Cotton #2 Jul '28 (CTN28)
Cotton #2 Futures Market News and Commentary
Cotton futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index was $0.104 lower at $98.485. Crude oil was down $2.24 on the day, as risk was taken off the table ahead of the US/Iran talks this weekend.
Managed money was slashing another 10,206 contracts from their net short in cotton futures and options in the week of April 7. That took their near record (in mid-February) net short to just net short 2,020 contracts.
USDA’s Export Sales report now has cotton export commitments at 10.25 million RB, down just 2% from last year. That is 91% of the USDA export forecasts and lags the average of 99%. Shipments are now above last year at this point at 6.403 million RB, which is 57% of USDA’s number and lags the 59% average shipping pace.
The Seam showed 12,229 bales sold on 4/9 at an average of 72.88 cents/lb. The Cotlook A Index was 30 points higher on April 9 at 82.55 cents. ICE certi... Read more
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Barchart Fri Apr 10, 5:34PM CDT
Cotton futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index...
Barchart Fri Apr 10, 1:33PM CDT
May NY world sugar #11 (SBK26 ) on Friday closed down -0.11 (-1.22%), and May London ICE white sugar #5 (SWK26 ) closed down -1.30 (-0.31%). Sugar prices...
Barchart Fri Apr 10, 1:32PM CDT
May ICE NY cocoa (CCK26 ) on Friday closed up +84 (+2.66%), and May ICE London cocoa #7 (CAK26 ) closed up +56 (+2.37%). Cocoa prices settled higher on...
Barchart Fri Apr 10, 1:30PM CDT
May arabica coffee (KCK26 ) on Friday closed up +6.40 (+2.18%), and May ICE robusta coffee (RMK26 ) closed up +14 (+0.42%). Coffee prices settled higher...
Barchart Fri Apr 10, 12:26PM CDT
Cotton futures are trading with 9 to 15 point losses in the front months on Friday. The US dollar index is $0.079 lower at $98.510. Crude oil is up 50...
Barchart 4 minutes ago
Labcorp Holdings will release its first-quarter earnings later this month, and analysts anticipate a single-digit bottom-line growth.
Barchart 8 minutes ago
Royal Caribbean Cruises will release its first-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
Barchart Sun Apr 12, 12:00PM CDT
Markets face extraordinary uncertainty following the collapse of lengthy U.S.-Iran diplomatic talks that ended with no deal, as Vice President J.D. Vance...
Barchart Sun Apr 12, 10:54AM CDT
Eaton will release its first-quarter earnings soon, and analysts anticipate a low single-digit bottom-line growth.
Barchart Sun Apr 12, 10:49AM CDT
Revvity will release its first-quarter earnings soon, and analysts anticipate a low single-digit bottom-line growth.
Barchart Sun Apr 12, 10:41AM CDT
SBA Communications will release its first-quarter earnings soon, and analysts anticipate a double-digit FFO dip.
Barchart Sun Apr 12, 10:31AM CDT
Cincinnati Financial will release its first-quarter earnings later this month, and analysts anticipate a robust triple-digit bottom-line growth.
