Cotton Leaking on Friday Morning
Cotton price action is down 10 to 65 points across most contracts on Friday morning. Futures were down 21 to 88 points across most contracts on Wednesday. WTI crude oil is down $2.30/barrel this morning to $73.34/barrel. The US dollar index is down $0.223 to $98.245. The Seam reported 1,610...
Cotton Falls Lower on Wednesday
Cotton futures were down 21 to 88 points across most contracts on Wednesday. Crude oil was up 25 cents to $75.09/barrel, as price action was a little quieter. The US dollar index was back down $0.061 to $98.455. The markets will be closed on Thursday in observance of Juneteenth, with...
Cotton Weakness Continues on Wednesday
Cotton prices are down 35 to 70 points so far on Wednesday morning. Futures were down 17 to 47 points across most contracts on Tuesday. Crude oil was back up $3.70/barrel, as futures were adding risk premium back with President Trumps mulling US involvement in the Iran/Israel conflict. The US...
Cotton Weaker on Tuesday
Cotton prices were down 17 to 47 points across most contracts on Tuesday. Crude oil was back up $3.70/barrel, as futures were adding risk premium back with President Trumps mulling US involvement in the Iran/Israel conflict. The US dollar index was back up $0.853 to $98.405. The weekly Crop Progress...
Cotton Weaker on Tuesday
Cotton prices are down 5 to 37 points across most contracts on Tuesday. Crude oil is back up $2.04/barrel, as futures are adding risk premium back I President Trumps is calling for an unconditional surrender. The US dollar index is back up $0.623 to $98.185. The weekly Crop Progress report...
Cotton Slipping Back to Start Tuesday
Cotton price action is mostly lower on Tuesday morning, down 3 to 10 points. Futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures are giving some risk premium back as Iran there was light talk of negotiations. The US dollar index was back...
Cotton Pushes Higher into the Close
Cotton futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures are giving some risk premium back as Iran there was light talk of negotiations. The US dollar index was back down $0.396 to $97.780. The weekly Crop Progress report indicated that the US...
Cotton Posting Mixed Monday Trade
Cotton futures are down 7 points in July, with other contracts 22 to 50 points higher. Crude oil is back down $1.11/barrel at midday, as futures are giving some risk premium back following a weekend full of Israel and Iran strikes. The US dollar index is back down $0.396 to...
Cotton Pushing Higher on Monday Morning
Cotton price action is higher early on Monday, with gains of 10 to 25 points. Futures posted marginal 22 to 45 point gains on Friday, with some help from the outside markets. July was down 26 points last week, with December closing 37 points lower. Crude oil was up $5.27/barrel...
Cotton Close Out Friday with Gains
Cotton futures posted marginal 22 to 45 point gains on Friday, with some help from the outside markets. July was down 26 points this week, with December closing 37 points lower. Crude oil was up $5.27/barrel on Friday, following Israel strikes on Iran overnight. The US dollar index was back...
Cotton Posting Strength with Outside Support
Cotton futures are up 29 to 65 points so far on Friday, with some help from the outside market. Crude oil is up $4.16/barrel at midday following Israel strikes on Iran overnight. The US dollar index is back up $0.129 to $98.03. Weekly Export Sales data from USDA shows commitments...
Cotton Edging Higher on Outside Market Support
Cotton price action is up 2 to 13 points on Friday morning. Futures posted losses of 18 to 33 points on Thursday, despite a fairly bullish WASDE report. Crude oil is up $5.65/barrel this morning following Israel strikes on Iran overnight. The US dollar index is back up $0.534 to...
Cotton Faces Pressure, Despite Smaller Stocks Estimates
Cotton futures posted losses of 18 to 33 points on Thursday, despite a fairly bullish WASDE report. Crude oil prices were up 82 cents/barrel, with the US dollar index falling $0.754 to $97.850. USDA showed a 400,000 bale increase to the US export figure for 2024/25, dropping stocks by the...
Cotton Slipping Despite Bull Friendly USDA Data
Cotton futures are 18 to 45 points across most contracts on Thursday, despite a fairly bullish USDA report. Crude oil prices are down 17 cents/barrel, with the US dollar index falling $0.629 to $97.975. USDA showed a 400,000 bale increase to the US export figure for 2024/25 this morning, dropping...
Cotton Futures Weakening Ahead of USDA Data
Cotton futures posted marginally mixed trade on Wednesday, with contracts within 10 points of unchanged. Crude oil prices are up $3.32/barrel, with the US dollar index back down $0.455 to $98.615. The Cotlook A Index was back up 50 points on 6/10 at 78.50. ICE cotton stocks were up 67...