Cotton futures are falling 93 to 117 points across the front months on Monday. Crude oil futures are down 145 cents per barrel at $60.93. The US dollar index is falling another $0.584 to $96.820. USDA Export Sales data showed 7.35 million RB of cotton commitments as of Jan 15, 13% below last year. That was also 64% of the USDA projection and well behind the 81% average pace. More News from Barchart Commitment of Traders data showed managed money in cotton futures and options adding 1,580 contracts to t ...

Market Overview - Cotton futures experienced a slight decline, with March futures down 85 points this week, while crude oil futures increased by $1.95 per barrel to $61.31 [1] - The US dollar index decreased by $0.871 to 97.305 [1] Export Sales Data - USDA Export Sales reported a marketing year high of 412,457 RB of cotton sold for the week ending January 15, with Vietnam being the largest buyer at 220,700 RB [2] - Bangladesh purchased 38,600 RB, and export shipments totaled 187,776 RB, also a marketing year high, with Vietnam receiving 62,300 RB and Pakistan 45,900 RB [2] Commitment of Traders Data - Managed money in cotton futures and options increased their net short position by 1,580 contracts, bringing the total to 51,952 contracts as of Tuesday [3] Ginning Data - NASS Cotton Ginnings reported 732,950 RB of cotton ginned from January 1 to January 15, contributing to a marketing year total of 12.695 million RB [3] Auction and Price Data - The Thursday online auction from The Seam recorded sales at 62.43 cents/lb for 16,726 bales, while the Cotlook A Index remained unchanged at 74.55 cents on January 22 [4] - ICE certified cotton stocks were stable at 10,422 bales, and the Adjusted World Price was updated to 50.99 cents/lb, down 18 points from the previous week [4] - March 26 Cotton closed at 63.81 cents, down 7 points; May 26 Cotton closed at 65.48 cents, down 1 point; July 26 Cotton closed at 66.97 cents, unchanged [4]

Market Overview - Wheat is experiencing gains of 4 to 9 cents as of Monday morning, with Chicago SRW futures showing a slight decrease while KC HRW futures closed higher [1] - Open interest in Chicago SRW futures increased by 3,792 contracts on Friday, while KC HRW futures saw a decrease of 463 contracts [1] USDA Reports - The USDA is set to release the Winter Wheat Seedings report, with analysts predicting a total winter wheat acreage of 32.4 million acres, including 23 million acres for HRW, 5.9 million acres for SRW, and 3.5 million acres for white wheat [2] - US wheat ending stocks are expected to decrease by 5 million bushels to 896 million bushels according to the WASDE report [2] Grain Stocks Report - The upcoming quarterly Grain Stocks report is anticipated to show an average estimate of 1.636 billion bushels of wheat on hand as of December 1, with estimates ranging from 1.59 to 1.696 billion bushels [3] Commitment of Traders Data - Recent Commitment of Traders data indicates that managed money has increased their net short position in CBT wheat futures and options to 107,165 contracts as of January 6 [4] - In contrast, spec traders in KC wheat have reduced their net short position by 2,664 contracts to 15,655 contracts, marking the smallest net short since November 2024 [4] Price Movements - As of the latest data, various wheat futures prices are as follows: - March 26 CBOT Wheat closed at $5.17 1/4, currently up 7 3/4 cents - May 26 CBOT Wheat closed at $5.28 3/4, currently up 7 1/4 cents - March 26 KCBT Wheat closed at $5.30 1/4, currently up 9 cents - May 26 KCBT Wheat closed at $5.43, currently up 7 cents - March 26 MIAX Wheat closed at $5.68 1/2, currently up 4 1/4 cents - May 26 MIAX Wheat closed at $5.78, currently up 4 1/4 cents [4]

Core Insights - Corn futures are experiencing gains, with prices increasing by 1 to 2 cents, and the national average cash corn price rising to $4.08 ½ [1] - Total export sales commitments for corn have reached 50.538 million metric tons (MMT), which is 30% larger than the same period last year and represents 62% of the USDA's estimate for the full marketing year, exceeding the average pace of 60% [1] Market Position - Managed money has shifted to a net short position of 23,584 contracts in corn futures and options as of December 30, indicating a move to the short side of 26,343 contracts [2] - Current corn prices for various futures contracts are as follows: Mar 26 at $4.46 1/4, May 26 at $4.54, and Jul 26 at $4.60, all showing slight increases [2]

Group 1 - Corn futures are experiencing losses of 2 to 4 cents as trading begins in 2026, indicating some market weakness [1] - The national average Cash Corn price has increased by 2 ¼ cents to $3.98 1/4 [1] - A private export sale of 132,000 MT of corn to South Korea was reported by USDA, with expectations for corn bookings between 0.7-1.5 MMT for the week of 12/25 [1] Group 2 - USDA announced payment details for the Farm Bridge Assistance program, with corn payments set at $44.36 per acre [2] - Managed money has shifted back to a net long position by 55,431 contracts, resulting in a net long of 2,759 contracts, primarily due to short covering [2] - Current prices for various corn futures are as follows: Mar 26 Corn at $4.37 1/2 (down 2 3/4 cents), Nearby Cash at $3.98 1/4 (up 2 1/4 cents), May 26 Corn at $4.45 (down 3 1/4 cents), and Jul 26 Corn at $4.51 1/4 (down 3 1/4 cents) [2]

Market Overview - Soybean prices increased by 5 to 7 cents on Christmas Eve, while futures contracts decreased by 1 to 2 cents at the Tuesday close [1] - Open interest fell by 9,511 contracts on Tuesday, primarily due to a reduction of 20,552 contracts in January futures, although other front months saw an increase [1] - The national average cash price for soybeans was reported at $9.80 3/4, down 3 cents from the previous day [1] Futures Performance - Soymeal futures experienced gains ranging from $1.10 to $2.50, while Soy Oil futures declined by 25 to 39 points [1] - Specific closing prices for January, March, and May 2026 soybeans were $10.51 1/2, $10.63 3/4, and $10.74 1/4 respectively, with slight decreases noted [4] Export Sales Data - The USDA reported soybean export sales for the week ending December 11 at 2.396 million metric tons (MMT), marking a marketing year high and a 68.3% increase compared to the same week last year [3] - China was a significant buyer, purchasing 1.38 MMT, contributing to total known sales to China of 6.2 MMT [3] - Soymeal sales surpassed trade estimates at 616,453 metric tons, while bean oil sales were recorded at 8,660 metric tons [3] Commitment of Traders - Managed money reduced their net long position by 32,560 contracts, bringing the total to 147,778 contracts for the week ending December 16 [2]

Group 1 - Soybean futures experienced a decline, with contracts falling 15 to 17 cents lower on Friday, resulting in a weekly loss of 28 cents for the January contract [1] - The national average cash bean price decreased by 17 cents, settling at $10.06 1/2 [1] - Soymeal futures showed mixed results, with front months increasing by 40 cents to $1.80, while January closed down $4.90 [1] Group 2 - The upcoming Export Sales report is expected to show soybean sales between 0.8-3 million metric tons (MMT) for the week of November 20, with meal sales estimated at 100,000-450,000 metric tons and bean oil sales at 5,000-25,000 metric tons [2] - Commitment of Traders data indicated that spec funds added 35,182 contracts to their net long position, reaching a total of 229,625 contracts net long, the highest since October 2020 [3] - AgRural reported that the Brazilian soybean crop is 97% planted as of Thursday [3]

Group 1 - Cotton prices decreased by 2 to 6 points across most front months on Thursday, following a previous increase of 25 to 30 points in the front months on Wednesday [1] - Crude oil futures rose by 71 cents per barrel, closing at $58.96, while the US dollar index fell by $0.578 to $98.620 [1] - Commitment of Traders data indicated that managed money reduced their net short position by 3,453 contracts, bringing the total to 60,329 contracts as of November 10 [1] Group 2 - An online auction from The Seam on Tuesday reported sales of 6,299 bales at an average price of 59.38 cents per pound [2] - The Cotlook A Index decreased by 25 points to 73.70 cents on December 9, while ICE certified cotton stocks remained steady at 13,971 bales [2] - The Adjusted World Price was updated to 51.28 cents per pound, reflecting an increase of 51 points from the previous week [2] - Cotton futures for Mar 26 closed at 64.12 (up 26 points), May 26 at 65.17 (up 25 points), and Jul 26 at 66.16 (up 25 points), with current decreases of 6, 4, and 3 points respectively [2]

Group 1 - Corn prices are slightly higher by 2 cents on Monday morning, following a loss of 1 to 2.5 cents on Friday, with March futures closing the week down 3 cents [1] - The national average cash corn price decreased by 2.25 cents to $3.99 1/4 [1] - Managed money reduced their net short position by 71,479 contracts to 89,506 contracts, while commercials increased their net short position by 77,722 contracts to 128,585 contracts [2] Group 2 - The USDA is expected to release a report on Export Sales data, with traders anticipating 1-2 million metric tons (MMT) of corn bookings for the week ending November 6 [2] - The upcoming WASDE report is projected to show US corn ending stocks at 2.145 billion bushels (bbu), a decrease of 9 million bushels (mbu) from the previous report [3] - Argentina's corn crop is reported to be 44% planted, which is behind last year's pace of 46%, while Brazil's corn crop is estimated at 135.3 MMT for 2025/26, down 5.8 MMT from the previous year [3]

Group 1 - Cotton prices have decreased by 6 to 10 points in nearby contracts, reversing early gains [1] - Crude oil futures have increased by 73 cents per barrel, reaching $59.37 [1] - The US dollar index has fallen by $0.436 to $98.860 [1] Group 2 - The December 2 online auction from The Seam reported 15,688 bales sold at an average price of 61.31 cents per pound [2] - The Cotlook A Index decreased by 10 points to 74.95 cents [2] - ICE certified cotton stocks remained steady at 19,894 bales as of December 2 [2] - The Adjusted World Price was updated to 50.77 cents per pound, down 3 points from the previous week [2] - Cotton prices for December 25, March 26, and May 26 contracts are at 62.77 cents, 64.47 cents, and 65.63 cents respectively, with decreases of 6, 10, and 8 points [2]