The cotton market closed with losses of 55 to 133 points across most contracts on Friday, despite USDA calling for a tighter carryout on old crop. The Friday afternoon Commitment of Traders report showed spec adding 11,765 contracts to their new net short position as of 5/7 at 13,699 contracts....
The USDA says domestic upland cotton production fell sharply from 2022 to 2023. That followed a significant decrease in planted area and a big drop in yield due to weather issues in some key growing areas. The upland crop last year totaled 11.75 million bales, 2.248 million below the year...
The cotton is down 100 to 172 points across most contracts on Friday. The outside market influences are not helpful at midday, as the US dollar index is slightly higher, with crude oil down 82 cents. USDA’s final cotton production estimate was released at 12.07 million bales this morning, as...
The cotton market is trading 77 to 94 points lower as we head into USDA”s first official supply/demand forecast for 2024/25 crop cotton. Futures resumed their slide on Thursday, down 93 to 168 points. That was despite a round of positive export data for the bulls. Cotton limits are back...
The cotton market continued their slide on Thursday, as were down 93 to 168 points on Thursday. That was despite a round of positive export data for the bulls. Cotton limits are back to 3 cents with July slipping back in the 70 cent level. The outside market influences were...
The cotton market continued to slide, as midday action had futures down 82 to 116 points on Thursday. That is despite a round of positive export data for the bulls. The outside market influences are helpful but ignored, as the US dollar index is down 236 points, with crude oil...
The cotton market is trading down 93 to 141 Futures shot higher on Wednesday, closing 106 to 256 points higher as May rolled off the board. Cotton daily limits are expanding back to 4 cents (400 pts) due to July creeping back into that 80 cent level. The US dollar...
The cotton market shot higher on Wednesday, with futures closing 106 to 256 points higher as May rolled off the board. Cotton limits are reverting to 4 cents due to July creeping back in that 80 cent level. The US dollar index was up 105 points, a negative input, while...
The cotton market is shooting higher on Wednesday, as contracts are up 170 to 245 points with May expiring today. The US dollar index is up 105 points, a negative input, while crude oil is 52 cents higher. Precip is expected for a wide swath of the Southeast US over...
The cotton market is trading 62 to 145 points this morning as May expires today. Futures had an inside day on Tuesday, but settled higher. Contracts closed with 30 to 49 point gains across most delivery months, despite negative outside factors and faster than normal planting pace. The US dollar...
The cotton market saw higher action on Tuesday, as they try to recover from the recent collapse in prices. Contracts closed with 30 to 49 point gains across most contracts, despite negative outside factors and faster than normal planting pace. The US dollar index was up 341 points, a negative...
The cotton market is posting 81 to 108 point gains at midday. The US dollar index is up 196 points, a negative input, while crude oil is 25 cents higher. The US cotton crop was reported at 24% planted as of Sunday, a 9% advance over the last week. The...
The cotton market is posting 48 to 60 point gains following the overnight trade. Cotton resumed its slide on Monday, as contracts were down 22 to 100 points at the close. The US dollar index was up 42 points, a negative input, while crude oil was 57 cents higher. The...
The cotton market resumed its slide on Monday, as contracts were down 22 to 100 points at the close. The outside influences had little effect, as the US dollar index was up 42 points, with crude oil 57 cents higher. The US cotton crop was reported at 24% planted as...
Members of Congress have sent a letter to Ag Secretary Tom Vilsack asking the USDA to reverse its decision to cancel and/or discontinue certain reports. Last month, the USDA’s National Ag Statistics Service announced it was canceling the July Cattle report, discontinuing the Cotton Objective Yield Survey, and all county...