ICE cotton futures market rebounds

ICE cotton futures market rebounded. Contract of Jul closed at 65.64cent/lb, up 0.75cent/lb and contract of Dec closed at 68.34cent/lb, up 0.67cent/lb. By the week ending May 18, about 40% U.S. cotton crops have been planted, up 12 percentage point from May 11, down 2 percentage point from the same period of 2024, down 3 percentage point from five-year average, according to USDA.

Cotlook A Index reduced by 0.5cent/lb to 76.75cent/lb.