Market News
Cotton Posts Turnround Tuesday Bounce
BarchartTue May 7, 5:03PM CDT
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...
Cotton Showing Turnround Tuesday Bounce
BarchartTue May 7, 11:58AM CDT
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...
Cotton Getting Tuesday AM Pop
BarchartTue May 7, 7:29AM CDT
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...
Cotton Resumes Slide on Monday
BarchartMon May 6, 4:55PM CDT
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 urge Vilsack to reverse decision to cancel some reports
Brownfield Ag NewsMon May 6, 2:36PM CDT
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...
Cotton Continuing Weakness on Monday
BarchartMon May 6, 11:58AM CDT
The cotton market is continuing the weaker trade, as contracts are down 57 to 111 points across most liquid contracts. Commitment of Traders data shows managed money in cotton futures and options flipping to a new net short position during the week that ended on 4/30 to -1,934 contracts that...
Cotton Pulling Back on Monday After Friday’s Bounce
BarchartMon May 6, 7:29AM CDT
Overnight market action in the cotton market has futures down 38 to 150 Cotton prices closed out the week with a dead cat bounce, up 53 to 244 points. July was down 284 points for the full week, with December 134 points lower. A weaker US dollar helped cotton bulls...
Cotton Rallies to End Week of Losses
BarchartFri May 3, 4:25PM CDT
Cotton futures closed out the week on a better note for the bull as contracts were up 53 to 244 points. July was down 284 points this week, with December 134 points lower. A weaker US dollar helped to close out the day with losses of 218 points. Commitment of...
Cotton Rallying After Week of Losses
BarchartFri May 3, 11:57AM CDT
Cotton futures are seeing some profit taking off the recent drop, as contracts are up 147 to 268 points at midday, disregarding the thin May. A weaker US dollar is also helping, with midday losses of 288 points. ICE certified cotton stocks were down 11 bales on the first of...
Cotton Showing Mixed Trade on Friday Morning
BarchartFri May 3, 7:14AM CDT
Cotton prices are posting mixed trade to start the final trade session of the week, with July down 59 points and new crop steady to 6 cents higher. Futures continued to work lower as the recent drop in prices hasn’t seemed to attract much export business according to recent USDA...
Cotton
BarchartThu May 2, 5:01PM CDT
Cotton futures reverted to continued weakness as the recent drop in prices hasn’t seemed to attract much export business according to recent USDA data. Contracts were down 35 to 120 points on the day. This morning’s Export Sales report showed 97,408 RB of upland cotton sold in the week ending...
Cotton Lower After Disappointing Export Sales Data
BarchartThu May 2, 12:07PM CDT
Cotton futures are reverting to continued weakness, despite an overnight recovery. Contracts are down 88 to 101 points at midday, as May is showing thin trade. This morning’s Export Sales report showed 97,408 RB of upland cotton sold in the week ending on April 25, down 45% from the previous...
Cotton Posting Thursday Morning Recovery
BarchartThu May 2, 7:33AM CDT
Cotton prices are higher after 58 to 115 point gains in overnight action. Futures were down 37 to 211 points across the board on Wednesday. Crude Oil was feeling the pressure, below $80 per barrel on the day, $2.77 lower. The Fed showed no changes to rates after their 2...
Cotton Continue Weakness into Close
BarchartWed May 1, 5:02PM CDT
Cotton futures are down 37 to 211 points across the board at the close. Crude Oil was feeling the pressure, below $80 per barrel on the day, $2.77 lower. The Fed showed no changes to rates after their 2 day meeting this afternoon, and stated they need to see inflation...
Cotton Continue Weakness on Wednesday
BarchartWed May 1, 12:01PM CDT
Cotton futures are down 128 to 210 points across most contracts at midday. Crude Oil was is feeling the pressure, down below $80 per barrel at midday, down $2.65. The US dollar index is up 40 points on the day. The Fed will be out later this afternoon after their...