JUNE 28, 2024 Cotton futures traded higher for much of the week but fell lower on Thursday after a disappointing Export Sales Report. • The December contract closed 196 points higher, settling at 74.58 cents per pound.
Read More / Download ReportFor Week Ending 20-Jun-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 90,600 RB for 2023/2024 were down 52 percent from the previous week and 50 percent from the prior 4-week average.
Read MoreWeather, Not Demand, Now Controls Cotton Market June 21, 2024 The tiny cracks in the bears’ armor remain just that – tiny. Yet, they exist and absent an absolutely unexpected widespread excellent rain over some nearly two million acres of Texas cotton (primarily Districts 1-N and 1-S) over the
Read More / Download ReportJUNE 21, 2024 Cotton futures were up modestly, finding support after trading on both sides of the market this week. • December futures fell to their lowest level since October 2022 but recouped some losses by the end of the week. The contract traded 83 points higher, settling at 72.62 cents
Read More / Download ReportFor Week Ending 13-Jun-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 189,000 RB for 2023/2024 were up 7 percent from the previous week and 2 percent from the prior 4-week average.
Read More / Download ReportGovernment of India has increased the Minimum Support Price of Medium Staple Cotton from 6,620 to 7,121 and Long Staple Cotton from 7,020 to 7,521 for season 2024-25.
Read More / Download ReportMill Buying Increases, Yet Cotton Market Remains Cautious June 14, 2024 There are tiny cracks appearing in the cotton bear’s armor. They are minute, well camouflaged, and may be difficult to penetrate, but finally they are there. Indications are that mills can finally see value in cotton wit
Read More / Download ReportJUNE 14, 2024 Cotton futures continued to slide on a looser balance sheet for June and rains in the Southwest. • Since last week’s close, July futures gave up 409 points, settling at 71.35 cents per pound. The decline is primarily due to the contract’s liquidation as First Notice Day approac
Read More / Download ReportFor Week Ending 06-Jun-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 177,100 RB for 2023/2024 were up 28 percent from the previous week, but down 2 percent from the prior 4-week average.
Read MoreJune-2024 COTTON: The 2024/25 U.S. cotton projections show higher beginning and ending stocks compared to last month. Projected production, domestic use and exports are unchanged.
Read More / Download ReportCotton Prices Holding, But Watch the Fundamentals June 07, 2024 Misery loves company and cotton had a lot of company this week. Yet, cotton trading should not have been that bad.
Read More / Download ReportJUNE 7, 2024 Cotton futures traded on both sides of the market but ultimately settled lower for the week. • Since last week’s close, July futures gave up 232 points, settling at 75.44 cents per pound.
Read More / Download ReportFor Week Ending 30-May-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 138,700 RB for 2023/2024 were down 38 percent from the previous week and 34 percent from the prior 4-week average.
Read MoreMAY 31, 2024 Last week’s gains were short-lived as the cotton market faced headwinds from weather and macroeconomic pressure. • Since last week’s close, July futures relinquished 396 points, settling at 77.76 cents per pound.
Read More / Download ReportFor Week Ending 23-May-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 222,600 RB for 2023/2024 were up 10 percent from the previous week and 25 percent from the prior 4-week average.
Read MoreHas Cotton’s Downturn Bottomed Out? May 26, 2024 Nothing is worse than to have land, money, and other resources already committed to production and watching the market (and the value of expected production) decline. Farming is a biological process and takes time, and time creates risk. Resou
Read More / Download ReportAnother Second Chance Price Rally Still Not Enough May 27, 2024 Cotton will come around. But as we have repeatedly commented, the 2024 crop will have to be priced in 2025, most likely based on the May 2025 contract.
Read More / Download ReportMAY 24, 2024 The market finally felt some relief after weeks of selling and finished higher in four consecutive trading sessions. • July futures gained 548 points from last week’s close, settling at 81.72 cents per pound. The July contract closed up the limit on Wednesday and had another str
Read More / Download ReportFor Week Ending 16-May-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 202,900 RB for 2023/2024 were up 30 percent from the previous week and 19 percent from the prior 4-week average.
Read MoreAnother Sloppy Week for Cotton Prices May 17, 2024 Cotton suffered another sloppy week as lower Chinese prices, coupled with bearish inflation numbers and very weak apparel sales, all worked to force prices lower – even limit down one day and near limit down trading on another.
Read More / Download ReportMAY 17, 2024 Cotton futures traded on both sides of the market but gave back the previous week’s gains. • July futures fell 236 points from last week’s close, settling at 76.24 cents per pound. The July contract closed limit down on Tuesday.
Read More / Download ReportFor Week Ending 09-May-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 156,500 RB for 2023/2024 were down 38 percent from the previous week and 7 percent from the prior 4-week average.
Read MoreHas the Cure for Low Cotton Prices Set In? The cure for low prices has finally set in. The recovery will be slow and, just like recovery from many ailments, there will be good and bad days. Some setbacks can be expected along the way.
Read More / Download ReportMAY 10, 2024 After the bottom fell out of the market last week, July futures managed small gains for the week but ran into resistance around 80.00 cents per pound. • July futures settled at 78.60 cents per pound, finishing 298 points higher for the week.
Read More / Download ReportMay-2024 COTTON: The U.S. cotton projections for 2024/25 include a larger crop as planted area is slightly higher and abandonment is projected at less than half the rate realized in 2023/24. Production is forecast at 16.0 million bales, based on 10.67 million planted acres as indicated in the M
Read More / Download ReportFor Week Ending 02-May-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 253,700 RB for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases China 119,000 RB Pakistan 36,300 RB Vietnam 27,500 RB Turkey 21,500 RB Indonesia 19,600
Read More / Download ReportPrepare to Price 2024 Cotton Late in the Marketing Season Fundamentals drove cotton prices down to the mid-70s before selling ran out of steam and a small bit of demand brought prices back to the high 70s for old crop and the mid-70s for new crop.
Read More / Download ReportMAY 3, 2024 After gaining a little ground last week, July futures spent the week on a downward descent. • July futures settled at 75.62 cents per pound, finishing 546 points lower for the week.
Read More / Download ReportFor Week Ending 25-Apr-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 97,400 RB for 2023/2024 were down 45 percent from the previous week and 20 percent from the prior 4-week average. Increases Vietnam 29,600 RB Pakistan 17,400 RB China 15,000 RB India 7,100 RB Banglad
Read More / Download ReportCotton Prices Trapped as Export Sales Continue with No Change in Demand Apr 28, 2024 Low prices have encouraged export sales of all growths and U.S. cotton continues to move. Yet the level of sales is not sufficient to suggest that demand is improving. In fact, the level of sales does not ev
Read More / Download ReportAPRIL 26, 2024 July futures spent most of the week trying to recoup some of last week’s losses. May First Notice Day was on Wednesday, April 24, with 213 notices issued so far this month.
Read More / Download ReportFor Week Ending 18-Apr-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 177,100 RB for 2023/2024 were up 21 percent from the previous week and 73 percent from the prior 4-week average. Increases China 94,700 RB Pakistan 26,800 RB Vietnam 14,200 RB Turkey 9,700 RB Taiwa
Read More / Download ReportFocus Shifts to Production as Cotton Prices Falter Apr 19, 2024 The cotton market suffered through another week of mad cow disease as the new crop December contract fell to a low of 77.26 cents before recovering, settling the week at 77.55. The old crop May contract settled the week at 78.69 c
Read More / Download ReportAPRIL 19, 2024 July futures continued their descent, finishing higher in only one trading session this week. • May First Notice Day is less than a week away, so traders are focused on the July contract. July futures settled at 80.61 cents per pound, finishing 464 points lower for the week.
Read More / Download ReportFor Week Ending 11-Apr-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 146,100 RB for 2023/2024 were up 79 percent from the previous week and 64 percent from the prior 4-week average Increases China 92,600 RB Pakistan 9,600 RB Vietnam 9,000 RB Bangladesh 5,500 RB El Sa
Read MoreNo Sugar Coating: Bearish Tones Return to Cotton Market Apr 14, 2024 Thoughts that cotton had been knocked out last week were premature, as the spot May contract and other prices across the board fell in unison – including the especially important new crop December contract.
Read More / Download ReportAPRIL 12, 2024 Cotton futures continued to fall during a busy, data-driven week. • May futures settled at 83.37 cents per pound, finishing 377 points lower for the week.
Read More / Download ReportAPRIL 2024 COTTON: The U.S. 2023/24 cotton supply and demand projections are unchanged this month, with ending stocks forecast at 2.5 million bales or 18 percent of total disappearance.
Read More / Download ReportFor Week Ending 04-Apr-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 81,500 RB for 2023/2024 were down 4 percent from the previous week and 10 percent from the prior 4-week average.
Read MoreAPRIL 5, 2024 May cotton futures finished below 90 cents per pound after falling under pressure for three consecutive sessions. • May futures settled at 87.14 cents per pound, finishing 424 points lower for the week. This is the contract’s lowest close since January 31.
Read More / Download ReportFor Week Ending 28-Mar-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 84,900 RB for 2023/2024 were down 14 percent from the previous week, but up 4 percent from the prior 4-week average.
Read MoreOld Crop Cotton Supported As Price Creeps Lower Mar 29, 2024 My best cotton friend in Lubbock says the market is going higher while my best buddy in Memphis says it’s going lower. Of course, I agree with my friends.
Read More / Download ReportMARCH 28, 2024 Cotton futures finished lower for the week at 91.38 cents per pound but managed to recover some of the week’s losses after the release of Thursday’s Prospective Plantings report. • May futures closed at 91.38 cents per pound, finishing 83 points lower for the week.
Read More / Download ReportAll cotton planted area for 2024 is estimated at 10.7 million acres, up 4 percent from last year. Upland area is estimated at 10.5 million acres, up 4 percent from 2023. American Pima area is estimated at 203,000 acres, up 38 percent from 2023
Read More / Download ReportFor Week Ending 21-Mar-2024 Net Upland Sales 2023-24 Net sales of Upland totaling 98,200 RB for 2023/2024 were up 8 percent from the previous week and 46 percent from the prior 4-week average.
Read MoreCotton Prices Holding, But Looking a Bit Weary Mar 24, 2024 Some times are more difficult than others. That great cotton and pecan grower Jerry Calvani of New Mexico used to suggest I was “struggling” during those times.
Read More / Download ReportMARCH 22, 2024 Cotton futures traded on both sides of the market but eventually settled lower for the week. • May futures continued last week’s descent, closing at 92.21 cents per pound and finishing 127 points lower.
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