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DTN Closing Cotton 06/30 16:55
Cotton Market Materially Lower Today
The cotton market was materially lower today amid disappointing acreage
projections. Although USDA had pegged 2025 acres down year/over/year by some
10%, traders were anticipating deeper cuts. However, acres were higher.
Keith Brown
DTN Contributing Cotton Analyst
The cotton market was materially lower today amid disappointing acreage
projections. Although USDA had pegged 2025 acres down year/over/year by some
10%, traders were anticipating deeper cuts. However, acres were higher.
Highlights from USDA's long-awaited planted acres data for 2025 were as
follows: US Cotton planted area 10.12 million acres vs 9.867 million in March
Prospective Plantings and 9.735 million expected from a pre-report survey. The
fact that acreage went up instead of down from the March number and was above
the upper end of the expected range was viewed as particularly bearish.
Today at 4 p.m. EDT, USDA will update its crop progress/condition numbers.
Last week's reading showed the 2025 Crop was 92% planted versus the five-year
average of 95%. It was rated at 47% good/excellent, compared to the previous
season's 56% good/excellent standing.
The six-to-ten-day weather outlook (July 5th-July 9th) shows West Texas with
normal to slightly below-normal temperatures, while the Delta and the Southeast
look to have much-above-normal readings. Rain-wise, most of the US Cotton Belt
looks to have normal to slightly above-normal opportunities.
For today, December 2025 finished at 6813, minus 119 points, while March
2026 closed at 6946, off 114 points. Today's estimated volume was 47,700
contracts.
Keith Brown can be reached at commodityconsults@gmail.com
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