Printable Page Cotton II News   Return to Menu - Page 1 8 9 33 57 58
DTN Closing Cotton            07/10 13:40

   Cotton Ends Higher on USDA Data

   The cotton market finished Friday higher as USDA numbers were below most 

Keith Brown
DTN Contributing Cotton Analyst

   The cotton market finished Friday higher as USDA numbers were below most 
expectations. The 2020 U.S. crop was pegged at 17.50 million from the June 
estimate of 19.50 million. Additionally, domestic stocks were lowered 6.70 
million, down from the June number of 8.0 million bales. A standout negative 
was a reduction seen in U.S. exports from June's 16.0 million to 15.0 million. 
Obviously, this month was a direct result of COVID-19. World stocks were 
lowered from last month's 104.67 million to Friday's 102.77 million bales. Into 
next week, the market will anticipate Monday's crop condition report for any 
further increase in deteriorations in the Texas crop. Afterwards, there will be 
fresh export sales numbers on Thursday. The hope of traders is not to see any 
forthcoming exports cancellations as the supply/demand data suggests.

   For the week, December cotton finished 1.36 cents higher, for the month the 
new crop is up 3.43 cents and for the year it is down 6.05 cents. However, we 
should all remember at its April low the December Market was down over 14.00 

   December cotton settled at 64.31 cents up 0.42 cent, March ended at 64.83 
cents, up 0.34 cent and December 2021 closed at 64.04 cents, up 0.30 cent. 
Friday's estimated volume was 19,429 contracts.

   Keith Brown can be reached at or by calling 
(229) 890-7780.

(c) Copyright 2020 DTN, LLC. All rights reserved.

No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!

Futures | Classifieds | USDA Reports | Commentary
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN