By Keith Brown DTN Cotton Contributing Analyst The cotton market recovered from USDA’s less-than-positive crop report numbers to close slightly higher. The agency raised the 2018 crop some 180,000 bales. The 2018 crop now stands at 18.60 million bales from November’s 18.40 million. The government said the increase in production was from the Texas crop. […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market was moderately lower Monday as it spent the day watching the Dow Jones cascade some 500 points lower while the U.S. dollar zoomed upwards. The Dow and other financial markets broke on the cumulative negative Trump news from the weekend. There has been talk of […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market finished strongly higher on Friday, even though the financial markets remained under pressure. Initially, the less-than-expected jobs data report was thought to be bearish to the U.S. dollar, but bullish to the Dow. However, trade tensions with China overshadowed most supportive fundamentals. Cotton, as well, […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market had a hard day down along with others commodity and financial markets. The recent threatening tweets from President Trump, along with the arrest of the CFO of Huawei on Iranian sanctions violation, sent shock-waves though the global investing community. At one time Thursday, the Dow […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market saw technical buying emerge in Wednesday’s session, pushing prices well into triple-digits. The buying was encouraged by the fact that the market holds its Sunday night/Monday morning gap opening. There is an old trading saw that suggests if a gap holds for three trading days, […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market was moderately lower Tuesday as Monday’s reversal carried over to Tuesday’s session. Monday, the market flirted with limit-up once the news of that potential progress was made between the U.S. and China in their trade war. Unfortunately, like so often in life, the “anticipation is […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market settled sharply higher Monday amid the news of a U.S./China 90 day suspension tariff. Over the weekend, President Trump and President Xi agreed to the break in economic hostilities in order to give negotiators an opportunity to find an acceptable resolution to the war. However, […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market was nervously higher Friday as traders anticipated the Saturday meeting between President Trump and President Xi. Comments from both sides leading up the meeting suggest a common hope that a solution indeed exists. Under the right set of circumstances, an agreement between the two nations […]
By Keith Brown DTN Cotton Contributing Analyst On the lowest volume in several weeks, the cotton market traded both sides of unchanged Thursday in a very tight range. There were 18 deliveries tendered against spot December, which did cause that single contract to weaken. However, for the March and futures contracts beyond, there remains much […]
By Keith Brown DTN Cotton Contributing Analyst March cotton was sharply higher Wednesday after positive interest rate comments from Fed Chairman Jerome Powell sent the Dow Jones scurrying 500 points higher, while rolling the U.S. dollar down. Essentially, Powell’s speech was interpreted to mean the Federal Reserve may not hike interest rates at their December […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market spent all session Tuesday underwater as hefty deliveries and a strong U.S. Dollar prevented any sort of bullish enthusiasm from building. Earlier, a Tennessee exporter tendered some 400 delivery notices against the spot December. The fact a cash shipper was making delivering of actual bales […]
By Keith Brown DTN Cotton Contributing Analyst The cotton market sloughed off 198 deliveries against spot December to close demonstratively higher. In fact, spot December was 200-plus higher, while front leader March Cotton was 100-plus higher. The market is in the seasonal window to post its 2018 harvest low and many analysts believe it has […]
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