Cotton Slips Lower on Thursday, as USDA’s Stocks Estimate Rises
Cotton futures closed with losses of 16 to 31 points across most contracts on Thursday. Crude oil futures fell back lower on Thursday, down $2.06/barrel. The US dollar index was falling, with losses of $1.888 so far on the day to $100.735. USDA reported a 100,000 bale increase to the...
Rice ending stocks tighten as cotton moves higher
The USDA’s domestic rice ending stocks guess is down on the month, while the cotton carryout estimate is up. U.S. rice ending stocks are seen at 44.5 million hundredweight, 2.5 million below March on cuts to imports and domestic use, which canceled out a lower export projection. The average estimated...
Cotton Pulling Back as USDA Cuts Export Projection
Cotton futures are down 21 to 39 points across most nearby contracts on Thursday. Crude oil futures are leaking back lower at midday, down $3.26/barrel. The US dollar index was is falling $1.903 so far on the day to 100.72. USDA reported a 100,000 bale increase to the US ending...
Cotton Continuing Push Higher on Thursday Morning
Cotton price action is up 20 to 43 points in early Thursday morning trade. Futures saw buying extend into the close, as contracts were up 72 to 108 points on Wednesday. Crude oil futures closed the day up $3.14/barrel, after rallying off of the lowest level since February 2021 overnight....
Cotton Rallies on Tariff Pause
Cotton futures saw buying extend into the close, as contracts were up 72 to 108 points on Wednesday. Crude oil futures closed the day up $3.14/barrel, after rallying off of the lowest level since February 2021 overnight. The US dollar index was steady on the day. Late on the Wednesday...
Cotton Sneaking Higher on Wednesday
Cotton futures are showing 3 to 27 point gains on Wednesday’s midday. Crude oil futures are down $2.17/barrel, to the lowest level since February 2021. The US dollar index is down $0.471 on the day. The addition 50% tariffs on China went into effect overnight, taking the new total to...
Cotton Mixed in Early Wednesday Trade
Cotton prices are up 5 points in the nearby May contract and down 20 to 29 points in other nearbys in early Wednesday trade. Futures posted Tuesday weakness, closing 44 to 56 points lower. Crude oil futures were down $2.48/barrel, falling to a 4-year low and the lowest close since...
Cotton Falls Back on Tuesday
Cotton futures posted Tuesday weakness, closing 44 to 56 points lower. Crude oil futures were down $2.48/barrel, falling to a 4-year low and the lowest close since April 2021. The US dollar index was back down $0.247 on the day. The addition 50% tariffs on China are set to go...
Cotton Turning Back Lower on Tuesday
Cotton futures are trading with contracts 56 to 77 points in the red so far on Tuesday. Crude oil futures are down 34 cents/barrel, as the US dollar index is back up $0.112 so far on the day. The addition 50% tariffs on China are set to go into effect...
Cotton Back to Mixed Trade on Tuesday Morning
Cotton price action on Tuesday morning is up 14 points in the May, but down 4 to 13 across most other contracts. Futures closed out the Monday session with contracts up 207 to 263 points. The outside markets were not supportive. Crude oil futures were down $1.17/barrel, as the US...
Cotton Rallies Back on Monday
Cotton futures closed out the Monday session with contracts up 207 to 263 points. The outside markets were not supportive. Crude oil futures were down $1.17/barrel, as the US dollar index was back up $0.452 on the day. NASS Crop Progress data indicated a total of 4% of the US...
Cotton Rally Holding at Midday
Cotton futures are showing 150 to 185 point gains so far on Monday at midday. Crude oil futures are 96 cents/barrel lower, as the US dollar index is back up $0.332 on the day. President Trump has responded to the Chinese retaliatory 34% tariff with an additional 50% on Chinese...
Cotton Rallying Back to Start Monday Trade
Cotton price action is up 93 to 160 points across most nearby contracts on Monday morning. Futures posted Friday losses of 115 to 144 points in the nearbys, with May down 354 points last week. Crude oil futures were $4.63/barrel lower, as the US dollar index was back up $0.821...
Cotton Close with Friday Losses
Cotton futures posted Friday losses of 115 to 144 points in the nearbys, with May down 354 points this week. Crude oil futures were $4.63/barrel lower, as the US dollar index was back up $0.821 on the day. In response to President Trump’s reciprocal tariffs, China issued a retaliatory tariff...
U.S. cotton prices feel impacts of trade war
The vice president of economics and policy analysis at the National Cotton Council says cotton prices are responding lower to trade retaliation from China. “In just the last few days, cotton prices have dropped from about 68 cents to 63 cents on the May contract. It’s a pretty significant drop.”...