Cotton Head Lower with Weak Export Sales Data
Cotton futures closed Thursday 36 to 67 points lower, following a second week of poor export sales data. The dollar index added some pressure, up 285 points. Crude oil futures were up $3.86/barrel on the day on escalating tensions in the Middle East as the world awaits Israel’s response to...
Cotton Falling with Weak Export Sales Data
Cotton futures are 85 to 91 points lower at midday, following a second week of poor export sales data. The dollar index is adding some pressure, up 270 points. Crude oil futures are up $3.50/barrel t midday on escalating tensions in the Middle East as the world awaits Israel’s response...
Meat, corn export sales up on week
The USDA’s reporting a generally solid week for U.S. export sales. Corn, beef, pork, wheat, sorghum, cotton, rice, and new crop soybean oil sales for the week ending September 26th all saw week-to-week improvements thanks better interest from some key customers. Export demand is driven by several factors, including domestic...
Cotton Falling on Thursday AM
Cotton prices are slipping lower ahead of the weekly Export Sales release, down 66 to 74 points. Futures ended the Wednesday session with contracts up 6 to 39 points across the board. The dollar index added some pressure, up 459 points. Crude oil futures were up $1.09/barrel. The Seam reported...
Cotton Heads Higher into the Close
Cotton futures ended the Wednesday session with contracts up 6 to 39 points across the board. The dollar index added some pressure, up 459 points. Crude oil futures were up $1.09/barrel. The Seam reported just 1,240 online cash cotton bale sales on Tuesday, averaging 72.66 cents/lb. ICE cotton stocks were...
Cotton Holding Gains at Midday
Cotton futures are trading with 24 to 34 point gains so far on Wednesday. The dollar index is adding some pressure, up 409 points. Crude oil futures are up 33 cents/barrel, and backing off the early strength. The monthly Cotton Systems report from USDA showed 1,271 RB consumed domestically in...
Cotton Sneaking Higher on Wednesday Morning
Cotton prices continue to see support from outside factors, as contracts are up 35 to 40 points at midday, with crude oil up another $2/barrel. Futures saw losses of 5 to 56 points on Tuesday. The dollar index added some pressure, up 414 points. Crude oil futures were up $2.73/barrel,...
Cotton Closes with Weakness
Cotton futures saw losses of 5 to 56 points on Tuesday. The dollar index added some pressure, up 414 points. Crude oil futures were up $2.73/barrel, on increased tensions out of the Middle East as Iran sent a barrage of missiles to Israel. Weekly Crop Progress data from NASS showed...
Cotton Slipping Lower at Midday
Cotton futures are down 45 to 67 points across the front months on Tuesday. The dollar index is adding some pressure, up 564 points. Crude oil futures are up $3.33/barrel at midday, on increased tensions out of the Middle East. Weekly Crop Progress data from NASS showed 72% of the...
Cotton Starting Tuesday Slightly Higher
Cotton prices are trading with slight 4 to 7 point gains on Tuesday AM. Futures were up 35 to 89 cents on Monday. The dollar index was up 391 points, with crude oil futures 28 cents/barrel higher to provide some outside support. Rains late last week and over the weekend...
Cotton Rallies on Monday, Conditions See Deterioration
Cotton futures were up 35 to 89 cents on Monday. The dollar index was up 391 points, with crude oil futures 28 cents/barrel higher to provide some outside support. Rains late last week and over the weekend have impacted a few cotton acres in the southeast, noted by the drop...
Corn and rice harvests nearly done in Arkansas
Nearly all of the Arkansas corn and most of the rice has been harvested as of Sunday. USDA reporters say 95% of the corn is in the bin. Eighty-five percent of the rice has been harvested. Ninety-six percent of the cotton bolls are opening, with 21% of the cotton crop...
Missouri harvest update
Missouri farmers continue to make good harvest progress. USDA says corn is 48% harvested, well ahead of the five-year average of 31%, and 10% ahead of last week. Soybean harvest is 13% complete, 5% ahead of last week, and slightly ahead of average, with 72% dropping leaves. Cotton harvest is...
Cotton Higher at Midday
Cotton futures are up 60 to 70 cents at Monday’s midday. The dollar index is up 231 points, with crude oil futures 40 cents/barrel higher to provide some outside support. Rains late last week and over the weekend have likely impacted a few cotton acres in the southeast. Commitment of...
Cotton Back to Higher Trade on Monday
Cotton prices are trading with 46 to 54 point gains in the nearbys on Monday. Futures posted losses of 4 to 32 points across most contracts on Friday, as December was down 80 points Friday/Friday. The dollar index was down 91 points, with crude oil futures back up 97 cents/barrel...