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Alan Brugler
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Cotton Collapses on Monday with Larger Acreage
BarchartMon Jun 30, 5:10PM CDT
Cotton posted triple digit losses on Monday, with contracts down 112 to 124 points on larger than expected acreage number reported. Crude oil was down $0.55/barrel, with the US dollar index $0.590 lower. Weekly Crop Progress data showed 95% of the US cotton crop planted (98% on average), with 40%...
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Cotton Falling on Monday with Larger Acreage Number
BarchartMon Jun 30, 11:54AM CDT
Cotton futures are showing weakness on Monday, with a larger than expected acreage number reported by the USDA. Contracts are down 110 to 139 points at midday with in delivery July up 45 points. Crude oil is down $0.58/barrel, with the US dollar index $0.376 lower The Friday afternoon Commitment...
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Cotton Squaring Up Ahead of USDA Data
BarchartMon Jun 30, 7:35AM CDT
Cotton price action is down 34 to 39 points early on Monday. Futures closed out the Friday session with contracts up 45 to 66 points, as July was 348 points higher. Crude oil is down $0.19/barrel, with the US dollar index up $0.113 The Friday afternoon Commitment of Traders report...
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Cotton Bulls Push Gains into the Weekend
BarchartFri Jun 27, 4:38PM CDT
Cotton futures closed out the Friday session with contracts up 45 to 66 points, as July was 348 points higher. Crude oil is down $0.19/barrel, with the US dollar index up $0.113 The Friday afternoon Commitment of Traders report showed cotton spec traders trimming back 2,946 contracts from their net...
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Cotton Gains Extending into the Weekend
BarchartFri Jun 27, 12:21PM CDT
Cotton futures are up 56 to71 points so far on Friday’s midday. Crude oil is down $0.09/barrel, with the US dollar index down $0.108. Weekly Export Sales data showed total cotton export bookings shipped and unshipped at 11.696 million RB, which is 109% of the USDA projection and behind the...
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Cotton Push Higher Continuing on Friday AM Trade
BarchartFri Jun 27, 7:37AM CDT
Cotton price action is up another 38 to 47 points on Friday morning. Futures ended the Thursday session with contracts continuing to push higher, up 27 to 63 points despite weaker Export Sales data. Crude oil was up $0.33/barrel, with the US dollar index down $0.333. Weekly Export Sales data...
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Cotton Close with Gains Despite Export Sales Data
BarchartThu Jun 26, 4:49PM CDT
Cotton futures ended the Thursday session with contracts continuing to push higher, up 27 to 63 points despite weaker Export Sales data. Crude oil was up $0.33/barrel, with the US dollar index down $0.333. Weekly Export Sales data showed just 27,342 RB of 2024/25 cotton sold in the week ending...
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Cotton Push Higher Continuing on Thursday
BarchartThu Jun 26, 12:14PM CDT
Cotton futures are trading with 30 to 46 point gains across most contracts on Thursday, with thin and in delivery July down 285 points. Support is continuing to come via outside factors. Crude oil is up $1.16/barrel, with the US dollar index down $0.593. Weekly Export Sales data showed just...
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Cotton Closes Higher on Wednesday
BarchartThu Jun 26, 7:46AM CDT
Cotton price action is steady so far on Thursday trade. Futures closed Wednesday with gains of 43 to 53 points across most contracts on Wednesday. Support came via some outside factors. Crude oil was back up 56 cents/barrel, with the US dollar index down $0.165. Traders are looking for cotton...
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Cotton Closes Higher on Wednesday
BarchartWed Jun 25, 5:18PM CDT
Cotton futures closed Wednesday with gains of 43 to 53 points across most contracts on Wednesday. Support came via some outside factors. Crude oil was back up 56 cents/barrel, with the US dollar index down $0.165. Traders are looking for cotton acreage to total 10 million acres in Monday’s June...
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Cotton Pushing Higher at Midday
BarchartWed Jun 25, 12:39PM CDT
Cotton futures are up 54 to 101 points across most contracts on Wednesday. Crude oil is back up $1.26 at midday, with the US dollar index steady. Traders are looking for cotton acreage to total 10 million acres in Monday’s June 30 Acreage report. The Seam reported just 182 bales...
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Cotton Extending Bounce on Wednesday Morning Trade
BarchartWed Jun 25, 7:35AM CDT
Cotton price action is up 10 to 27 points across most contracts on Wednesday. Futures posted 35 to 60 point gains on Tuesday, as July was up 205 points on First Notice Day. Crude oil was down $3.50 on Tuesday to $65.07. Late on Monday a ceasefire was announced between...
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Cotton Bulls Push Back on Tuesday
BarchartTue Jun 24, 5:05PM CDT
Cotton futures posted 35 to 60 point gains on Tuesday, as July was up 205 points on First Notice Day. Crude oil was down $3.50 on Tuesday to $65.07. Late on Monday a ceasefire was announced between Israel and Iran. The US dollar index was down $0.450 on the day...
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Cotton Holding Gains at Midday
BarchartTue Jun 24, 12:25PM CDT
Cotton futures are showing 40 to 50 point gains, as July is up 254 points on First Notice Day. Crude oil was down $4 so far on Tuesday Late on Monday a ceasefire was announced between Israel and Iran. The US dollar index was down $0.575 on the day to...
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Cotton Rallying to Start Tuesday Trade
BarchartTue Jun 24, 7:45AM CDT
Cotton price action is up 28 to 229 points so far on Tuesday morning. Today is first notice day for July Cotton Futures. Futures closed the Monday session mixed, with the nearby contracts down 8 to 17 points and December rallying up 71 points. Crude oil was down $6.70 at...
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