Market News
Cotton Off Highs, Still Higher on Monday
BarchartMon Mar 18, 5:23PM CDT
The May cotton futures were 163 points off their 226 point gain for the close, though the nearby contracts were still 1 to 67 points higher at the close. The Cotlook A Index for was down by 135 points to 98.45 on 3/15. USDA’s weekly Cotton Market Review showed 11,320...
Cotton Holding Firm at Midday
BarchartMon Mar 18, 12:04PM CDT
Cotton futures attempted to rally out of the weekend early on Monday, though futures have backed off from their 226 point gains. Current prices are still up by 14 to 58 points at midday. The Cotlook A Index for was down by 135 points to 98.45 on 3/15. USDA’s weekly...
Morning Cotton Up Triple Digits
BarchartMon Mar 18, 7:10AM CDT
Cotton prices are starting out the new week with triple digit gains so far for old crop. The May contract was up by 226 points earlier overnight. Nearby cotton futures settled 24 to 46 points in the black on Friday. May futures had a net 134 point loss for the...
Cotton Closed Firmer on Friday
BarchartFri Mar 15, 5:22PM CDT
Nearby cotton futures settled the last trade day of the week 24 to 46 points in the black. May futures again tried to rally this week earlier, but closed off the highs for the week and at a net 134 point loss. Dec cotton finished the week with a net...
Cotton Working for Neutral Weekly Move
BarchartFri Mar 15, 11:57AM CDT
Cotton prices are up by 40 to 56 points at midday, which has the board working back towards neutral for the weekly move. Weekly Export Sales data had 85,845 RBs of cotton booked for the week that ended 3/7. That was up 65% for the week, but marked the 3rd...
Cotton Starting Friday Mixed
BarchartFri Mar 15, 7:31AM CDT
Morning cotton futures are trading mixed within 10 points after spending most of the 117 point overnight range in the black. The cotton market pushed lower on Thursday with triple digit losses for the old crop contracts. May futures saw a 234 point range on the day from -170 to...
Cotton Futures Fall Triple Digits
BarchartThu Mar 14, 4:51PM CDT
The cotton market pushed lower on Thursday with triple digit losses for the old crop contracts. May futures saw a 234 point range on the day from -170 to +64 so far. New crop cotton was also weaker though losses were limited to 53 points. OI in Dec is still...
Cotton Prices Red so far
BarchartThu Mar 14, 12:10PM CDT
Nearby futures are again printing a wide trading range intra day, as May has been from -168 to +64 so far. At midday the board is 23 to 135 points in the red, with futures ~30 points off their lows. NOAA’s updated 7-day QPF shows rainfall for the TX Gulf...
Cotton Trading Red ahead of Export Sales Report
BarchartThu Mar 14, 7:22AM CDT
Cotton prices are down by 27 to 75 points so far ahead of USDA’s weekly Export Sales data release. Cotton prices finished Wednesday with 29 to 37 point gains in new crop, but 25 to 33 point losses in old crop. May futures printed 170 point range. The May/Dec spread...
Mixed Close in Cotton Market
BarchartWed Mar 13, 5:06PM CDT
Cotton prices finished the trading session with 29 to 37 point gains in new crop, but 25 to 33 point losses in old crop. My futures printed 170 point range for the midweek session. The May/Dec spread tightened to a 10.94 cent/lb new crop discount. NASA’s Grace Rootzone soil moisture...
Cotton Mostly Higher at Midday
BarchartWed Mar 13, 12:11PM CDT
Front month cotton gains are limited to 40 points for the midday prints. Futures are trading mostly in the black, though the lead month May contract is 3 points in the red. May has traded within a 170 point range so far for the midweek session. NASA’s Grace Rootzone soil...
AM Weakness for Cotton Futures
BarchartWed Mar 13, 7:51AM CDT
Cotton is down 20 points in early Wednesday trading, though prices were up by a penny overnight. Front month cotton contracts closed 17 to 40 points higher on Tuesday. That took the May contract back to net UNCH for the week’s move. The May contract printed a 172 point range...
Tuesday Strength for Cotton Futures
BarchartTue Mar 12, 5:37PM CDT
Front month cotton futures closed 17 to 40 points higher. That took the May contract back to net UNCH for the week’s move. The May contract printed a 172 point range on the day from -101 to +71 points. The Cotlook A Index retreated by 335 points back to 101.60...
Tuesday Cotton Trade Leading to another Wide Ranged Day
BarchartTue Mar 12, 12:11PM CDT
May cotton has seen another wide ranged session already on Tuesday from -100 points to +71 points. Midday prices are 1 point to 24 points in the black across the front month contracts. The Cotlook A Index retreated by 335 points back to 101.60 cents for 3/11. The Seam reported...
Morning Cotton Prices Fading so far
BarchartTue Mar 12, 7:28AM CDT
The AM cotton market is trading 50 to 82 points weaker, with the larger moves again in the old crop contracts. May cotton futures ended the first trade day of the week 22 points in the red. The contract had traded as weak as -73 points and as high as...