banner-slide-3

News Details

Home / News / DTN Cotton Close

DTN Cotton Close

 Cotton Stumbles Higher Friday

Jun 16, 2023

On moderate volume, the cotton market ended this week on a positive note.

On moderate volume, the cotton market ended this week on a positive note. The market is assessing its many direct and indirect fundamentals such as poor exports, wild weather, a rising Dow Jones, and a two-sided U.S. dollar.

Friday afternoon, the CFTC will update its weekly commitment of traders report. Last week, the managed-money funds net-long some 4,000 contracts. 

The six- to 10-day forecast calls for above-normal temperatures for Texas. However, the El Nino weather pattern could bring even more rain to Texas, as well as the Delta and Southeast. 

Crude oil was steady to higher Friday as the general demand outlook tightened by increased Chinese usage, as well as recent supply cuts by OPEC. China's refinery demand was higher during May to its second-highest total on record.

July cotton will enter its delivery on June 26. The contract will expire on July 7.

Monday is a federal holiday, thus all banks and markets are closed. Cotton trading reopens Monday night.

Friday, July settled at 81.46 cents, up 0.82 cent and December 2023 ended at 80.10 cents, 0.50 cent higher. Estimated volume was 29,209 contracts.

Latest News & Reports

Basis Comparison

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-04-N...

Read More...

PCCA Cotton Market Weekly

November 1, 2024 The cotton market moved to the lower end of its long-term trading range this ...

Read More...

U.S. Weekly Export Sales

For Week Ending 24-Oct-2024 Net Upland Sales 2024-25 Net sales of Upland totaling 189,400 RB...

Read More...

Basis Comparison of ICS 105 with ICE Futures and Cotlook A Index - 28th October  2024

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-28-1...

Read More...

PCCA Cotton Market Weekly

OCTOBER 25, 2024 *Cotton futures were up for the week, but a lack of news left the marketplace re...

Read More...