ICE cotton futures market declines

ICE cotton futures market declined. Contract of Dec closed at 68.13cent/lb, down 1.19cent/lb and contract of Mar closed at 69.46cent/lb, down 1.14cent/lb. According to USDA, all cotton planted area for 2025 is estimated at 10.1 million acres, down 10 percent from last year. Upland area is estimated at 9.95 million acres, down 9 percent from 2024. American Pima area is estimated at 171,000 acres, down 17 percent from 2024. The area is higher than market expectation.

Cotlook A Index rose by 0.5cent/lb to 80.15cent/lb.