Traders awaited the U.S. weekly export sales-shipments report. U.S.-China trade conflict has raised concerns about sales cancellations by China. Talk of possible U.S. cotton transshipments circulated. Cotton futures settled mostly higher Wednesday, with December bouncing from an overnight drop below lows of the previous three weeks to close on a modest gain. December ended up […]
December has lost 914 points or 9.8% in three sessions. Trade saber rattling “feels more and more like a trade war.” Amendments affecting cotton added to Senate Farm Bill. Cotton futures closed down nearly the 400-point daily limit in 2018-19 marketing year contracts Tuesday amid apparent ongoing long liquidation. December settled down 395 points to […]
Concerns about possible cancellations of U.S. sales to China pounded futures. High abandonment in Texas termed fairly common. First bale harvested in Rio Grande Valley. Lower Southeast producers planted additional cotton. Delta cotton made good to excellent progress. Cotton futures fell to a second day of heavy closing losses Monday, with July losing its premium […]
Escalating U.S.-China trade tensions pounded cotton. Mills priced 8,853 lots in July. Activity involving December 2019 eyed. Cotton futures tumbled to steep losses Friday as fears of a U.S.-China trade war intensified, with most-active December falling to a seven-session intraday low. December lost 311 points to settle at 89.85 cents, near the low of its […]
U.S. export commitments for 2017-18 stand 16% above sales a year ago and 109% above USDA’s new estimate, while forward sales are 33% of the 2018-19 forecast. Shipments are 83% of the upwardly revised estimate. China’s import quota for calendar 2018 came in below expectations. Cotton futures bounced late in the session to close a […]
Fed raised rates, as expected. Weak weekly old-crop cotton export sales generally expected as prices have rationed tight supplies, but 2017-18 shipments now are projected up 7.2% from last season. Cotton futures settled mixed, down 140 to up 119 points, as traders awaited the U.S. weekly export sales-shipments report from USDA. Spot July finished with […]
A 500,000-bale jump to 16 million in U.S. 2017-18 exports highlighted USDA’s monthly supply-demand report, resulting in corresponding cuts in ending stocks to 4.2 million bales for this season and 4.7 million bales for next season. World 2018-19 ending stocks reduced 725,000 bales. Cotton futures settled up 23 to 122 points Tuesday as contracts through […]
Hot, dry week forecast for the Texas Plains after welcome rain fell in parts of the region Sunday. Bulk of the dryland acres remained dry. U.S. crop cut expected. Unpriced on-call sales figured prominently in driving July to a new high. Producers’ largest call activity focused on December 2019. Cotton futures reversed from session highs […]
July cotton closed up 1.22 cents Friday while the December contract was down 0.19, a mixed finish that saw both contracts achieve modest gains for the week. July cotton finished up 1.22 cents Friday at 94.94, just shy of its contract high as prices recovered from a lower start earlier in the week. December cotton […]
December cotton pushed higher for a second day on Thursday, finishing up 2.24 cents at 92.79, as hot temperatures continue to cover west Texas. December cotton prices closed up 2.24 cents at 92.79 Thursday, fighting back from earlier losses this week and overcoming Thursday’s report of low export sales to finish back near its contract […]
December cotton bounced back from two days of losses Wednesday, gaining 1.57 to 90.55 as west Texas temperatures neared triple digits. December cotton prices closed up 1.57 cents at 90.55 Wednesday, recuperating after two days of losses with help from hot temperatures in west Texas. Meanwhile, the seven-day forecast expects moderate rains to help crops […]
July cotton fell 2.26 cents to 89.84 cents Tuesday, finishing a second day lower after last week’s Alberto-inspired rally took prices to a peak of 96.40 on Wednesday. Prices eased with beneficial showers in the seven-day forecast. July cotton prices closed down 2.26 cents and the December contract was down 1.96 cents, both falling a […]
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