JANUARY 3, 2025 Cotton futures have remained range-bound, with light trading volumes and underwhelming export sales and shipments. While stock markets showed strong back-to-back performance, cotton continues to face challenges from a stronger U.S. dollar.
Read More / Download ReportJANUARY 10, 2025 The cotton market remained quiet ahead of Friday’s WASDE report, which delivered a bearish outlook with increased U.S. production and higher ending stocks.
Read More / Download ReportJANUARY 17, 2025 Cotton prices remain under pressure following a bearish USDA supply and demand report. Recent inflation trends also impacted the market.
Read More / Download ReportThe Best Cure for Low Price is Low Prices January 17, 2025 Cotton continues to be hit hard by speculative funds as USDA supply demand estimates heap more bearish fundamentals on the market – even more than I expected (and even the casual reader of this column knows I have been very bearish).
Read More / Download ReportJANUARY 24, 2025 A week of following headlines sparked brief reactions in the cotton market, but it remained relatively flat.
Read More / Download ReportAre Stronger Exports Signaling Imporved Cotton Demand? January 26, 2025 Cotton hit a positive note this past week in the export sales report, but we will need more. Too, there is another positive note that merits a few comments as well.
Read More / Download ReportA Few Marketing and Policy Updates and Other Thoughts January 27, 2025 Prices. Old crop futures (March 2025) have shown additional weakness in recent weeks. This is due to a bearish January USDA supply/demand report, sometimes good but too often weak exports, and growing concerns about demand.
Read More / Download ReportJANUARY 31, 2025 Disappointing news pressured the cotton market to new lows this week, while a steady flow of economic data produced volatility in financial markets. Is there relief in sight for cotton prices? Get QuickTake’s read on the week’s events in five minutes.
Read More / Download ReportBad Market Week Squeezes Cotton Prices February 03, 2025 Cotton prices fell through their yearlong major price support level, establishing a life-of-contract low and destroying the heretofore impenetrable 66-67 long-term support. The writing had been on the wall for some time, as prices had ba
Read More / Download ReportFEBRUARY 7, 2025 Tariffs caused volatility in the markets this week. As the market responds to these uncertainties and looks toward next week’s updated supply and demand report, can cotton prices see some stabilization? Get QuickTake’s read on the week’s events in five minutes.
Read More / Download ReportDemand Still Not Painting a Pretty Picture for Cotton February 10, 2025 After a full week of lower prices, the market renewed its teasing with four consecutive days of higher moves. That appeared positive until one realized that the weekly March settlement was only 65.63 – up a few meager 10 o
Read More / Download ReportFEBRUARY 14, 2025 *The cotton market saw a slight bounce as traders exited March positions and tariff news continuing to drive volatility across all markets. Have cotton prices found a floor, or will the approaching March First Notice Day bring more volatility as the focus shifts to the May contr
Read More / Download ReportShort Squeeze and New Trading Range On Tap for Cotton? February 15, 2025 The best news is that a few are now predicting that the old crop March, May, and July futures contracts look to have a trading range between 67 and 75 cents. Let’s hope they are correct.
Read More / Download ReportFEBRUARY 21, 2025 Cotton prices saw a slight bounce before pulling back, driven by a mix of market pressure and external factors. Despite strong export sales, the outlook remains uncertain, with rising concerns over tariffs and global economic stability.
Read More / Download ReportA Bit of Sunshine for the Cotton Market? February 24, 2025 Finally, there is some positive news in the cotton market…but truthfully, it may be too little, too late. Either way, it does bode well for 2025 crop price prospects – that is, the crop that will go in the ground later this year.
Read More / Download ReportFEBRUARY 28, 2025 Cotton prices fell under pressure from trade tensions and a weak technical outlook. USDA reported that cotton acreage is expected to decrease next year while production remains nearly unchanged.
Read More / Download ReportUgly Price Picture as Cotton Moves to May Contract March 03, 2025 Unfortunately, the cotton market performed as expected during the past week, with the new spot month May futures contract free falling to the expiring March contract lows and setting up another challenge of the 65-cent market lo
Read More / Download ReportMARCH 7, 2025 Cotton prices remained under pressure this week, weighed down by volatile tariff news. Stock markets faced similar headwinds, erasing all gains made in 2025.
Read More / Download ReportTariff or No Tariff, Current Cotton Price Drops Not Surprising March 07, 2025 Cotton found a rollercoaster ride on the week, slipping down to the 63-cent level that we forecast. But a bit of profit taking on the heels of a solid export sales report saw a triple-digit price increase back to the
Read More / Download ReportMARCH 14, 2025 Cotton prices recovered slightly this week, although fundamentals remain bearish. Stock markets struggled with ongoing trade tensions and economic concerns.
Read More / Download ReportCotton Price Improvement Is On the Horizon March 15, 2025 Buy December calls. Buy July calls. Maybe do a 71-75 cent spread.
Read More / Download ReportMARCH 21, 2025 *Cotton prices were lower this week while stock markets regained some recent losses. Export shipments stayed strong, but mill demand softened. With a weak technical and fundamental outlook and broader economic factors weighing on prices, can any positive shift occur or are challeng
Read More / Download ReportMarket Watches Mother Nature as Cotton Planting Begins March 24, 2025 Time moves on, but old crop cotton prices remain mired in the doldrums of a flat market and will continue to be stuck in those same doldrums for another 8-10 weeks.
Read More / Download ReportMARCH 28, 2025 Cotton prices rose this week but remained within a tight trading range. Export shipments remained strong, yet mill demand stayed soft. The technical trends outlook remains weak.
Read More / Download ReportCotton Market Teasing Higher Prices-But Not Quite Yet March 30, 2025 The cotton market teased us again with the old crop May contract nearing the 68-cent mark and very active trading above 67 cents. However, the May backed off and settled the week slightly below 67 cents. It’s okay for the
Read More / Download ReportAPRIL 4, 2025 Markets plunged into turmoil following the Trump Administration’s announcement of tariffs on key U.S. trading partners. The cotton market hit its daily trading limit to close the week under intense risk-off pressure.
Read More / Download ReportPlanting Intentions Overview and Considerations April 06, 2025 Farmers say they intend to plant 9.87 million acres of cotton this year – down 11.8% from last year. This is based on a survey of producers conducted by USDA during the first two weeks of March.
Read More / Download ReportDespite Tariff Confusion, Low Cotton Prices Are Likely Temporary April 07, 2025 It’s only temporary. The talking heads will go to sleep, and their tariff confusion will disappear sooner than later. Cotton prices at 63 cents are little changed from six weeks ago. Equities, bonds, and most commo
Read More / Download ReportAPRIL 11, 2025 Market volatility persisted after the Trump Administration’s announcement and subsequent pause of tariffs on key U.S. trading partners.
Read More / Download ReportMarket Fundamentals Providing Better Footing for Cotton Prices April 14, 2025 The market gave cotton a bit more footing this past week as price activity returned to trading fundamentals as opposed to the news media’s chaotic presentation of tariffs and the resulting Wall Street knee jerk activ
Read More / Download ReportAPRIL 17, 2025 Market volatility persisted, but cotton prices were more or less unchanged by the week’s end. The ongoing trade war remained a focal point, while economic concerns led to losses in the stock market.
Read More / Download ReportCotton Prices Remain Range Bound Despite Small Rally April 18, 2025 It is a wonderful weekend – Easter around the Globe. May all find peace and goodness.
Read More / Download ReportAPRIL 25, 2025 The cotton market rallied, drawing strength from outside markets. While the trade war continues, there’s potential relief on the horizon regarding tariffs.
Read More / Download ReportLittle Hope of Improved Cotton Prices on the Horizon April 28, 2025 New crop cotton prices held the 70-cent line…well almost, slipping as last Friday’s trading session expired leaving the weekly close at 69.87 cents.
Read More / Download ReportMAY 2, 2025 The cotton market posted five consecutive days of losses, weighed down by weather and broader market headwinds. Although the trade war continues, there are signs that tariff relief may be on the horizon.
Read More / Download ReportOutside Events Push Cotton Prices Closer to 70 Cents May 04, 2025 Cotton settled the week with a Happy Face as market participants moved closer to the realization that Washington’s tariff policy could be positive to both the market and to the economic wellbeing of the U.S.
Read More / Download ReportMAY 9, 2025 Outside markets and ongoing headlines continue to pressure the cotton market. However, signs of a potential trade deal this week offered a rare dose of optimism. Next week brings USDA’s first official look at the 2025/26 crop year.
Read More / Download ReportSeesaw Cotton Pricing Continues May 11, 2025 The year 1965 gave us the song “Catch Us if You Can.” Reference to those lyrics fits the scenario of a market continuing higher and higher. Maybe just the mention of it will seed a price jump in the market.
Read More / Download ReportCould This Be the Beginning of Price Improvement? May 15, 2025 If cotton prices are to improve, it’s got to start sometime, somehow. If improvement is to be in our future, the underlying economic fundamentals must begin to swing in that direction and market uncertainties diminish.
Read More / Download ReportMAY 16, 2025 While the cotton market continues to react to headlines, this week brought a dose of fundamentals with the release of the 2025/26 supply and demand outlook.
Read More / Download ReportIs There Light at the End of Cotton’s Tunnel? May 18, 2025 We are all well worn out with low prices and negative comments. Too, the general news media can’t seem to be happy unless they tell us how weak the economy is. But this past week was full of economic news, all positive.
Read More / Download ReportMAY 23, 2025 With headline risk subdued and few data releases, cotton prices were little changed. With uncertainty around tariffs and global developments still looming, where will cotton prices go from here? Get QuickTake’s read on the week’s events in five minutes.
Read More / Download ReportPrice Resistance Continues to Cap Chances of Cotton Rally May 26, 2025 Cotton enters the three-day Memorial Day weekend tied tightly to the narrow three-cent trading range experienced the past several weeks. Call it a four-cent trading range, and we can essentially stretch it out to a six-mont
Read More / Download ReportSEPTEMBER 27, 2024 *The cotton market faced new production concerns as Hurricane Helene approached Georgia. Disappointing export sales highlight ongoing demand weakness while the threat of supply chain disruptions looms. How will these developments shape the market in the weeks ahead? Get QuickTa
Read More / Download ReportMarket Remains Flat Despite Bullish Reports September 27, 2024 Conventional wisdom has it that there is something we do not understand when the market gives us a bullish report and there is no positive price reaction. Retracing last week’s first sentence, USDA has given the market three consec
Read More / Download ReportSEPTEMBER 20, 2024 *Cotton prices surged to their highest level since July amidst a volatile trading week. This increase followed the Federal Reserve’s cut to interest rates for the first time in four years. Is this rally a turning point for cotton prices, or is it primarily influenced by technic
Read More / Download ReportBulls Pushing for Cotton Rally, But Bears Continue to Lurk September 20, 2024 Some say just two, but USDA has now given the market three consecutive bullish supply demand reports. Both world and U.S. stocks have come down to very manageable levels.
Read More / Download ReportTabulation & Chart regarding the Comparison of ICS 105 with ICE Futures & Cotlook A Index prepared by CAI for the information of CAI Members.
Read More / Download ReportDemand Issues Stymie Bullish Supply Demand Report September 13, 2024 What should we think about a very bullish USDA supply demand report? One would have never guessed that the 1955 release of “Where Have All The Flowers Gone” would portend the demise of the long and honorable profession of gro
Read More / Download ReportTabulation & Chart regarding the Comparison of ICS 105 with ICE Futures & Cotlook A Index prepared by CAI for the information of CAI Members.
Read More / Download ReportSEPTEMBER 13, 2024 *Is USDA underestimating September production in this month’s World Agricultural Supply and Demand Estimates (WASDE) report, or is it truly as low as it claims? Meanwhile, U.S. inflation hits a three-year low, shifting focus to next week’s Fed meeting. Get QuickTake’s read on
Read More / Download ReportCotton Prices Hold on Signs of a Better U. S. Crop September 08, 2024 Just as the light appears at the end of the tunnel, we are run over by an oncoming train.
Read More / Download ReportTabulation & Chart regarding the Comparison of ICS 105 with ICE Futures & Cotlook A Index prepared by CAI for the information of CAI Members.
Read More / Download ReportSEPTEMBER 6, 2024 Are the Texas rains too little, too late, or is there still hope for an upside surprise in the crop? Meanwhile, cotton and other markets wonder whether the Fed will stick the landing or push the economy into recession. Get QuickTake’s read on the week’s events in five minutes.
Read More / Download ReportCotton Market Showing Positive Movement August 31, 2024 The dog days of August are over, and cotton has climbed back to 70 cents. Cotton prices backed and filled all week with a couple of triple digit gain days with only limited pressure to push prices lower. Effectively the market kept the bi
Read More / Download ReportAUGUST 30, 2024 Shifting weather forecasts and economic signals from the Fed have kept traders on their toes. Despite a turbulent week, cotton futures have shown resilience, offering a glimpse into what may lie ahead for the U.S. crop and global demand.
Read More / Download ReportTabulation & Chart regarding the Comparison of ICS 105 with ICE Futures & Cotlook A Index prepared by CAI for the information of CAI Members.
Read More / Download ReportTabulation & Chart regarding the Comparison of ICE-Futures & ICS-105 prepared by CAI for the information of CAI Members.
Read More / Download ReportAUGUST 23, 2024 The December contract closed higher for four out of five trading sessions this week. • December futures gained 219 points, settling at 69.34 cents per pound.
Read More / Download ReportLittle Reason to be Bullish on Cotton, But Ample Reason to be Positive August 23, 2024 Finally, cotton gets a plus 70 cent close. The 67-cent mark held. The tooth pulling and gashing of teeth is over, but probably another test of the high 60s is not. Likely prices will slip back below the 70s
Read More / Download ReportCotton Market Searching for the Right Mix August 23, 2024 Over the past 3 months, prices (December futures) have made four consecutive lower lows – rallies followed by a subsequent decline to lower than where the market was before the rally.
Read More / Download ReportAUGUST 16, 2024 Bearish sentiment remains in the cotton market amidst a weak technical outlook. • The December futures contract lost 9 points for the week ending August 15, settling at 67.15 cents per pound. On Wednesday, a new low settlement price of 67.05 was established.
Read More / Download ReportCotton Price Resistance Hanging at 67 Cents August 16, 2024 The cotton market’s 67-cent price resistance continues to be tested day after day. While carryover stocks are declining, the world major exporters – Brazil and the U.S. – have more than sufficient crops to fill the import needs of
Read More / Download ReportTabulation & Chart regarding the Comparison of ICE-Futures & ICS-105 prepared by CAI for the information of CAI Members.
Read More / Download ReportAUGUST 9, 2024 December futures made a contract low, caving to outside market pressure and a weak technical outlook. • The December contract fell 84 points, settling at 67.24 cents per pound.
Read More / Download ReportCotton Market Fighting Off Bearish Push for Lower Prices August 09, 2024 December cotton futures fought off the bears trying to push prices below the 67-cent support level all week. The market caught a bit of a positive tone on Friday (Aug.9), ending the week with a triple digit 110-point gain
Read More / Download ReportReviewing the Current Cotton Outlook August 09, 2024 Text of invited presentation for Southwest Georgia Farm Credit Here We Grow podcast, Episode 29, recorded Aug. 7, 2024 There’s no doubt and everyone knows that cotton prices have been disastrous. Back in March and April prior to planting,
Read More / Download ReportSmall Signs Of Optimism in the Cotton Market August 02, 2024 The 2023-24 cotton year is in the history books, and the big, unshipped export sales orders were moved into the 2024-25 marketing year. Will they get shipped or will they linger on the books just as they did during the prior year? Wo
Read More / Download ReportTabulation & Chart regarding the Comparison of ICE-Futures & ICS-105 prepared by CAI for the information of CAI Members.
Read More / Download ReportAre Mills Providing a Glimmer of Hope as Market Pain Continues? July 27, 2024 A glimmer of hope, and hopefully the beginning of what we promised. Yet, there will be several, several days of pulling teeth, some without Novocain. It is not going to be easy.
Read More / Download ReportTabulation & Chart regarding the Comparison of ICE-Futures & ICS-105 prepared by CAI for the information of CAI Members.
Read More / Download ReportJULY 26, 2024 December futures sank to their lowest level in over two years. • Price pressure came from all directions this week. A weak technical outlook, speculators retaining a near-record short position, declining outside markets, and talks of a bigger crop caused the significant sell-of
Read More / Download ReportSeesaw Trading Leads the Cotton Market Nowhere July 19, 2024 USDA’s July world supply demand report, released the prior week, made for seesaw trading all week. Prices saw 100 points higher one day, only to slide 100 points the next as the December contract ended the week nearly unchanged.
Read More / Download ReportPrice Prospects Become Dimmer – For Now July 19, 2024 USDA’s July crop production and supply/demand estimates were bearish and cast a somewhat dimmer price outlook likely for the near term. Following is a summary of the major changes:
Read More / Download ReportJULY 19, 2024 After trading back and forth throughout the week, cotton futures found support and made marginal gains. • Last Friday’s WASDE put pressure on prices, but Monday saw a triple-digit rally in futures prices. Prices fluctuated throughout the week due to speculators continuing to co
Read More / Download ReportBearish Report Keeps a Cap on Cotton Prices July 12, 2024 These are the fun days in the cotton market. USDA released an extremely bearish world supply demand report for July. Thus, to ensure market participants kept focused, prices moved higher.
Read More / Download ReportJULY 12, 2024 Cotton futures traded on both sides of the market ahead of Friday’s WASDE Report. • The summer doldrums were present this week, evident by the market’s daily two-sided moves and the December contract reaching a three-year low.
Read More / Download ReportJULY 5, 2024 The cotton market consolidated lower in the holiday-shortened trade week. • Last week’s unexpectedly bearish Acreage Report continued to weigh on the market. The December contract settled 222 points lower at 72.36 cents per pound.
Read More / Download ReportCotton Plantings Report Surprises Market, Potential for Better Prices Remains June 30, 2024 Despite the very bearish USDA June plantings report, the potential for higher 2024 crop prices remains on track. Recall, we warned that higher prices would come very, very slowly and only bit by bit.
Read More / Download ReportJUNE 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 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 ReportWeather, 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 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 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 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 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 ReportMAY 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 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 ReportHas 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 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 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 ReportAnother 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 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 ReportHas 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 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 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 ReportJANUARY 5, 2024 MARCH FUTURES TRADED SIDEWAYS DURING THE HOLIDAY-SHORTENED TRADE WEEK • Outside Markets Pullback to Start 2024 • U.S. Export Sales Slowed During the Holiday Season • Cotton Grower Magazine Survey Reported Cotton Acres Will Hold Steady in 2024
Read More / Download ReportCotton Prices Will Change in 2024. Just Don’t Ask When or Why. Stealing a word from the Varner Boys, cotton trading began the New Year just as it ended the old one –“boring.” That is changing this marketing year. Don’t ask me how, why, or when. I do not know that yet. We will figure it out toge
Read More / Download ReportJANUARY 12, 2024 MARCH FUTURES FINISHED WITH STRONG GAINS AFTER TRADING SIDEWAYS MOST OF THE WEEK • CPI Added Layer of Uncertainty to Fed’s Decision • U.S. Production Cut to 12.434 Million Bales, World Use Cut to 112.43 Million Bales • U.S. Export Sales and Shipments Unexpectedly Strong fo
Read More / Download ReportCotton Prices Appear Range Bound Once More Jan 12, 2024 Nothing changed. USDA’s January supply demand report doused water on the market’s attempt to light up futures prices.
Read More / Download ReportJANUARY 19, 2024 MARCH FUTURES FINISHED WITH STRONG GAINS FOR THE SECOND CONSECUTIVE WEEK • Stock Market Managed to Recover Losses by the End of the Week • U.S. Export Sales Report Held Phenomenal Sales and Shipments for Week Ending January 11
Read More / Download ReportPositive Move in Cotton Prices? Jan 19, 2024 “The Fabric of Your Life” is demonstrating a bit of market excitement. Let us hope it can continue. The cotton market has turned a bit volatile, just as the equity and finance markets have. Long-term interest rates are increasing slightly as th
Read More / Download ReportJANUARY 26, 2024 MARCH FUTURES FINISHED FOR SIX OUT OF THE PAST SEVEN TRADING SESSIONS • Stock Market Made All-Time Highs Throughout the Week • A Net Total of 207,000 Upland Bales were Sold for the Week Ending January 18
Read More / Download ReportCotton Enjoys Bullish Run Jan 26, 2024 Cotton continued its bullish run all week, all but challenging the top end of the yearlong-plus trading range. As expected, price resistance at the 86-cent trading level halted the advance.
Read More / Download ReportFEBRUARY 2, 2024 MARCH FUTURES CONTINUED THEIR ASCENT. • After a slight dip to begin the week, cotton prices finished at their highest level since early October.
Read More / Download ReportComments Prior to the USDA February WASDE Release. Early report due to surgery schedule. Run Forrest Run! Old crop and new crop headed higher. Once again, Never Give Up On Cotton. Granted, what goes up does come down, and it is not going to be all roses.
Read More / Download ReportFEBRUARY 9, 2024 Cotton futures were up for four out of five trading sessions. • Cotton prices continued higher for the fifth straight week, staying at the highest level since early October. • Daily trading volumes were high due to speculative buying and index funds rolling.
Read More / Download ReportFEBRUARY 16, 2024 Cotton futures rally to highest level since September 2022. • Cotton prices climbed sharply, making an 18-month high, despite a decline in the overall commodity complex and bearish outside market data. • Bullish technical signals increased buying, helping boost prices.
Read More / Download ReportFEBRUARY 23, 2024 Cotton futures fell sharply during the holiday-shortened trade week but managed to recoup most of the losses. • The May contract reached a life-of-contract high on Friday after a busy week of trading.
Read More / Download ReportAt Current Prices, Cotton Is a Speculative Market. And That’s Okay. Feb 23, 2024 Run Forrest run! And boy, did he do his running. The March contract ran to a high of 95.42 cents before giving up on its first notice day, giving way to the May futures contract as the spot month. Thus, the s
Read More / Download ReportMARCH 1, 2024 May futures reached a contract high on Wednesday, fueled largely by speculative buying. • A tightening U.S. balance sheet and speculative buying pushed May cotton over the dollar mark for the first time in a year and a half.
Read More / Download ReportMARCH 8, 2024 May futures finished the week ending March 7 limit-up after trading lower early in the week. • Profit-taking and corrective action caused the early week decline, sending the front months in cotton limit-down at one point.
Read More / Download ReportCotton’s Roller Coaster Is Back, Price at Current Levels Mar 08, 2024 It is still not over, but big-time volatility has engulfed cotton trading. Probably the correct reading is that the end is in sight.
Read More / Download ReportMARCH 15, 2024 May futures finished higher in only one of the five trading days. • Last Friday’s bullish USDA report did little to help the market. Fundamentals played almost no part in the sell-off.
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.
Read More / Download ReportCotton 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 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 ReportOld 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 ReportAPRIL 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 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 ReportNo 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 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 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 ReportBasis Comparison of ICS 105 with ICE Futures & Cotlook A Index prepared by CAI for the information of CAI Members.
Read More / Download ReportOCTOBER 4, 2024 The cotton market continued to face challenges from ongoing crop uncertainty and a significant port strike that raised concerns about potential supply chain disruptions. With Hurricane Helene’s damage estimates ranging from 300,000 to 700,000 bales
Read More / Download ReportDespite Hurricane Helene, Cotton Prices Locked in Low 70 Cent Range October 04, 2024 Wow! Christmas and the holiday season are fast approaching. Make your plans to give the gift of cotton this Christmas.
Read More / Download ReportTabulation & Chart regarding the Comparison of ICS 105 with ICE Futures & Cotlook A Index prepared by CAI for the information of CAI Members.
Read More / Download ReportOCTOBER 11, 2024 Cotton futures remained rangebound for the week, but the October WASDE report was a bearish surprise to the market. As traders absorb these changes, all eyes are now on harvest progress and global supply dynamics.
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-14-10-2024 prepared by CAI for the information of CAI Members.
Read More / Download ReportOctober Supply Demand Report No Problem Solver October 13, 2024 USDA’s October supply demand report was the one that analysts knew would solve the bullish/bearish price dilemma that has faced the market for the past five months. They all thought it would, including me. Collectively, we knew be
Read More / Download ReportOCTOBER 18, 2024 Cotton futures declined this week, trading at the lower end of the recent range due to weak demand and the pressures of a stronger U.S. dollar.
Read More / Download ReportDemand Issues Keep Driving Cotton’s Four Cent Trading Range October 20, 2024 Cotton muddled through the week, spending most of its time near its heretofore support level at 71 cents. It appears that the market will try again to break that support and visit the very high 60s before making a run
Read More / Download ReportOCTOBER 25, 2024 Cotton futures were up for the week, but a lack of news left the marketplace relatively quiet. U.S. export sales saw a slight uptick as a result of the recent decline in prices.
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-28-10-2024 prepared by CAI for the information of CAI Members
Read More / Download ReportNovember 1, 2024 The cotton market moved to the lower end of its long-term trading range this week, with inquiries for U.S. cotton increasing at these lower price levels. Harvest is progressing quickly across the country, although rain in the forecast may hinder momentum. How will next week’s
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-04-November-2024 prepared by CAI for the information of CAI Members
Read More / Download ReportNOVEMBER 8, 2024 Cotton futures found support amid a week of significant market-moving events, including the U.S. presidential election and the Fed’s interest rate cut.
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-11-11-2024 prepared by CAI for the information of CAI Members
Read More / Download ReportNOVEMBER 15, 2024 Cotton futures declined this week due to weak demand and a stronger U.S. dollar. With December Futures First Notice Day approaching and harvest nearly complete, we are deep into the season.
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-16-11-2024 prepared by CAI for the information of CAI Members
Read More / Download ReportNOVEMBER 22, 2024 Cotton futures experienced a mixed week, starting with a sharp decline but recovering some losses by the end.
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-25-11-2024 prepared by CAI for the information of CAI Members
Read More / Download ReportCotton Market Shows Life as March Contract Period Begins November 25, 2024 Strong export sales, coupled with the beginning of the December contract’s expiry, brought life to the cotton market.
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-30-11-2024 prepared by CAI for the information of CAI Members
Read More / Download ReportDECEMBER 6, 2024 Activity in the cotton market was subdued following the Thanksgiving holiday, while global events and economic reports kept the stock market elevated.
Read More / Download ReportCAI Area, Production & Yield For The Last 15 Years
Read More / Download ReportTabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures & Cotlook A Index-7-12-2024 prepared by CAI for the information of CAI Members
Read More / Download ReportCurrent Cotton Pricing and Demand Cycle Continues December 09, 2024 The December contract is history, and with that the March contract is now falling to the December contract low – just as you can make book that the May contract will replicate falling to the March expiry lows.
Read More / Download ReportDECEMBER 13, 2024 Cotton futures remained rangebound this week due to a lackluster WASDE report and ongoing weak demand.
Read More / Download ReportRecent USDA Report Hints at “Hope” for Cotton December 16, 2024 USDA’s December supply demand report confirmed the market’s slight bearish tone, as estimates for both U.S. and world ending stocks were slightly increased. As expected, prices spent most of the week trading in the 69-70 cent rang
Read More / Download ReportDECEMBER 20, 2024 Bearish sentiment persisted in the cotton market as March futures hit a lifetime low. Stock markets were mixed following the Fed’s interest rate cut and reports of strong economic growth.
Read More / Download ReportCotton’s Good News/Bad News Condition December 23, 2024 Obviously, this market is wearing me out – and you, too! I commented last week that any price slippage below 69 cents would be short lived. I refused to believe my own words. That comment was written with hope in mind.
Read More / Download ReportThompson on Cotton: Macroeconomic Factors Vs. Cotton Fundamentals March 30, 2023 Pressured by economic uncertainty both old and new crop futures lost a little over a penny on the week. That’s four consecutive weeks of lower closes. As expected, a previously unfilled gap at 75.70 from earli
Read More / Download ReportCotton Trades Mixed Wednesday April 05, 2023 The cotton market was starkly quiet Wednesday, lacking any direct positive fundamentals, as well as dopey outside markets. The cotton market was starkly quiet Wednesday, lacking any direct positive fundamentals, as well as dopey outside markets.
Read MoreApril 4, 2023 Upon posting losses six out of the past eight weeks, the market was clearly in an oversold position and poised for a retracement. So last week’s market rebound wasn’t totally unexpected, it was the extent of it that took everyone by surprise. After losing almost eleven cents in a two-
Read More / Download ReportCotton Slips Monday, Ignores Outsides April 03, 2023 Despite positive reactions by surrounding markets to OPEC's reducing global production, cotton fell back into its sideways/bearish funk Monday. Despite positive reactions by surrounding markets to OPEC's reducing global production, cotton
Read MoreCotton Up Thursday, Weekend Squaring The cotton market was sharply higher Thursday as holiday squaring brought in the buyers. Funds, specs and bargain hunters were demonstratively on the buy side Thursday; it also helped that the U.S. dollar was lower and the Dow Jones was higher. Lastly, Thursda
Read MoreCotton Lower Monday, Grower Selling April 10, 2023 The cotton market traded both sides of Thursday's close on Monday, as overhead producer selling kept any serious upside rally in check. The cotton market traded both sides of Thursday's close on Monday, as overhead producer selling kept any
Read MoreROSE ON COTTON – ICE COTTON STYMIED AHEAD OF WASDE AS INDEX FUNDS ROLL Apr 10, 2023 The May contract gained 42 points on the abbreviated week, finishing at 83.20, with the May – July spread contracting slightly to (27). Last week, our models predicted a finish on the week that was to be near-
Read More / Download ReportThompson On Cotton: Caught In A Squeeze April 10, 2023 For most of the week, the market traded aimlessly looking for guidance. Renewed recession fears, early on, forced a decline from the previous week’s highs. Even so, it found firm support at 81 cents. It did finish strong, however, on some
Read More / Download ReportApril-2023 COTTON: The 2022/23 U.S. cotton supply and demand forecasts show higher exports and lower ending stocks relative to last month, with production and domestic mill use unchanged. The export forecast is raised 200,000 bales, to 12.2 million, based on the pace of recent sales and shipments
Read More / Download ReportCotton Bends Up Tuesday April 11, 2023 Tuesday's supply-demand report from USDA yielded no serious surprises for the cotton market. Tuesday's supply-demand report from USDA yielded no serious surprises for the cotton market. Government tabulators did raise domestic exports, thereby cutting
Read MoreCotton Languishes Lower Wednesday April 12, 2023 After a promising CPI number rallied most markets, traders realized that "total inflation" remains intact. After a promising CPI number rallied most markets, traders realized that "total inflation" remains intact. Thus, several markets, inclu
Read MoreDTN Closing Cotton: Cotton Up on 'Acceptable' PPI April 13, 2023 The cotton market traded higher Thursday as a benign PPI report suggested less inflation for the U.S. economy. The cotton market traded higher Thursday as a benign PPI report suggested less inflation for the U.S. economy. That
Read MoreDTN 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 ser
Read MoreDTN Closing Cotton: Cotton Higher On Technicals April 17, 2023 The cotton market was sharply higher Monday based on several technical considerations. The cotton market was sharply higher Monday based on several technical considerations. One was the fact the market closed through a major do
Read MoreROSE ON COTTON – COTTON MARKET HAS CALM WASDE WEEK Apr 17, 2023 The May contract gave back 34 points on the week, finishing at 82.86, and the May – July spread contracted to very near flat. Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the pre
Read More / Download ReportThompson On Cotton: The Dreaded R Word April 17, 2023 In its search for guidance, the market was confronted with mixed signals last week. So to no surprise, it remained rangebound as seen by May futures trading in a narrow scope of fewer than two cents before closing the week at 82.86, down 34 p
Read More / Download ReportDTN Closing Cotton: Cotton Sharply Up, Trend Changing? April 18, 2023 The cotton market was demonstratively higher Tuesday as certain speculators short-covered their previously bearish positions, while "bull-struck" traders bought long.
Read MoreICE Cotton Update ICE cotton gains over 1% on softer dollar, broader market strength ICE cotton futures rose more than 1% on Tuesday, tracking strength across wider financial and commodity markets, and on weaker dollar.
Read MoreCotton Ends Markedly Lower Wednesday April 19, 2023 Cotton was demonstratively down Wednesday, rendering so much of its current bullish goodwill "asunder." Cotton was demonstratively down Wednesday, rendering so much of its current bullish goodwill "asunder." The market has recently staged
Read MoreRangebound Cotton Prices Keep Bears in Control April 19, 2023 Shakespeare’s Much Ado About Nothing continues for cotton. USDA’s April supply demand report was fully expected to reveal nothing. It did not disappoint. The report confirmed why cotton trading has been locked between 76 and 85 c
Read More / Download ReportCotton 'Reins' in the Bear April 21, 2023 After Thursday's collapse, the cotton market attempted to rein in the "bear" with a mixed close. After Thursday's collapse, the cotton market attempted to rein in the "bear" with a mixed close. Unfortunately, the mathematical difference between Thur
Read MorePCCA Cotton Market Weekly APRIL 21, 2023 COTTON FUTURES FELL SHARPLY TO LOWER END OF LONG-TERM TRADING RANGE • Outside Markets Had Mixed Week • U.S. Export Sales Lower Than Expected for Week Ending April 13 • Chance of Rainfall in Coming Week for Texas, Oklahoma, and Kansas The cotton
Read More / Download ReportCotton Up on Short-Covering April 24, 2023 The cotton market finished higher Monday, as traders witnessed a small measure of early end-of-month squaring. The cotton market finished higher Monday, as traders witnessed a small measure of early end-of-month squaring. In addition, next week is
Read MoreThompson On Cotton: A Turnaround Thursday* April 24, 2023 Last week began on a positive note as prices climbed above 85 cents for the first time since March 7th. Mired in a six-month trading range a return to the upper end appeared to have technical merit inspiring Managed funds to reconsider an
Read More / Download ReportCOTTON MARKET FINISHES WEEK NEAR 80.00 Apr 24, 2023 The July contract lost 278 points on the week, finishing at 80.15. The July – Dec spread inverted to 23. Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the previous week’s finish, which pro
Read More / Download ReportCotton Down Amid Banks and Biden April 25, 2023 The cotton market was sharply lower Tuesday as new bank solvency jitters and Biden's announcement to seek another presidential term sent prices melting. The cotton market was sharply lower Tuesday as new bank solvency jitters and Biden's annou
Read MoreCleveland on Cotton: Is Cotton’s Current Price Cap Stuck in the Mud? April 24, 2023 Please bless my friends. Some have old crop going to 90 cents, and I do hope they are correct. I am still stuck in the mud with an 85-cent cap – which was all but penetrated midweek as bulls tried to push highe
Read More / Download ReportCotton Slumbers Sideways Wednesday April 26, 2023 The cotton market was fractionally lower Wednesday, lacking any fresh news. The cotton market was fractionally lower Wednesday, lacking any fresh news. In addition, there was no help from the outside markets, such as the grains,
Read MoreCotton Sharply Up Thursday on Exports, Squaring April 27, 2023 The cotton market was demonstratively higher Thursday amid a strong weekly export sales and end-of-the month squaring. The cotton market was demonstratively higher Thursday amid a strong weekly export sales and end-o
Read MoreCotton Up on Wings of 'Outsides' April 28, 2023 Cotton was moderately higher Friday, supported by strong outside markets. Cotton was moderately higher Friday, supported by strong outside markets. The Dow, the Chicago Grains, the energies and the metals were all materially up. To a lesser de
Read MorePCCA Cotton Market Weekly APRIL 28, 2023 JULY FUTURES WERE PRESSURED EARLY ON BUT RECOVERED LOSSES TO FINISH THE WEEK • Outside Markets Had Rough Start but Posted Gains to Close Out the Week • U.S. Export Sales Reported Surprising Increase for the Week Ending April 20 • Spotty Precipitat
Read More / Download ReportCotton is a Calling It is still not good. It may get worse. The cotton market continues to work its seven month trading range, absolutely refusing to leave the range. A tighter range of 78-84 cents has likely been established with prospects of finding a trade as low as 74.40. Yet, a trade up to 8
Read More / Download ReportCotton Starts May Higher May 01, 2023 The cotton market kicked off Calendar May with a positive trade close today. The cotton market kicked off Calendar May with a positive trade close today. The fact that the Funds were doubly net short in the CFTC data, as well as a slightly friendly jo
Read MoreThe Driving Force Behind Today’s Cotton Market May 1, 2023 “It’s the economy, stupid!” Many of you remember this phrase coined by James Carville when serving as campaign manager for Bill Clinton in 1992 referring to an election-year economic recession. Some thirty years later, i
Read More / Download ReportCotton Plays Follow the Leader May 03, 2023 The cotton market played one of the oldest children's games Wednesday -- "follow the leader." The cotton market played one of the oldest children's games Wednesday -- "follow the leader." However, in this case, it followed the "le
Read MoreCotton Hesitates at Breakout May 08, 2023 The cotton market retreated from a near chart breakout Monday. The cotton market retreated from a near chart breakout Monday. Its retreat came despite the market's 5-cent run of last week. In fact, that rally carried over into Monda
Read MoreIt’s Déjà Vu All Over Again May 8, 2023 As Yogi Berra once said, “It’s déjà vu all over again.” For consecutive weeks cotton prices have dipped precariously below 80 cents before rebounding for significant gains. After falling to a low of 78.56, July futures reversed itself l
Read More / Download ReportCotton Stays Down Tuesday May 09, 2023 The cotton market ended Tuesday with triple-digit losses, a victim of bearish rain forecasts and weak Chinese economic data. The cotton market ended Tuesday with triple-digit losses, a victim of bearish rain forecasts and weak Chinese economic d
Read MoreCotton Market Lower Post Last Week’s Strong Finish May 09, 2023 LOUIS W. ROSE IV AND BARRY B. BEAN The July contract gained 310 points on the week, finishing at 83.90, with the July – Dec inversion strengthened at 66. Last week, our models predicted a finish on the week th
Read More / Download ReportCotton Still Wounded From Tuesday May 10 2023 The cotton market is slightly lower Wednesday morning after Tuesday's devastating fall.The market was pressured by poor economic news from China and the potential for good rains across portions of the Southwest. From a major wire-service
Read MoreCotton Eases Sideways to Lower May 10, 2023 Cotton somewhat treaded water Wednesday after its massive bearish hit of Tuesday. Cotton somewhat treaded water Wednesday after its massive bearish hit of Tuesday. In its decline, the market had become slightly oversold, and some
Read MoreCotton Falls in Tandem With Outsides Thursday May 11, 2023 The cotton market was materially lower Thursday amid breaking outside markets. The cotton market was materially lower Thursday amid breaking outside markets. New Chinese inflation data was taken as negative, which in turn ral
Read MoreICE cotton eases as strong dollar offsets healthy weekly exports ICE cotton futures slipped on Thursday as a stronger dollar and downbeat sentiment across wider markets outweighed relatively healthy U.S. weekly export figures. The most active first-month July cotton contract fell 0.15 c
Read MoreCotton Sees Friendly Numbers Friday May 12, 2023 The cotton market benefited from better supply-demand updates from USDA. The cotton market benefited from better supply-demand updates from USDA. The report showed smaller-than-expected new crop production and lower carryout. The only
Read MoreMAY 12, 2023 COTTON PRICES FINISHED THE WEEK IN THE LOWER END OF LONG-TERM TRADING RANGE • U.S. Economy Showing Signs of Cooling • U.S. Export Sales and Shipments Strong for Week Ending May 4 • More Rain Expected in Texas, Oklahoma, and Kansas After two days of solid gains, cotton prices
Read More / Download Report12 May 2023 For 2023/24, despite an expected 2.5-million-acre year-to-year decrease in U.S. area planted to cotton, the crop is expected to rise with abandonment projected at about half of the 47 percent rate realized in 2022/23. Production is forecast at 15.5 million bales, based on 11.26 millio
Read More / Download ReportMay 14, 2023 Cotton futures took the bearish view all week, losing the price gains from the prior week’s rally despite a friendlier than expected USDA May supply demand report. The report showed the demand side of the price equation continues to haunt the market. USDA’s report confirmed the indus
Read More / Download ReportCotton 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 re
Read MoreMay 15, 2023 Outside forces continue to dominate the market, so much so, favorable fundamentals were overlooked last week. Despite strong export sales and an encouraging WASDE report, cotton prices declined on renewed recession fears, political wrangling over the debt limit, and additional bank s
Read More / Download ReportCotton Defies Outsides, Trades Up Tuesday May 16, 2023 On a day when most markets were categorically lower, the cotton market broke rank and remained aloft. On a day when most markets were categorically lower, the cotton market broke rank and remained aloft. Fears concerning the Wash
Read MoreCotton Closes Higher Wednesday May 17, 2023 The cotton market was sharply higher Wednesday amid rumors of a strong export-sales number that may be released Thursday. The cotton market was sharply higher Wednesday amid rumors of a strong export-sales number that may be relea
Read MoreCotton Dodges Poor Exports May 18, 2023 The cotton market was able to hang tough amid poor weekly sales numbers. The cotton market was able to hang tough amid poor weekly sales numbers. Thursday's amount of 132,000 was off 46% from the prior number. Exports of 332,000 bales were pret
Read MoreCotton Posts Highs, But Timid 19-May-2023 The cotton market, both old and new crops, took out their respective weekly highs Friday. The cotton market, both old and new crops, took out their respective weekly highs Friday. The somewhat surprising rally has for the most part been root
Read MoreMAY 19, 2023 JULY FUTURES MADE SUBSTANTIAL GAINS FOR THE WEEK ENDING MAY 18 • Outside Markets Benefited from Optimistic Outlook for U.S. Debt Ceiling • S. Export Sales Slower but Shipments Strong for Week Ending May 11 • Scattered Storms Expected in the Coming Week for Parts of So
Read More / Download ReportCotton Prices Keep Knocking on the 85 Cents Door May 19, 2023 Since plummeting to the low 70s last fall, new crop December 2023 futures roller-coastered up, then down, then up again to near 86 cents by the end of January. December 2023 has since teetered within a five-cent range of most
Read More / Download ReportCotton Lower on US Debt Worries, G-7 May 22, 2023 The cotton market was materially lower Monday amid fears of sluggish U.S. debt ceiling talks and the G-7's stance on China. The cotton market was materially lower Monday amid fears of sluggish U.S. debt ceiling talks and the G-7's st
Read MoreThe debt Limit Debate May 22, 2023 Though still in the confines of a seven-month-long trading range, excitement was rampant last week as July futures traded within 150 points of the top end. Reaching 87.98, its highest level since early February, it closed the week at 86.72 for a gain
Read More / Download ReportCotton Remains Under Bear Paws May 23, 2023 The cotton market was unable to ward off bearish fundamentals, such as a strong U.S. dollar and the G-7's desire to adjust the Western/China economic ties. The cotton market was unable to ward off bearish fundamentals, such as a strong U.S.
Read MoreCOTTON MARKET POST IMPRESSIVE GAINS LAST WEEK, LOWER TODAY May 23, 2023 The July contract gained 619 points last week, finishing at 86.72, with the July – Dec inversion strengthened notably at 283. The July contract has closed all overhead gaps below 1$. Last week, our models predicte
Read More / Download ReportCotton Melts Lower Wednesday May 24, 2023 The cotton market posted triple-digit losses Wednesday, amid the ongoing negatives of Texas rains, unsuccessful budget talks and fears of rising interest rates. The cotton market posted triple-digit losses Wednesday, amid the ongoing negative
Read MoreThe CFTC Cotton On-Call Report as of May 19th was released after the close. The ratio of sales to purchases, which flipped last week to show purchases higher than sales, flipped back today. Last week was the one and only time total purchases exceeded total sales. Given the reporting week contained t
Read MoreCotton Lower Again Thursday May 25, 2023 The cotton market lost more ground Thursday, as beneficial weather, no results on budget talks and more concern over rising interest rates continues to pressure the market. The cotton market lost more ground Thursday, as beneficial weather, no
Read MoreCotton 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
Read MoreDespite Fundamentals, Ugly Economics Drag on Cotton Prices May 26, 2023 Okay, the crow is edible this week, but the flavor is still rank. I did not see the sell-off coming – totally blindsided. The same old eight-month trading range continues. This means the macroeconomic factors, de
Read More / Download ReportMAY 26, 2023 COTTON FUTURES ERASED GAINS FROM LAST WEEK • Outside Markets were Mixed from Economic Data and Debt Ceiling Negotiations • U.S. Export Sales Basically Unchanged from Week Prior • Southwest Received Much-Needed Rain with More on the Way In a reversal from last week, cot
Read More / Download ReportCotlook’s May supply and demand forecasts indicate lower consumption and higher world ending stocks for both 2022/23 and 2023/24 Cotlook’s forecast of global raw cotton output in 2022/23 has been reduced this month, by 69,000 tonnes to 24,852,000 tonnes. Reductions for the African Franc Zo
Read More / Download ReportCotton Trades Mixed Tuesday May 30, 2023 The cotton market was all over the place Tuesday, as spot July continued to experience speculative short covering, while December may have seen a bit of producer hedging. The cotton market was all over the place Tuesday, as spot July continued
Read MoreCOTTON MARKET CURBS WEEKLY LOSSES ON FRIDAY May 30, 2023 The July contract lost 337 points last week, finishing at 83.34, with the July – Dec inversion little changed at 281. Last week, our models predicted a finish on the week that a to be near-unchanged to higher Vs the previous week
Read More / Download ReportCotton Awaits News, Any News May 31, 2023 The cotton market was fretfully lower Wednesday, along with so many other markets. The cotton market was fretfully lower Wednesday, along with so many other markets. Traders are awaiting the outcome of the debt ceiling vote, which is schedule
Read MoreCotton Sharply Up, Dollar, Debt Deal Jun 01, 2023 The cotton market took its bullish cue Thursday initially from the U.S. house passing the debt-ceiling compromise, and by a subsequent weaker U.S. dollar. The cotton market took its bullish cue Thursday initially from the U.S. house p
Read MoreThe CFTC Cotton On-Call Report as of May 26th was released after the close. By far the biggest change was in July on-call sales, down 4,036 contracts, leaving 21,764 contracts unfixed. Total on-call sales were 61,052 contracts, down 3,247 contracts. On-call sales a year ago were 119,923 contract
Read MoreCotton’s Slow Period Continues... But Planting Decisions Are Coming Soon With the current season coming to a close it is time to start shifting our focus to the next season with high hopes and anticipation. Most of the Northern Hemisphere cotton producing countries have started planting, a
Read More / Download ReportOn Jun 1, ZCE major cotton contract, Sep contract, surged over 900yuan/mt, and the spread between Sep and Jan contracts narrowed quickly unexpectedly. The rise of Sep contract was obviously higher than that of Jan contract. Rumors were in circulation on the market soon. There were mainly two rumor
Read More / Download ReportCotton Edges Lower on Exports, Jobs Jun 02, 2023 The cotton market is slightly lower Friday as traders await the holiday delayed weekly Export Sales and Shipments report from USDA and the monthly jobs report. The cotton market is slightly lower Friday as traders await the holiday del
Read MoreCotton is a Calling Jun 03, 2023 It was the third of June, another sleepy, dusty Delta day. I was out chopin’ cotton… Like most of the MidSouth, the Choctaw Ridge crop is off to an excellent start. Crop development is excellent and begging for more heat units. The Southern Plains of
Read More / Download ReportJUNE 2, 2023 COTTON FUTURES ENDED WEEK ON HIGH NOTE • Outside Markets were Mixed most of the Week but Eventually Settled Higher • U.S. Export Sales Basically Unchanged from Week Prior • 60% of the U.S. Cotton Crop has Been Planted Although it was a holiday shortened week in the mar
Read More / Download ReportCotton Cautiously Edges Higher Monday Jun 05, 2023 Facing a mix of a weaker U.S. dollar and positive crude oil, the cotton market ended slightly up Monday. Facing a mix of a weaker U.S. dollar and positive crude oil, the cotton market ended slightly up Monday. However, there will be
Read MoreCotton Ends Higher Tuesday Jun 06, 2023 After a period of wobbly trading, the cotton market ended its Tuesday session a tad higher. After a period of wobbly trading, the cotton market ended its Tuesday session a tad higher. The market had been struggling amid weather, position-squar
Read MoreCotton: Cotton Seesaws Thursday Session Jun 08, 2023 The cotton market traded somewhat positive to negative for most of the Thursday session. The cotton market traded somewhat positive to negative for most of the Thursday session. Traders were keying on the export-sales report, while
Read MoreJune-2023 COTTON: The 2023/24 U.S. cotton projections compared to last month show lower beginning stocks, but higher production, exports, and ending stocks. Projected abandonmentin the Southwest has been reduced due to recent favorable rainfall, resulting in a production increase of 1.0 mi
Read More / Download ReportCotton Higher on Neutral Data Jun 09, 2023 The cotton market was somewhat higher Friday as the June WASDE proved to be neutral, or at least, not overly bearish. The cotton market was somewhat higher Friday as the June WASDE proved to be neutral, or at least, not overly bearish. In a
Read MoreCotton Market Fractionally Lower Monday Jun 12, 2023 The cotton market was fractionally lower Monday. Traders continue to monitor the weather and are waiting on the outcome of the Federal Reserve's two-day meeting. The cotton market was fractionally lower Monday. Traders continue t
Read MoreCotton 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
Read MoreCotton Drags Lower Wednesday Jun 21, 2023 The cotton market was moderately lower Wednesday, with spot July leading the downward change. The cotton market was moderately lower Wednesday, with spot July leading the downward change. The market ignored rising energy and grain prices, plu
Read MoreCotton Drags Lower Thursday Jun 22, 2023 The cotton was moderately lower Thursday. The cotton was moderately lower Thursday. Traders were bearishly influenced by several central banks hiking their interest rates. In addition, time for spot July is winding down. USDA will issue its
Read MoreCotton Lower, Dollar Higher Friday Jun 23, 2023 The cotton market was sharply lower Friday amid collapsing Chicago grains, and a strong U.S. dollar. The cotton market was sharply lower Friday amid collapsing Chicago grains, and a strong U.S. dollar. Of late, the global economic senti
Read MoreJUNE 23, 2023 COTTON PRICES TRADED IN A TIGHT RANGE THROUGHOUT THE WEEK • Outside Markets Were Mixed Throughout the Week • U.S. Export Sales and Shipments Weaker than Expected for Week Ending June 15 • As of June 18, 89% of U.S. Crop has been Planted Weather woes and talks of softe
Read More / Download ReportCotton: Market Watching June Acreage Report for Direction Jun 23, 2023 Make it two consecutive weeks for cotton to sink lower as the July first notice has arrived. December fell below 79 cents. This downward path is consistent with an expected cycle low for the late June/early July peri
Read More / Download ReportCotton Lower on Technicals, Weather Jun 26, 2023 The cotton market was lower Monday as its technical trend is turning bearish. The cotton market was lower Monday as its technical trend is turning bearish. To that end, Monday's December settlement was the lowest of 2023. In addition,
Read MoreCotton Continues Downward Trek Tuesday Jun 27, 2023 The cotton market posted new lows for the year Tuesday, despite the appearance of adverse weather. The cotton market posted new lows for the year Tuesday, despite the appearance of adverse weather. Traders are awaiting Thursday's ex
Read MoreCotton bobs for Oxygen Wednesday Jun 28, 2023 The cotton market attempted to have a recovery rally Wednesday, but only closed slightly higher. The cotton market attempted to have a recovery rally Wednesday, but only closed slightly higher. Bottom-pickers and shorts covering led the e
Read MoreCotton Recovers Higher Thursday Jun 29, 2023 The cotton market was higher Thursday as there was position squaring ahead of Friday's crucial Planted Acres report from USDA. The cotton market was higher Thursday as there was position squaring ahead of Friday's crucial Planted Acres report f
Read MoreRecently, ZCE cotton futures and Chinese cotton spot prices have dropped significantly. In just a few days, the price has plummeted by more than 1,000yuan/mt. The price of cottonseed has also followed the downward trend, while that of cotton linter has risen against the trend.
Read More / Download ReportThe CFTC Cotton On-Call Report as of October 13th was released after the close. Total on-call sales were 85,173 contracts, up 4,045 contracts. On-call sales a year ago were 88,090 contracts. Total on-call purchases were 61,734 contracts, up 41 contracts. On-call purchases a year ago were 38,
Read MoreOCTOBER 20, 2023 DECEMBER FUTURES FELL BELOW RECENT LONG-TERM TRADING RANGE FOR THE WEEK ENDING OCTOBER 19 • U.S. Retail Sales Higher than Expected, but Clothing Sales Declined, Adding Pressure to Cotton Prices • Lackluster Demand for U.S. Cotton Reported for Week Ending October 12 • Favor
Read More / Download ReportPositive Week for Cotton, But Beware Growing Consumer Stress Oct 27, 2023 Cotton prices were down two of the five trading days this week but still closed on the positive side of the 9-, 100-, and 200-day support lines. December did settle 198 points higher on the week – a real market winner
Read More / Download ReportOCTOBER 27, 2023 DECEMBER FUTURES FELL BELOW RECENT LONG-TERM TRADING RANGE FOR MOST OF THE WEEK ENDING OCTOBER 27 • U.S. GDP Surged in Third Quarter, Beating Market Expectations • An Uptick in Demand for U.S. Cotton Reported for Week Ending October 19 • Adverse Weather in Coming Week Coul
Read More / Download ReportAs on 29-Oct-2023 Very Poor 23% Poor 19% Fair 29% Good 24% Excelent 5%
Read More / Download ReportCAI Cotton Crop Estimates for the season 2023-2024 SALIENT FEATURES OF THE CAI CROP COMMITTEE MEETING HELD ON 25TH OCTOBER 2023 1. CONSUMPTION 2. COTTON PRESSING 3. IMPORTS 4. EXPORTS 5. CLOSING STOCK AS AT 30TH SEPTEMBER 2024
Read More / Download ReportGlobal Cotton Reserves Expected to Reach the Highest Level Ever Recorded by the ICAC Washington, DC With global production in 2023/24 projected to increase by 3% (to 25.41 million tonnes) and consumption projected to decrease by 0.43% (to 23.35 million tonnes), global stocks are poised to jump
Read More / Download ReportFor Week Ending 26-Oct-2023 2023-2024 Net Upland Sales 4,57,200 Upland Shipments 1,32,200 Net Pima Sales 25,800 Pima Shipments 2,600 TOTAL SALES 4,83,000 2024-2025 Net Upland Sales 87,800 Net Pima Sales 00 TOTAL 87,800
Read More / Download ReportNOVEMBER 3, 2023 DECEMBER FUTURES SETTLED BELOW 80.00 CENTS PER POUND FOR WEEK ENDING NOVEMBER 2 • Stock Market Finished Higher after the Federal Open Markets Committee Held Interest Rates Steady • Marketing Year High Reached in Both Upland and Pima Sales for the Week Ending October 26
Read More / Download ReportThompson On Cotton: What Is Really Influencing the Market? November 6, 2023 After months of repeated challenges, our biggest fear was market support in the low 80’s would break. How appropriate it would do so Halloween week.
Read More / Download Report81st Plenary Meeting of International Cotton Advisory Committee Will be held at Jio World Convention Centre - MUMBAI. From 02 December 2023 - 05 December 2023 Click below for the brochure
Read More / Download ReportNOVEMBER 10, 2023 COTTON PRICES CONTINUED TO DECLINE, REACHING AN 11-MONTH LOW DURING THE WEEK • Stock Market Was Higher Most of the Week • U.S. Production was Raised 270,000 Bales to 13.09 million Bales on November WASDE Report • Strong Export Sales were Reported but Shipments Continue t
Read More / Download ReportFor Week Ending 09-Nov-2023 Net Upland Sales 2023-24 Net sales of 328,300 RB for 2023/2024 were down 17 percent from the previous week, but up 18 percent from the prior 4-week average.
Read More / Download ReportA Better Week, as Lower Cotton Prices Lift Exports Nov 17, 2023 Cotton prices held the line in weekly trading as last week’s low prices encouraged good export sales. That, coupled with government released economic data hinting, on the surface, at an improved economy, gave prices a higher nud
Read More / Download ReportNOVEMBER 17, 2023 COTTON PRICES BOUNCED BACK FROM LAST WEEK’S LOWS, BUT STAYED IN TIGHT TRADING RANGE • Stock Market Rallies on Slew of Economic Data Released this Week • Strong Export Sales Reported for Week Ending November 9 Cotton prices bounced back from last week’s low but stayed wi
Read More / Download ReportNOVEMBER 22, 2023 WITH THE DECEMBER CONTRACT ALL BUT GONE, TRADERS SHIFT FOCUS TO THE MARCH CONTRACT • Stock Market Continued to Climb Higher for the Fourth Consecutive Week
Read More / Download ReportWatching Paint Dry November 28, 2023 If you like watching paint dry or chrome rust, last week’s cotton market was the place to be. Although, after the zaniness of the past few weeks, it was somewhat welcomed. With merchants closing early on Wednesday followed by an abbreviated trading sessio
Read MoreDECEMBER 1, 2023 COTTON MARKET WAS OVERALL LACKLUSTER TO WRAP UP THE MONTH OF NOVEMBER • Stock Market was Mixed this Week, but Made Strong Gains in November • U.S. Export Sales were Healthy for the Week Ending November 23 • WASDE Report will be Released on December 8
Read More / Download ReportHow the Grinch Stole Cotton’s Christmas Dec 01, 2023 The Grinch has certainly stolen Cotton. The cotton market offered its first gifts of the Christmas season to the Bears, while the Bulls are left staring at unopened presents stacking up on the Bears’ side of the tree.
Read More / Download ReportMarket Desperately Searching For Direction December 4, 2023 After falling a precipitous 173 points on Monday, cotton prices found some footing and traded narrowly from that point on.
Read More / Download ReportDECEMBER 8, 2023 MARCH FUTURES FINISHED THE WEEK ENDING DECEMBER 7 WITH STRONG GAINS • Stock Market was Mixed this Week, but Managed to Maintain November’s Gains • S. Production Cut to 12.78 million bales and World Use was Cut to 113.73 million bales • U.S. Export Sales were Down for the W
Read More / Download ReportCotton Prices Rebound Back to Year-Old Range The cotton market was very cheerful all week as 2023 crop futures shot up to 83.60 before the March settlement was tagged at 81.44. Traders failed to pinpoint any specific fundamental news for the price rally. Most felt the week’s bullish movement
Read More / Download ReportMarkets Can Be Very Fickle December 12, 2023 Markets can be very fickle. After lingering aimlessly around eighty cents for most of last week, current crop futures traded limit up Thursday for no apparent reason.
Read More / Download ReportDECEMBER 15, 2023 COTTON FUTURES CONSOLIDATED AFTER LAST WEEK’S ROBUST GAINS • Optimism from Fed Interest Rate Decision Fueled Rally in Stock Market • S. Export Sales Less than Impressive for Week Ending December 7
Read More / Download ReportPrice Swings and Weak Demand Continue to Feed the Cotton Bears Dec 15, 2023 There is a bit of procrastination here. I really do not want to communicate these words. It is time to be bullish. I want to get there. I just cannot get there. The big tease is still ongoing.
Read More / Download ReportCurrent Demand Remains Weak December 19, 2023 Cotton prices for the week traded in a high-to-low range of only 190 points. Every attempt to move beyond eighty-two cents was quickly stifled by grower selling while downside support held firm at 80 cents before giving way slightly on Friday clo
Read More / Download ReportDECEMBER 22, 2023 MARCH FUTURES SETTLED BELOW THE 80.00 CENT PER POUND MARK FOR THE WEEK • Stock Market Continues Rally • Noticeable Increase in U.S. Export Sales and Shipments Did Little to Help Market
Read More / Download ReportA Quiet Week for Cotton as 2024 Approaches Dec 24, 2023 The Santa Claus family left few presents under the tree for cotton and other agricultural commodities. But then, the Grinch failed to take any away.
Read More / Download ReportDECEMBER 29, 2023 MARCH FUTURES WILL END 2023 ON A POSITIVE NOTE • No Shortage of Major Market Moving Events in 2023 • Demand For U.S. Cotton Will Continue to be the Focus in Coming Year
Read More / Download ReportStronger Cotton Prices for the New Year? Maybe. The New Year is threatening to open a door to higher prices for cotton. The final week of the year saw higher prices each day – a very unusual trading pattern, and “unusual” can typically be associated with bullish news.
Read More / Download ReportCotton Posts Second Surge The cotton market has "rung the bell" on a 6-cent move for the last two days. The cotton market has "rung the bell" on a 6-cent move for the last two days. The market's oversold condition, along with a weaker U.S. dollar and a stronger Dow helped to rally prices. Of c
Read MoreDTN Closing Cotton: Cotton Gears Up For Acreage Report March 30, 2023 The cotton market was moderately higher Thursday as traders prepared themselves for Fridays's acreage numbers. The cotton market was moderately higher Thursday as traders prepared themselves for Fridays's acreage numbers
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