Mp_cn812 February 7, 2025 Weekly Cotton Market Review Spot quotations averaged 55 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 62.29 cents per pound for the week ending Thursday, February 6, 2025. The weekly average was down from 62.84 cents last week and from 84.30 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 61.99 cents on Friday, January 31 to a high of 63.05 cents on Tuesday, February 4. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended February 6 totaled 26,598 bales. This compares to 66,565 reported last week and 24,489 bales reported the corresponding week a year ago. Total spot transactions for the season were 639,860 bales compared to 722,793 bales the corresponding week a year ago. The ICE March settlement price ended the week at 66.03 cents, compared to 66.27 cents last week. Southeastern Markets Regional Summary Spot cotton trading was active. Supplies and producer offerings were moderate. Demand was moderate. Average local spot prices were lower. Trading of CCC-loan equities was inactive. Sunny conditions over the weekend gave way to cloudy skies as the week progressed. Daytime high temperatures were in the 60s and 70s with nighttime lows in the 40s and 50s. Light, scattered precipitation was received across the region during the period. The heaviest accumulations were recorded across northwest Alabama, where weekly precipitation totals measured around one inch. Elsewhere in the lower Southeast rainfall totals measured from trace amounts to around one-quarter of an inch. Some gins remained on gin days as they waited for the last modules to arrive on the yards. Mostly sunny to cloudy conditions were observed across the upper Southeast during the period. Daytime high temperatures were in the 60s and 70s. Nighttime lows were mostly in the 30s and 40s. Ginning rapidly neared completion, with a few gins remaining on gin days as they waited for the last remaining modules to accumulate on gin yards. Textile Mill Domestic mill buyers inquired for a moderate volume of color 41, leaf 4, and staple 36 for January through December 2026 delivery. No sales were reported. Mill buyers maintained a cautious undertone as they balanced production schedules with yarn orders. Demand through export channels was moderate. Agents throughout the Far East inquired for any discounted styles of cotton. Trading Light volume even-running lots containing mostly color 41, leaf 2 and 3, staple 36, mike 37-49, strength 27-31, and uniformity 80-83 sold for around 68.00 cents per pound, FOB car/truck, Georgia terms (Rule 5, compression charges paid, 30 days free storage). A moderate volume of mostly color 41, leaf 2-4, staple 35-37, mike 43-49, strength 28-32, and uniformity 80-83 sold for around 67.00 cents, same terms as above. A moderate volume of color 42 and better, leaf 2-4, staple 34-36, mike 37-52, strength 27-32, and uniformity 79-82 sold for around 66.00 cents, same terms as above. A heavy volume mixed lot containing color 42 and better, leaf 2-4, staple 34-37, mike 37-52, strength 28-32, and uniformity 79-82 sold for around 64.75 cents, same terms as above. South Central Markets Regional Summary North Delta Trading of spot cotton and CCC-loan equities was inactive. Supplies of available cotton were light. Demand was very light. Average local spot prices were lower. No forward contracting was reported. Business was very slow. Unseasonably warm weather conditions persisted in the Mid-South. Daytime high temperatures in the 40s soared into the 70s. Nighttime low temperatures were in the 30s to the 60s. Dense fog warnings were issued by the National Weather Service in Arkansas and Tennessee. Mostly cloudy skies brought light rain showers. Accumulated precipitation totals measured from trace amounts to two and one-half inches of rainfall. Thunderstorms moved through the region late in the period causing high levels of degradation to topsoil due to an increase of runoff. According to the U.S. Drought Monitor, drought conditions were in the none category for Arkansas. In Tennessee, conditions remained the same with patches of abnormally dry to severe drought in designated cotton areas. No fieldwork was reported for cotton. Producers closely monitored commodity prices and input costs. Ginning operations are nearing completion. Virtual and in-person meetings were being planned and attended. South Delta Trading of spot cotton and CCC-loan equities was inactive. Supplies of available cotton were light. Demand was very light. Average local spot prices were lower. No forward contracting was reported. Business was very slow. Daytime high temperatures were in the 60s to 80s. Nighttime lows were in the 30s to 60s. Heavy winds early in the period were enhanced by cloudy skies. Accumulated rainfall totals measured from trace amounts to one-quarter of an inch in some areas. The National Weather Service issued a dense fog warning during the period. According to the U.S. Drought Monitor, soil drought conditions remained at none in Louisiana. In Mississippi, soil drought conditions were moderate dry to none. Recent precipitation has improved the streamflow in Mississippi. No field activity was reported. Producers continued to monitor commodity prices and input costs. Pressing operations are finished in Louisiana. Virtual and in-person industry meetings were being planned and attended. Trading North Delta No trading activity was reported. South Delta No trading activity was reported. Southwestern Markets East Texas-South Texas Spot cotton trading was slow. Supplies and 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 inactive. Foreign mill inquiries were light. Interest was best from Pakistan, Turkey, and Vietnam.� Dry weather conditions, mostly partly cloudy skies, and spring-like temperatures persisted in East Texas. Daytime highs were in the upper 70s to the low 80s. Nighttime temperatures ranged from the mid-50s to the 60s. No rainfall was recorded during the reporting period. Producers booked seed in preparation for planting. In South Texas, a mix of sunshine and clouds were observed in the Coastal Bend, Upper Coast, and Rio Grande Valley (RGV) regions during the reporting period. Daytime high temperatures were in in the low to mid-80s, with nighttime low temperatures in the mid-to-upper 60s. Light accumulations of moisture were reported in areas of the lower RGV. Fieldwork to prep fields for planting is finished in most areas. Fields remain wet in areas of the Upper Coast, but some fieldwork is expected to prevent weeds as soils firm. Corn planting continued. West Texas-Kansas-Oklahoma Spot cotton trading was active. Supplies and producer offerings were heavy. Demand was good. Average local spot prices were lower. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. Foreign mill inquiries were light. Interest was best from Pakistan, Turkey, and Vietnam. In Texas, above average temperature readings dominated the weather pattern with daytime highs in the upper 50s to the upper 80s. Overnight temperatures were in the 30s to 60s. No significant rainfall was received, and the region remains parched. Field activity included light tilling and stalk shredding. Harvesting was virtually completed, and final ginning was underway. Local producer meetings were held. In Kansas, daytime temperatures were in the mid-30s to upper 60s, and overnight lows were in the 20s to 40s. Ginning neared completion. Producers made plans for the next cropping season and attended pre-plant meetings. In Oklahoma, daytime high temperatures were in the low 50s to mid-80s. Overnight temperatures were in the 30s to 50s. Temperatures were well above average and daytime high records were set. Light rainfall was received but brought only trace amounts. Ginning was drawing to the end. Trading East Texas-South Texas A lot containing a light volume of color 31 and 41, leaf 3 and 4, staple 35 and 37, mike averaging 42.6, strength averaging 35.0, and uniformity averaging 82.6 sold for around 62.50 cents per pound, FOB warehouse (compression charges not paid). A lot containing a light volume of mostly color 41, leaf 4-6, staple 34 and 35, mike averaging 46.4, strength averaging 30.8, uniformity averaging 80.2, and with extraneous matter sold for around 49.75 cents, same terms as above. West Texas, Kansas & Oklahoma In Texas, lots containing a heavy volume of color 31 and better, leaf 4 and better, staple 35-37, mike 37-49, strength 26-35, and uniformity 77-82 sold for 62.25 to 63.25 cents per pound, FOB car/truck (compression charges not paid). A heavy volume of lots containing color 22-33, leaf 4 and better, staple 34-35, mike 40-49, strength 27-31, and uniformity 78-81 sold for 59.00 to 59.50 cents, same terms as above. In Kansas, lots containing a heavy volume of color 21 and 31, leaf 4 and better, staple 34-35, mike 34-37, strength 28-32, and uniformity 78-82 sold for 60.00 to 60.25 cents, same terms as above. In Oklahoma, lots containing a heavy volume of mostly color 31 and 41, leaf 2-4, staple 37 and 38, mike 39-42, strength 32-36, and uniformity averaging 82.0 traded for 64.00 to 66.50 cents, same terms as above. Lots containing a light volume of color 41 and better, leaf 2 and 3, staple 34 and 35, mike 44-48, strength averaging 31.5, and uniformity 79-82 sold for 59.50 to 60.00 cents, same terms as above. Western Markets Regional Summary Desert Southwest (DSW) Spot cotton trading was inactive. 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 moderate. Unseasonably warm weather prevailed throughout Arizona during the period. Daily temperatures reached record highs in the mid-to-upper 80s under partly sunny skies. Nighttime lows ranged from the 30s to 50s. No rain was recorded during the period. Gins still operating were close to finishing for the season. In New Mexico and El Paso, TX, sunny skies warmed daily temperatures into the 70s and 80s. Record breaking high temperatures were reached on multiple days during the period. Nightly lows were in the 30s and 40s. No rain was recorded. Producers attended meetings and made plans for spring planting. The Visalia Classing Office Quality Report for the 2024-crop can be viewed here: Visalia Classing Office Quality Report 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 lower. Foreign mill inquiries were light. In the SJV, weather conditions were mostly partly cloudy. Unseasonably warm temperatures were prevalent at the beginning of the period with daily highs reaching into the upper 70s. Nightly lows were in the 40s and 50s. Cooler temperatures accompanied by scattered showers moved into the territory by weeks end. Rain totals measured over one-tenth of an inch; and more chances for rain are in the nearby forecast. According to the U.S. Drought Monitor, most cotton-growing areas were rated as abnormally dry to severe drought intensity. Producers attended annual meetings and discussed planting intentions for the upcoming season. The Visalia Classing Office Quality Report for the 2024-crop can be viewed here: Visalia Classing Office Quality Report 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 lower. Foreign mill inquiries were light. In the Far West, unseasonably warm temperatures were prevalent throughout the territory with daily highs reaching into the 70s and 80s. Record breaking temperatures were recorded in some locales. Nightly lows ranged from the 30s to 50s. In the San Joaquin Valley, showers brought over one-tenth of an inch of rain, with more rain chances in the nearby forecast. The moisture was beneficial to dry soils in cotton-growing areas. According to the U.S. Drought Monitor, most cotton-growing areas in California were rated as abnormally dry to severe drought intensity. Some growers reported that yields this year were worse than they�ve seen in 40 years, mainly due to excessive heat. Some remaining gins finished operations for the season. In the Desert Southwest, no rain was reported during the period. Gins still operating were close to finishing for the season. Producers attended annual meetings and discussed planting intentions, which could see a decrease in acreage for the upcoming season. The Visalia Classing Office Quality Report for the 2024-crop can be viewed here: Visalia Classing Office Quality Report Trading Desert Southwest No trading activity was reported. San Joaquin Valley No trading activity was reported. American Pima No trading activity was reported