ICE No. 2 Cotton
August 18, 2025
Open High Low Settle Change
Oct '25 65.93 66.67 65.85 66.42 +32
Dec '25 67.35 68.00 67.32 67.81 +27
Mar '26 68.86 69.51 68.86 69.33 +26
May '26 70.16 70.77 70.14 70.60 +25
Jul '26 70.95 71.45 70.92 71.34 +22
Oct '26 - - - 69.68 +3
Dec '26 69.09 69.36 69.00 69.23 +1
Mar '27 - - - 69.65 unch
May '27 - - - 70.08 -2
Jul '27 - - - 70.36 -3
ICE estimated futures volume: 30,900
期近12月限は、寄り付きから横ばいに推移し、米国時間の引けにかけてやや強気の展開。
最終的に、前日比27ポイント高の67.81/LBで引けた。
推定出来高は30,900枚。
【相場要因】
期近12月限は取引の終盤にかけて値を上げ、高値をつけたが、40日移動平均線で抵抗線に当たって少し値を戻して引けた。
インドの財務省より2025年8月19日から9月30日までに輸入される原綿に対して免税措置を行うことが発表された。
市場では、インドの繊維産業にとって短期的にポジティブな措置となるだろうと指摘されている。
米国の作柄進捗報告では、着蕾率が全体で97%と順調に進んでいる。
一方、ボール形成率は先週から8ポイント程度進んだが、過去5年平均の73%には追い付いていない。
テキサス州では、GOOD/EXCELLENTの割合が好調で5ポイント上昇の49%に達しており、過去5年平均の29％を大きく上回っている。
Cotton Squaring - Selected States
[These 15 States planted 99% of the 2024 cotton acreage]
-----------------------------------------------------------------
: Week ending :
:-----------------------------------:
State :August 17, :August 10, :August 17, : 2020-2024
: 2024 : 2025 : 2025 : Average
-----------------------------------------------------------------
: percent
:
Alabama .........: 100 95 98 99
Arizona .........: 100 100 100 100
Arkansas ........: 100 100 100 100
California ......: 100 97 100 100
Georgia .........: 99 99 100 99
Kansas ..........: 98 96 97 97
Louisiana .......: 100 95 97 100
Mississippi .....: 100 91 94 98
Missouri ........: 100 98 99 97
North Carolina ..: 100 95 98 98
Oklahoma ........: 100 99 100 98
South Carolina ..: 100 93 97 98
Tennessee .......: 99 83 99 98
Texas ...........: 97 90 95 96
Virginia ........: 100 99 100 100
:
15 States .......: 98 93 97 98
-----------------------------------------------------------------
Cotton Setting Bolls - Selected States
[These 15 States planted 99% of the 2024 cotton acreage]
------------------------------------------------------------------------
: Week ending :
:-----------------------------------------:
State : August 17, : August 10, : August 17, : 2020-2024
: 2024 : 2025 : 2025 : Average
------------------------------------------------------------------------
: percent
:
Alabama ........: 83 79 86 90
Arizona ........: 100 90 98 98
Arkansas .......: 96 87 94 97
California .....: 79 70 85 83
Georgia ........: 87 84 90 88
Kansas .........: 92 73 91 82
Louisiana ......: 84 80 83 94
Mississippi ....: 87 67 77 87
Missouri .......: 78 61 74 82
North Carolina .: 90 81 86 83
Oklahoma .......: 73 58 77 70
South Carolina .: 96 74 86 88
Tennessee ......: 93 67 85 89
Texas ..........: 79 57 64 75
Virginia .......: 97 82 92 91
:
15 States ......: 83 65 73 80
------------------------------------------------------------------------
Cotton Bolls Opening - Selected States
[These 15 States planted 99% of the 2024 cotton acreage]
------------------------------------------------------------------------
: Week ending :
:-----------------------------------------:
State : August 17, : August 10, : August 17, : 2020-2024
: 2024 : 2025 : 2025 : Average
------------------------------------------------------------------------
: percent
:
Alabama ........: 12 4 9 8
Arizona ........: 65 34 51 48
Arkansas .......: 37 16 23 18
California .....: - - - -
Georgia ........: 6 5 10 7
Kansas .........: 11 2 9 9
Louisiana ......: 20 21 28 32
Mississippi ....: 16 11 20 17
Missouri .......: 2 - - 1
North Carolina .: 4 2 4 4
Oklahoma .......: 4 - - 4
South Carolina .: 6 3 6 3
Tennessee ......: 7 1 2 5
Texas ..........: 22 10 15 20
Virginia .......: 11 2 7 7
:
15 States ......: 18 8 13 16
------------------------------------------------------------------------
- Represents zero.
Cotton Condition - Selected States: Week Ending August 17, 2025
[These 15 States planted 99% of the 2024 cotton acreage]
----------------------------------------------------------------------------
State : Very poor : Poor : Fair : Good : Excellent
----------------------------------------------------------------------------
: percent
:
Alabama ........: 1 4 17 65 13
Arizona ........: 2 1 5 81 11
Arkansas .......: - 2 25 42 31
California .....: - - - 5 95
Georgia ........: - 4 36 51 9
Kansas .........: - 10 37 35 18
Louisiana ......: - - 39 60 1
Mississippi ....: 1 8 51 34 6
Missouri .......: - 16 31 53 -
North Carolina .: - 1 18 61 20
Oklahoma .......: 2 6 27 51 14
South Carolina .: 3 5 21 59 12
Tennessee ......: 16 12 25 39 8
Texas ..........: 5 13 33 37 12
Virginia .......: - - 8 86 6
:
15 States ......: 4 10 31 43 12
:
Previous week ..: 7 11 29 43 10
Previous year ..: 8 18 32 35 7
----------------------------------------------------------------------------
- Represents zero.
END
