banner-slide-3

News Details

Home / News / DTN Cotton Close

DTN Cotton Close

DTN Closing Cotton: Cotton Chops Sideways Friday

April 14, 2023

The market traded positive and negative Friday, as outside influences kept cotton from any serious attempt at posting higher prices.

The market traded positive and negative Friday, as outside influences kept cotton from any serious attempt at posting higher prices. The Dow was triple-digit lower, while gold melted some $48 down. Meanwhile, the U.S. dollar traded higher. The financial markets are concerned with another rate hike for the Federal Reserve. As of Friday, there is an 85% consensus that the central bank will do that at its May meeting. 

On Monday, USDA will update the planting progress of the 2023 crop. Currently, there is no rain for West Texas forecast for the next one to five days. Moreover, the six- to 10- and the eight- to 14-day outlooks show above-normal temperatures and below-normal rainfall. 

Retail sales for March fell by 1% the Commerce Department reported Friday. Fears of rising interest rates, bank failures and an imminent recession are causing the U.S. consumer to obviously rein in their spending.

Friday afternoon, the CFTC will update its Commitment of Traders report. At last count, the managed-money funds were net short some 17,274 contracts.

As of Friday's settlement, May cotton is down 0.34 cent on the week, up 0.08 cent on the month and down 0.59 cent for the year.

Lastly, options on spot May futures will expire Friday on the close.

Friday, May 2023 finished at 82.86 cents, down 0.49 cent, July settled at 82.93 cents, down 0.26 cent and December 2023 ended at 82.80 cents, 0.08 cent lower. Estimated volume was 52,396 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...