December closed on its lowest finish since Aug. 18. U.S. all-cotton commitments for 2017-18 reached 58% of projected exports and shipments about 11% after hitting a crop year low for the week. Cotton futures closed modestly lower in 2017-18 crop year contracts Thursday as December dipped below the low of a month-long consolidation, losing ground […]
Major exporters expected to bear the brunt of the burden of increased global stocks and will be looking to move supplies as harvests come in. Cotton futures finished a narrow-range session mixed Wednesday, with spot December completing an inside day with a fractional loss. December stayed within the range established by early morning and settled […]
Mills priced or rolled 1,692 on-call lots in December in the latest reporting week. Texas harvest reached 30% complete and cotton rated fair and better rose to 86%. Cotton futures settled on modest gains Tuesday, with spot December bouncing off a narrow penetration of the prior-session low to regain some of Monday’s sharp loss. December […]
Favorable harvest weather expected across much of the U.S. belt this week weighed on market sentiment as weekly classing increased and the percentage of tenderable cotton rose. Market shrugged off more frost in the Texas Plains. Cotton futures closed sharply lower Monday, with spot December finishing at a nine-session low settlement. December lost 109 points […]
District crop estimates for Texas raised eyebrows. U.S. commitments stand at 56% of the new USDA export estimate and shipments at 11%. Cotton futures rallied from a shallow dip to finish higher Friday, recovering nearly all of what it lost the prior session. December gained 78 points to settle at 68.62 cents, around the upper […]
U.S. crop forecast dropped 643,000 bales to 21.12 million, mainly on cuts in Texas and Georgia. Exports reduced 400,000 bales and ending stocks cut 200,000 bales. World estimates showed small adjustments. Cotton futures settled lower Thursday as traders digested USDA supply-demand forecasts generally in line with most pre-report estimates, with large ending stocks still expected. […]
Boll opening in Texas at 60% lagged behind the five-year average of 71%, but harvesting at 27% complete topped the average of 19%. Crop ratings improved. Weekly export sales report delayed until Friday. Cotton futures drifted to a mixed close Wednesday, up six points to down 22 points across the board, seeming to continue marking […]
Light frosts, freezes recorded in the northern Texas Plains. U.S. upland growers have contracted 10% of their expected acreage. Upland loans outstanding declined 3,202 RB to 128,298. Cotton analysts projected U.S. crop of 21.31 million bales ahead of USDA forecast. Cotton futures chopped back and forth on a worn trading-range treadmill and finished unchanged to […]
Classing reached 1.333 million RB, including 1.21 million at Corpus. Some aflatoxin found in cottonseed. Plants reported shutting down in the Plains. Defoliation expanded rapidly in the Southeast. North Delta crop made excellent progress. South Delta harvest rushed. Ginning began in Central Arizona. Stalks shredded in the San Joaquin Valley. Cotton futures finished a lightly […]
Hurricane warning issued for Gulf Coast. Browning or bronzing of foliage, accompanied by premature defoliation, reported on the Texas Plains. U.S. Far East premium narrowed. Mill on-call sales hit another record high. Cotton futures rallied from a dip below the prior-session low to finish higher for the day and week amid weather jitters Friday. December […]
U.S. weekly export sales fell to 161,000 running bales and shipments dropped to 114,900 RB. Tropical Storm Nate headed for northern Gulf Coast. Cash online sales slowed to 1,334 bales on The Seam. Cotton futures clung to fractional gains in the early going Thursday after U.S. weekly export sales came in below expectations. December hovered […]
Rains forecast for the Southeast and showers on the Texas Plains appeared to have triggered the surge. Increase expected in export sales. World stocks outside China projected to grow 8.5 million bales, ICAC says. Cotton futures surged from a quiet early morning start to a 16-session high Wednesday and settled on the strongest one-day gain […]
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