Cotton #2 Mar '22 (CTH22)
Cotton #2 Futures Market News and Commentary
Cotton futures were down 10 to 62 points in the front months, with other contracts up 6 to 26 points. July was down 127 points this week, with December up 26 points. The US dollar index was $0.044 lower at $98.925. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran.
Commitment of Traders data showed managed money cutting back 7,845 contracts of futures and options from their net long in cotton as of Tuesday, taking it to 54,200 contracts.
USDA’s Export Sales report from Thursday morning showed 153,622 RB of cotton sold for 2025/26 in the week of 5/21. That was a 4-week high. Vietnam was the buyer of 48,800 RB, with Pakistan in for 41,300 RB and 24,900 RB sold to China. There was also 112,041 RB in new crop sales in that week, back down from last week. Pakistan was the buyer of 68,300 RB, with 26,100 RB sold to Mexico. Shipments were tallied at 317,706... Read more
Barchart · Fri May 29, 4:59PM CDT
Cotton futures were down 10 to 62 points in the front months, with other contracts up 6 to 26 points. July was down 127 points this week, with December...
Barchart · Fri May 29, 1:27PM CDT
July NY world sugar #11 (SBN26 ) on Friday closed up +0.13 (+0.93%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +12.50 (+2.94%). Sugar prices...
Barchart · Fri May 29, 1:25PM CDT
July ICE NY cocoa (CCN26 ) on Friday closed down -176 (-4.29%), and July ICE London cocoa #7 (CAN26 ) closed down -112 (-3.63%). Cocoa prices settled sharply...
Barchart · Fri May 29, 1:24PM CDT
July arabica coffee (KCN26 ) on Friday closed down -8.65 (-3.15%), and July ICE robusta coffee (RMN26 ) closed down -78 (-2.19%). Coffee prices settled...
Barchart · Fri May 29, 12:26PM CDT
Cotton futures are trading with front months down as much as 58 points and other contracts up 2 points. The US dollar index is $0.149 lower at $98.820....
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