Cotton futures closed the Friday session with contracts gaining some steam, up 23 to 33 points. March was up 148 points on the week. Crude oil futures were down 75 cents/barrel on the day, with the US dollar index $0.531 lower. The markets will be closed on Monday for President’s...
Cotton futures are up 19 to 22 points in the nearbys so far on Friday. Crude oil futures are down 58 cents/barrel higher on the day, with the US dollar index $0.646 lower. The markets will be closed on Monday for President’s Day, with a normal open for the Tuesday...
Cotton prices are trading with a Friday AM bounce of 14 to 43 points so far. Contracts posted losses of 59 to 64 points across the nearbys at the Thursday close. Crude oil futures were 4 cents/barrel higher on the day, with the US dollar index $0.858 lower. The markets...
Cotton futures posted Thursday losses of 59 to 64 points across the nearbys at the close. Crude oil futures were 4 cents/barrel higher on the day, with the US dollar index $0.858 lower. Export Sales data tallied a total of 244,673 RB of cotton sold for the week ending on...
Cotton futures are trading with Thursday losses of 58 to 66 points across most contracts at midday. The outside markets should be supportive factors at midday, as crude oil futures are 4 cents/barrel higher, with the US dollar index $0.558 higher on the day. Export Sales data from this morning...
Cotton prices are facing pressure on Thursday morning, with losses of 50 to 70 points. Futures closed the midweek session with the gains of 2 to 12 points. The outside markets were pressure factors on the midweek session, as crude oil futures were down $2.10/barrel, with the US dollar index...
Cotton price action at the midweek session held the gains on from throughout the session, as contracts closed with 2 to 12 point higher trade. The outside markets were pressure factors on the midweek session, as crude oil futures were down $2.10/barrel, with the US dollar index $0.057 higher on...
A cotton farmer from Texas says she’s expecting the USDA to honor contracts for farmers participating in the Environmental Quality Incentives Program. Alisha Schwertner told the House Ag Committee in a hearing on Tuesday “We have $100,000 of outstanding funds with projects, but we’ve never not been paid. I’m confident...
Cotton futures are shrugging off some pressure from the outside markets and a negative USDA report from Tuesday, with midday gains of 2 to 14 points on Wednesday. The outside markets are mixed pressure on the midweek session, as crude oil futures are adding pressure, down $1.67/barrel, with the US...
Cotton price action is continuing to move higher on Wednesday, with gains of 20 to 26 points. Futures largely ignored the larger projected stocks from the USDA on Tuesday, with contracts holding onto gains of 67 to 86 points into Tuesday’s close. The outside markets were supportive factors on Tuesday....
Cotton futures largely ignored the larger projected stocks from the USDA on Tuesday, with contracts holding onto gains of 67 to 86 points into Tuesday’s close. The outside markets were supportive factors on Tuesday. Crude oil futures were up 86 cents/barrel, with the US dollar index back down $0.413 on...
Cotton futures reached an eleven-year high of over $1.50 per pound in 2022 but ran out of upside steam. They last traded above $1 in March 2024 before falling under the 70 cents per pound level. As the cotton market heads into the 2025 crop year, the price is at an attractive level that could have significant upside potential.
The USDA increased its domestic cotton and rice ending stocks estimates. U.S. rice stocks are now pegged at 47 million hundredweight, up 3.5 million from January on higher imports and lower exports, which canceled out a gain in the domestic and residual use guess. The average 2024/25 farm price was...
Cotton futures are ignoring the larger projected stocks from the USDA today, with contracts holding onto gains of 58 to 77 points on Tuesday. The outside markets are supportive factors, as crude oil futures are up 97 cents/barrel. The US dollar index is back down $0.298 on the day. Cotton...