By Keith Brown DTN Cotton Correspondent Cotton closed fractionally higher Friday, although for the week the market was down 2.33 cents. The market started the week on a sour note as Monday saw a steep 2.00-cent decline. At that moment, the market was revisiting the 2 million-bale increase from USDA’s world supply-demand numbers. Of course, […]
By Keith Brown DTN Cotton Correspondent The cotton market ended Wednesday higher, but only fractionally so. Wednesday’s higher close came as a result of the market becoming short-term oversold. From its Sunday night opening, the market had plunged some 2.80 cents lower. The impetus to break centered on several market fronts, including the potential government […]
By Keith Brown DTN Cotton Correspondent Turnaround Tuesday did not rear its head, and that is unfortunate. After Monday’s two-cent collapse, hopes were high for some sort of recovery. However, that was not to be. Outright speculative liquidation, as well as stop-loss selling sent the market lower. For the past two days, cotton has lost […]
By Keith Brown DTN Cotton Correspondent The cotton market nosed-dived 2.00 cents lower Monday on fears of slowing trade and increased production. Monday’s bearish rout started with Saturday’s producer survey from the National Cotton Council. That member poll suggested increased acres for 2019, and, therefore, increased production. The survey indicated a 22.50 million-bale crop for […]
By Keith Brown DTN Cotton Correspondent The cotton market was lower Friday as USDA’s double month supply demand data proved uninspiring. The agency did lower the U.S. 2018 crop by 200,000 bales, which now is pegged at 18.40 million bales. USDA lowered domestic use by 100,000 bales and kept exports unchanged at 15.00 million bales, […]
By Keith Brown DTN Cotton Correspondent The market was lower Monday on strong volume. Apparently, Speculators continue to experience a bearish response to the neutral U.S./China trade talks. Their long liquidation of Thursday and Friday pierced a well-defined, and we might add, very obvious trend line, which kindled Monday’s selling adventure. Thus the ICE Futures […]
By Keith Brown DTN Cotton Correspondent The cotton market closed fractionally lower as first-of-the-month buying never emerged. To that end, the U.S./China trade talks suspended with no definite action on cotton, only the promise that China will buy non-specific amounts of US agricultural products. For the week, Spot March cotton is down 0.49 cent, within […]
By Keith Brown DTN Cotton Correspondent The cotton market settled the day slightly higher, as it has several items on its trading plate. First is the U.S./China trade meeting. As of this writing, there has been no serious word on how the current talks are faring. We understand that President Trump will meet with China’s […]
By Keith Brown DTN Cotton Correspondent On the eve of the trade talks with China, the cotton market traded both sides of unchanged, before settling fractionally higher. Earlier Tuesday there were concerns the market might sell-off on the news the U.S. Justice Department was going to prosecute the CFO of Huawei. She was arrested in […]
By Keith Brown DTN Cotton Correspondent The cotton market traded lower but was able to mitigate much of its losses Monday. Spot March traded right down into support, halting at 73.15 cents, closing down less than 0.30 cent. For the most part, Monday’s bearish action was impacted by outside influences of a sharply lower Dow […]
By Keith Brown DTN Cotton Correspondent The cotton market was higher Friday in part on news that the Federal Reserve officially indicated it was no longer on a definite path to hike interest rates. That news sent the U.S. dollar tumbling, while crude oil and cotton rallied. Additionally, the long-awaited trade talks between the U.S. […]
By Keith Brown DTN Cotton Correspondent The cotton market closed lower Thursday on slow volume. With the USDA still in shutdown mode, and fears of how next week’s trade talks might unfold, traders’ anxieties are rising. Typically, in times of uncertainty, markets tend to decline. For cotton, the lack of virtually any marketing information, such […]
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