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Cotton Rollercoaster: USDA Supply Boost Weighs as Buyers Nibble

Cotton Rollercoaster: USDA Supply Boost Weighs as Buyers Nibble

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This is your Daily Cotton Price Tracker with Vanessa Clark podcast.

Hey everyone, I'm Vanessa Clark, and welcome back to the Daily Cotton Price Tracker. I'm so glad you're here with me today as we break down what's happening in the cotton markets right now.

Let's jump right into today's trading action. As of December second, twenty twenty five, cotton futures closed at approximately sixty one point seven cents per pound, up just slightly from the previous trading session. Now, if you've been following along with us, you know that cotton has been on a bit of a rollercoaster lately. Over the past month alone, prices have fallen about six percent, and compared to this time last year, we're down roughly thirteen percent. It's definitely a softer market than we saw back in March of twenty eleven when cotton hit an all time high of two hundred twenty seven cents per pound.

But here's what's interesting about today's action. After taking some losses on Monday with futures falling seven to twelve points across most contracts, cotton is bouncing back a bit on Tuesday morning. We're seeing upward movement of four to eight points so far today, which suggests some buyers are stepping in after those Monday declines. That's the kind of volatility we've been experiencing in thinner trading conditions, especially as we head into the holiday season.

Let's talk about what's really moving the market underneath the surface. The USDA just released some important data that traders are digesting right now. They've raised the forecast for United States cotton production by nine hundred thousand bales, bringing the total projection to fourteen point one million bales. They're citing higher yields across most states, which is pushing supply expectations higher. On the global front, worldwide cotton production got revised up by two point four million bales, so there's plenty of cotton coming to market.

From an export perspective, things have been a bit mixed. Weekly export sales for the week ending October twenty third came in at one hundred thirty two thousand seven hundred sixty running bales, which was down about twenty four percent from the previous week. That said, shipments this marketing year have been solid at one hundred seventy four thousand seven hundred eighty eight running bales, so there's still decent activity happening.

Looking at the physical market, we've also got some interesting auction data. The Seam reported their November twenty eighth online auction moved thirty six hundred five bales at an average price of fifty nine point seventy five cents per pound. The Cotlook A Index held steady at seventy four point ninety five cents on Friday, and the Adjusted World Price came in at fifty point seventy seven cents per pound.

So what does this all mean for you? Right now traders are assessing both the demand and supply outlook. The USDA's projections suggest we'll have ample supply heading into next year, which is weighing on prices. However, the slight uptick we're seeing today tells me there's still interest from buyers at these lower levels.

Thank you so much for tuning in to the Daily Cotton Price Tracker. I really hope this information helps you understand what's moving the cotton markets today. Be sure to subscribe and join me next time for more updates on cotton prices and market trends. Until then, stay informed and I'll catch you tomorrow.

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