some applications of lime and fertilizer were applied, but generally fields have been prepped for winter. Soils are moist from the melting of last week’s snowstorm. In Oklahoma, daytime high temperatures were in the mid-30s to upper 70s. Overnight temperatures were in the teens to 40s. The Arctic blast moved out of the area early in the report period and unseasonably warm and sunny weather conditions prevailed. The region needs more rainfall ahead of spring planting. Ginning was completed for the season. Southwestern Markets Regional Summary Bethany Lindgren . Memphis, TN . ............ . Bethany.Lindgren@usda.gov Jane Byers-Angle . Lubbock, TX ............. . Jane.Byers-Angle@usda.gov Trading East Texas-South Texas • A light volume of color 31 and 41, leaf 3 and 4, staple 35-37, mike 45-48, strength 28-30, and uniformity 81-83 sold for 63.00 to 63.25 cents per pound, FOB warehouse (compression charges not paid). • A lot containing a light volume of color 41, leaf 3, staple 35 and 36, mike averaging 46.0, strength averaging 29.0, and uniformity averaging 81.9 sold for around 61.25 cents, same terms as above. West Texas, Kansas & Oklahoma • In Texas, a heavy volume of color 41 and better, leaf 4 and better, staple 36 and 37, mike 35-47, strength 28-35, and uniformity 77-82 sold for 65.00 to 66.50 cents per pound, FOB car/truck (compression charges not paid). • Mixed lots containing a moderate volume of color 41 and better, leaf 5 and better, staple 34-38, mike 41-49, strength 29-33, uniformity averaging 81.2, and 25 percent extraneous matter sold for 63.75 to 64.00 cents, same terms as above. • In Kansas, mixed lots containing a moderate volume of color 52 and 53, leaf 3-5, staple 34-36, mike 42-46, strength 27-32, and uniformity 78-81 sold for 53.00 to 56.50 cents, same terms as above. • In Oklahoma, a light volume of color 31 and better, leaf 3 and better, staple 35, mike averaging 45.1, strength averaging 32.27, and uniformity averaging 81.5 traded for around 65.25 cents, same terms as above. • A heavy volume of color 21-43, leaf 2-6, staple 34-37, mike 33-45, strength 25-30, uniformity 76-81, and 25 percent extraneous matter sold for around 59.00 to 61.50 cents, same terms as above. • A heavy volume of CCC-loan equities traded for 5.25 to 7.25 cents. Southwestern Markets Regional Summary Bethany Lindgren . Memphis, TN . ............ . Bethany.Lindgren@usda.gov Jane Byers-Angle . Lubbock, TX ............. . Jane.Byers-Angle@usda.gov Desert Southwest (DSW) Spot cotton trading was moderate. Supplies and producer offerings were light. Demand was light. Producer interest in forward contracting was light. Average local prices were lower. No forward contracting or domestic mill activity was reported. Foreign mill inquiries were light. Weather conditions throughout Arizona were mostly sunny. Daytime temperatures reached close to record highs with multiple days climbing into the low 90s. Nightly lows were in the 40s and 50s. High winds entered the area by the end of the period with gusts of up to 40 mph. Wind and dust advisories were issued. No rain was recorded during the period. In Yuma, AZ, initial planting began in some fields. The Visalia Classing Office continues to class samples received from gins in Arizona. 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 spot prices were lower. Foreign mill inquiries were light. Sunny to partly cloudy skies dominated the weather pattern during the period. Daily temperatures warmed into the upper 70s, with some days reaching close to record highs. Nighttime lows were in the 40s. No rain was recorded during the period. The Bureau of Reclamation announced an initial water allocation of 35 percent for the west side of the Central Valley, south of the Sacramento-San Joaquin Bay-Delta. This is more than twice the initial allocation in 2024. American Pima (AP) Spot cotton trading was inactive. 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, sunny to partly cloudy skies ushered in warmer temperatures. Daily highs reached into the upper 70s, almost breaking records. Nightly lows were in the 40s. No rain was recorded in the period. The Bureau of Reclamation announced an initial water allocation of 35 percent for the west side of the Central Valley, south of the Sacramento-San Joaquin Bay-Delta. This is more than twice the initial allocation in 2024. In the Desert Southwest, temperatures reached close to record highs with multiple days climbing into the low 90s. Nightly lows were in the 40s and 50s. High winds entered the area by the end of the period with wind gust of up to 40 mph. Wind and dust advisories were issued. No rain was recorded during the period. In Yuma, AZ, initial planting began in some fields. The Visalia Classing Office continues to class samples received from gins in Arizona. Western Markets Regional Summary Veronica Williamson. Florence, SC . ............ . Veronica.Williamson@usda.gov Western Markets Regional Summary Veronica Williamson. Florence, SC . ............ . Veronica.Williamson@usda.gov Trading Desert Southwest • A moderate volume of cotton mostly color 11 and 21, leaf 1-3, staple 34 and longer, mike 37-51, strength 29-33, and uniformity 77-82 sold for around 68.00 cents per pound, FOB car/truck (compression charges not paid). San Joaquin Valley • No trading activity was reported. American Pima • No trading activity was reported.