banner-slide-3

News Details

Home / News / DTN Cotton Close

DTN Cotton Close

Cotton Closes Sharply Higher

May 15, 2023

The cotton market was triple-digits higher Monday.

The cotton market was triple-digits higher Monday as most outside markets, including the grains, the energies, and the metals, were positive. Also, there was something of a bullish-delayed reaction by traders to Friday's positive supply-demand updates, as trade didn't want to flock long ahead of the weekend. To that end, the managed-money funds continue to proportionally cover more of their net-short position.

This afternoon at 4 p.m. EDT, USDA will issue its latest crop progress update. With that we note the current 1- to 5-day forecast calls for rains of five inches for some Southwest locations. The 6- to 10- and the 8- to 14-day outlooks indicate above-normal chances as well. 

Tomorrow the Commerce Department will report on U.S. Retail Sales. Analysts are expecting April Sales to be 4.2%, year-over-year, versus the previous 2.9%. 

Traders are anticipating Thursday's export sales report. Last week's numbers showed sales of 247,000 bales, but lower shipments. Still, China was the top player in the exports arena.

Monday, July settled at 82.37 cents, up 1.84, and the December 2023 contract ended at 81.78 cents, 163 points higher. Monday's estimated volume was 30,797 contracts.

Latest News & Reports

Basis Comparison of ICS 105 with Cotlook A Index - 30th June 2025

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index - 30-06-2025 prep...

Read More...

Basis Comparison of ICS 105 with ICE Futures - 30th June 2025

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures - 30-06-2025 prepared...

Read More...

Cleveland on Cotton

70 Cent Cotton Is Within Reach Jun 28, 2025 Wow, nearly a 70-cent market! The old crop July wi...

Read More...

PCCA Cotton Market Weekly

JUNE 27, 2025 *Cotton prices were firm this week despite subdued export sales and geopolitical te...

Read More...

U.S. EXPORT SALES

For Week Ending 19-Jun-2025 Net Upland Sales 2024-25 Net sales of Upland totaling 27,300 RB ...

Read More...