Cotton #2 Dec '10 (CTZ10)
Cotton #2 Futures Market News and Commentary
Cotton prices are down 205 to 275 points early on Friday. Futures saw weakness on Thursday with contracts down 175 to 287 points in the front months. The US dollar index was $0.352 higher at $98.775. Crude oil was up $1 at $102.02.
Few details announced following the meeting with President Trump and China’s President Xi left the market hanging. President Trump stated early this morning that US farmers will be very happy with the trade deals with China.
USDA’s Export Sales report from Thursday morning showed 47,699 RB of cotton sold for 2025/26 in the week of 5/7. That was a marketing year low and down 27.47% from same week last year. Vietnam was the buyer of 31,800 RB, with 4,100 RB sold to Indonesia. There was also 29,716 RB in new crop sales in that week, with 13,800 RB sold to Vietnam. Shipments were tallied at 290,293 RB, an 8-week low. Vietnam was the top destination of 84,100 RB, with 37,600 RB headed to Turkey.
The Seam showed sales of 1,228 bales on Tuesday... Read more
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