banner-slide-3

News Details

Home / News / DTN Cotton Close

DTN Cotton Close

Cotton Recovers Ahead of Long Weekend

May 26, 2023

The cotton market turned higher ahead of the Memorial Day weekend.

The cotton market turned higher ahead of the Memorial Day weekend as the U.S. dollar turned lower on the day and more rain is in the forecast for areas of Texas that are still too soaked to finish planting. Texas NASS reported that as of May 22, cotton planting was 35% complete, down 8 percentage points from the five-year average. The next crop progress report will be delayed until Tuesday, May 30, 3 p.m. EDT.

DTN weather forecast for the Delta notes soil moisture continues to be mostly favorable for developing crops. Drier conditions have developed in the region. Shower potential returns next week. Overall conditions continue to be good across the region for developing crops for now. NWS is forecasting above normal moisture for the High Plains on Friday evening and possible severe thunderstorms in the western Panhandle of Texas over the weekend.

The market reacted favorably Friday to the news that talks between President Biden and House Speaker McCarthy have indicated the U.S may be closer to a debt-ceiling deal, although it is uncertain as to what both have agreed on, as the June 1 deadline is approaching.

On Friday, July cotton closed at 83.35 cents, up 3.23 cents and December ended at 80.54 cents, up 2.04 cents.

Latest News & Reports

U.S. EXPORT SALES

For Week Ending 01-May-2025 Net Upland Sales 2024-25 Net sales of Upland totaling 65,800 RB ...

Read More...

Cleveland on Cotton

Outside Events Push Cotton Prices Closer to 70 Cents May 04, 2025 Cotton settled the week with...

Read More...

Basis Comparison of ICS 105 with ICE Futures and Cotlook A Index - 3rd May 2025

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index - 3-...

Read More...

PCCA Cotton Market Weekly

MAY 2, 2025 *The cotton market posted five consecutive days of losses, weighed down by weather an...

Read More...

U.S. EXPORT SALES

For Week Ending 24-Apr-2025 Net Upland Sales 2024-25 Net sales of Upland totaling 108,400 RB...

Read More...