January 24, 2025 Weekly Cotton Market Review Mp_cn206 Spot quotations averaged 15 points higher 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 63.38 cents per pound for the week ending Thursday, January 23, 2025. The weekly average was up from 63.23 cents last week but down from 81.24 cents report-ed the corresponding period a year ago. Daily average quotations ranged from a high of 63.59 cents on Tuesday, January 21 to a low of 63.03 cents on Wednesday, January 22. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended January 23 totaled 58,050 bales. This compares to 55,511 reported last week and 95,183 bales reported the corresponding week a year ago. Total spot transactions for the season were 546,697 bales compared to 667,316 bales the corresponding week a year ago. The ICE March settlement price ended the week at 67.47 cents, compared to 66.73 cents last week. Southeastern Markets Regional Summary Spot cotton trading was inactive. Supplies and producer offerings were moderate. Demand was moderate. Average local spot prices were steady. Trading of CCC-loan equities was inactive. Sunny to overcast conditions prevailed during the reporting period. Daytime high temperatures in the 60s cooled into the 20s as the week progressed. Nighttime lows were in the teens to the 20s. Winter storm Enzo deposited three to four inches of snow and ice across the lower Southeast in areas throughout Alabama, the Florida Panhandle, and Georgia mid-week. Ginning neared completion in Alabama and Florida; in Georgia ginning was winding down as many gins continued on gin days. Fieldwork was delayed due to cold and snowy conditions. Producers, ginners, and industry members attended meetings. Clear to cloudy conditions were observed across the upper Southeast during the period. Daytime high temperatures in the 50s and 60s cooled into the 30s and 20s later in the week. Nighttime lows were in the low 20s to teens. Winter storm Enzo brought three to four inches of snow and ice to areas across the eastern Carolinas and Virginia mid-week. Ginning neared completion with some gins remaining on gin days as they waited for the last modules to arrive from fields. Producers, ginners, and industry members attended meetings. 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 � No trading activity was reported. South Central Markets Regional Summary North Delta Spot cotton trading was slow. Supplies of available cotton and producer were light. Demand was very light. Average local spot prices were steady. Trading of CCC-loan equities was inactive. No forward contracting was reported. Producers were hoping for prices to rebound the current crop stored in warehouses. Winter storm advisories were issued by the National Weather Services throughout the week. Sunshine gave way to cloudy skies bringing an Arctic blast with chilling wind gusts to the region. Daytime high temperatures in the 50s early in the period dropped into the teens. Nighttime low temperatures were well below freezing in the teens to mid-20s. Precipitation totals measured mostly trace amounts. According to the U.S. Drought Monitor, soil moisture was adequate for crop production throughout the entire region. Producers are closely monitoring cotton prices as they start to formulate their planting commitments for the upcoming planting season. Pressing operations continued sporadically as most gins planned to finish before February. South Delta Spot cotton trading was inactive. Supplies of available cotton was light. Demand was very light. Trading of CCC-loan equities was inactive. Average local spot prices were steady. No forward contracting was reported. Business was slow. Temperatures across Mississippi and Southeast Louisiana dropped well below freezing, with most locations reporting temperatures in the 20s. Daytime highs were in the 20s to 60s. Nighttime lows started in 50s, then plummeted as frigid weather moved through the region. Partially sunny skies gave way to complete overcast skies. Precipitation totals measured less than one-quarter of an inch. According to the U.S. Drought Monitor, abnormally dry conditions persisted in pockets of Louisiana and central Mississippi. Producers inched closer to spring planting preparations in the face of numerous challenges, including the difficulty in obtaining financing due to low commodity prices, natural disasters that reduced yields, and foreign competition. Pressing operations neared completion in Louisiana. Trading North Delta � A moderate volume lot containing color 42 and better, leaf 1-4, staple 35-40, mike 36-45, strength averaging 29.5, and uniformity averaging 82.3 sold for around 70.00 cents per pound, FOB car/truck, (compression charges paid). South Delta � No trading activity was reported. Southwestern Markets Regional Summary East Texas-South Texas Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was moderate. Average local spot prices were steady. 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 the East Texas region, light snow and icy precipitation was recorded, but wintry weather conditions gave way to sunny and slightly warmer temperatures later in the week. Daytime high temperatures were in the upper 30s to the mid-50s, with nighttime temperatures dipping into the teens and mid-20s, well below the historical average for this time of year. Only light accumulations of moisture were recorded, but chances for rainfall remain in the nearby forecast. Sub-freezing temperatures along with a mix of wintry weather including freezing rain, sleet, and snow made its way into the Coastal Bend, Upper Coast, and Rio Grande Valley regions during the reporting period. Daytime high temperatures, early in the week, in the mid-60s dropped into the 30s. Nighttime low temperatures plummeted into the 30s and mid-20s. Accumulated winter moisture totals ranged from trace amounts to two inches of snow and ice in some areas, which will be beneficial for soil moisture. Local experts report that final planting decisions are still up in the air for many producers, but some have reserved their seed supply for the season. Producers and industry members attended the 31st Annual Rio Grande Valley Cotton & Grain Pre-Plant Conference held on January 21 in Monte Alto, Texas. West Texas-Kansas-Oklahoma Spot cotton trading was active. Supplies and producer offerings were heavy. Demand was good. Average local spot prices were steady. 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, weather conditions were mixed with mostly cold temperatures and partly cloudy skies. Daytime high temperatures were in the low 20s to mid-60s. Overnight temperatures were below zero to the 20s. Some locations received snowfall, but precipitation amounts were light in all areas. Rainfall chances are in the nearby forecast. Harvesting was virtually completed, and fieldwork was minimal. Gins continued finalizing processing services. Most ginning plants had completed the season. Producers attended pre-plant meetings and earned continuing education units. In Kansas, daytime high temperatures were in the teens to mid-40s, and overnight lows were below zero to the 20s. Light snow was received along with blustery cold temperatures that shut down ginning. Extremely cold temperatures froze up some ginning equipment and had to be thawed before restarting. Final modules were hauled from fields and delivered to the gin yards. Producers ordered planting seed and made plans for the next cropping season. In Oklahoma, daytime high temperatures were in the low 30s to mid-70s. Overnight temperatures were in the single digits to 20s. Light snowfall and extremely cold temperatures slowed down ginning. Planning for the next cropping season was underway. Producer meetings were held. Trading East Texas-South Texas � No trading activity was reported. West Texas, Kansas & Oklahoma � In Texas, lots containing a heavy volume of color 22 and better, leaf 3 and better, staple 35-37, mike 35-47, strength 25-32, and uniformity 77-82 sold for 67.75 to 68.25 cents per pound, FOB car/truck (compression charges not paid). � A heavy volume of mixed lots containing color 31-53, leaf 2-8, staple 33-35, mike 30-51, strength 25-33, uniformity 77-82, and 75 percent extraneous matter sold for 53.50 to 55.50 cents, same terms as above. � In Kansas, a heavy volume of color 53 and better, leaf 5 and better, staple 34-36, mike 32-47, strength 27-33, uniformity 78-82, and 50 percent extraneous matter sold for 55.25 to 57.00 cents, same terms as above. � Mixed lots containing a heavy volume of color 51-53, leaf 3-8, staple 34-37, mike 33-43, strength 27-33, uniformity 77-83, and 100 percent extraneous matter sold for 51.75 to 52.75 cents, same terms as above. � In Oklahoma, an even-running lot containing a light volume of color 41, leaf 2 and 3, staple 36, mike averaging 40.5, strength averaging 32.3, and uniformity averaging 80.7 traded for around 62.50 cents, same terms as above. � A heavy volume of color 21-44, leaf 3 and better, staple 35 and 36, mike 44-47, strength 31-35, and uniformity 80-83 sold for 61.00 to 62.25 cents, same terms as above. � A light volume of CCC-loan equities traded for 6.75 to 8.50 cents. 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. Weather conditions in central Arizona were mostly sunny. Temperatures were mild with daily highs in the 60s and nighttime lows in the 30s and 40s. No rain was recorded during the period. In Safford, gusty winds ushered in a cold front that dropped daily temperatures into the 40s and 50s. Nighttime temperatures were in the teens, almost setting a record low. Ginning continued. In New Mexico and El Paso, TX daily temperatures dropped from the upper 50s to upper 30s as a cold front moved through the area. Near-record nighttime lows were seen in some locales. No rain was recorded. Producers attended meetings and made plans for spring planting. 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. Sunny skies were prevalent throughout the territory. Daytime highs were in the 60s with nightly lows in the 30s. No rainfall was recorded during the period. Producers attended annual meetings and discussed planting intentions for the upcoming season. American Pima (AP) Spot cotton trading was active. 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 SJV, sunny skies kept daily temperatures mild in the low 60s. Nighttime lows were in the low to mid-30s. No rain was reported during the period. Producers attended annual meetings and discussed planting intentions for the upcoming season. Temperatures were mild in central Arizona with daily highs in the 60 and nightly lows in the 30s. In Safford, a cold front dropped daily temperatures into the 40s and 50s. Nighttime temperatures were in the teens, approaching a record low. No rain was recorded during the period. Producers attended meetings and looked forward to planting intentions for next season. Trading Desert Southwest � No trading activity was reported. San Joaquin Valley � No trading activity was reported. American Pima � A heavy volume of color 2, leaf 2, and staple 48 was sold.