Cotton futures were down 21 to 88 points across most contracts on Wednesday. Crude oil was up 25 cents to $75.09/barrel, as price action was a little quieter. The US dollar index was back down $0.061 to $98.455. The markets will be closed on Thursday in observance of Juneteenth, with...
A budget proposal from the U.S. Senate Ag Committee that funds some farm bill programs is going through the next step in reconciliation this week. Robbie Minnich with the National Cotton Council explains the Byrd bath process. “The Senate parlimentarian goes through and looks at it provision by provision to...
Cotton prices are down 35 to 70 points so far on Wednesday morning. Futures were down 17 to 47 points across most contracts on Tuesday. Crude oil was back up $3.70/barrel, as futures were adding risk premium back with President Trumps mulling US involvement in the Iran/Israel conflict. The US...
Cotton prices were down 17 to 47 points across most contracts on Tuesday. Crude oil was back up $3.70/barrel, as futures were adding risk premium back with President Trumps mulling US involvement in the Iran/Israel conflict. The US dollar index was back up $0.853 to $98.405. The weekly Crop Progress...
Cotton price action is mostly lower on Tuesday morning, down 3 to 10 points. Futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures are giving some risk premium back as Iran there was light talk of negotiations. The US dollar index was back...
Cotton futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures are giving some risk premium back as Iran there was light talk of negotiations. The US dollar index was back down $0.396 to $97.780. The weekly Crop Progress report indicated that the US...
Cotton futures are down 7 points in July, with other contracts 22 to 50 points higher. Crude oil is back down $1.11/barrel at midday, as futures are giving some risk premium back following a weekend full of Israel and Iran strikes. The US dollar index is back down $0.396 to...
Cotton price action is higher early on Monday, with gains of 10 to 25 points. Futures posted marginal 22 to 45 point gains on Friday, with some help from the outside markets. July was down 26 points last week, with December closing 37 points lower. Crude oil was up $5.27/barrel...
Cotton futures posted marginal 22 to 45 point gains on Friday, with some help from the outside markets. July was down 26 points this week, with December closing 37 points lower. Crude oil was up $5.27/barrel on Friday, following Israel strikes on Iran overnight. The US dollar index was back...
Cotton futures are up 29 to 65 points so far on Friday, with some help from the outside market. Crude oil is up $4.16/barrel at midday following Israel strikes on Iran overnight. The US dollar index is back up $0.129 to $98.03. Weekly Export Sales data from USDA shows commitments...
Cotton price action is up 2 to 13 points on Friday morning. Futures posted losses of 18 to 33 points on Thursday, despite a fairly bullish WASDE report. Crude oil is up $5.65/barrel this morning following Israel strikes on Iran overnight. The US dollar index is back up $0.534 to...
Cotton futures posted losses of 18 to 33 points on Thursday, despite a fairly bullish WASDE report. Crude oil prices were up 82 cents/barrel, with the US dollar index falling $0.754 to $97.850. USDA showed a 400,000 bale increase to the US export figure for 2024/25, dropping stocks by the...
The USDA expects tighter old and new crop domestic cotton supplies. The old crop cotton carryout was cut 400,000 bales to 4.4 million on an increase for exports, with new crop down 900,000 to 4.3 million on those lower beginning stocks and a reduced production guess due to excessive moisture...