Cotton futures are trading with 42 to 70 point gains across the front months on Friday. The US dollar index was $0.207 higher at $99.915. Crude oil is up $4.32 on the day to $98.80. Export Sales data now has the 9.556 million RB of combined cotton sales and shipments as of 3/19, down 7% from a year ago. That is 85% of the USDA export projection and lags the 98% average sales pace. More News from Barchart March Intentions data is expected to show cotton acreage at 9.229 million acres according to a Reut ...

Group 1 - Corn futures increased by 1 to 4 cents, with March down 4 ¼ cents for the week, supported by gains in wheat [1] - The national average Cash Corn price rose by 1 3/4 cents to $3.94 1/4, while the average December corn close was $4.60, down 10 cents from the previous year [1] Group 2 - Export sales data indicated strong performance, with old crop corn sales at 1.47 million metric tons (MMT) for the week of February 12, which is 1.1% higher than the same week last year [2] - New crop sales were recorded at 65,700 metric tons, with Japan being the top buyer at 381,500 metric tons, followed by Mexico at 270,100 metric tons and Taiwan at 127,300 metric tons [2] Group 3 - Commitment of Traders data showed a reduction of 20,795 contracts from the spec fund net long position, resulting in a net short position of 27,415 contracts [3] - A South Korean importer purchased 132,000 metric tons in a recent tender [3] - Closing prices for corn futures included Mar 26 at $4.27 1/2 (up 1 3/4 cents), Nearby Cash at $3.94 1/4 (up 1 3/4 cents), May 26 at $4.39 3/4 (up 3 1/2 cents), and Jul 26 at $4.48 1/4 (up 3 3/4 cents) [3]

Group 1 - Corn futures are experiencing gains of 1 to 3 ¾ cents, supported by double-digit gains in wheat [1] - The national average Cash Corn price has increased by 1 ¾ cents to $3.94 ¼, with the average December corn close at $4.60, down 10 cents from the same period last year [1] - Export sales data indicates strong performance, with old crop corn sales at 1.47 MMT for the week of 2/12, which is 1.1% higher than the same week last year [2] Group 2 - A South Korean importer has purchased 132,000 MT of corn in a recent tender [3] - March 26 Corn is priced at $4.27 ½, up 1 ¾ cents, while May 26 Corn is at $4.39 ¾, up 3 ½ cents [3] - Nearby Cash Corn remains at $3.94 ¼, reflecting an increase of 1 ¾ cents [3]

Group 1 - Corn futures are experiencing midday losses ranging from 1 to 2.5 cents, with the CmdtyView national average cash corn price increasing by 0.5 cents to $3.94 1/2 [1] - Ethanol production for the week ending on February 13 was reported at 1.118 million barrels per day, an increase of 8,000 barrels per day from the previous week, while stocks rose by 341,000 barrels to 25.588 million barrels [1] - The USDA's armchair estimate for the US corn balance sheet indicated an acreage estimate of 94 million acres, a decrease of 4.8 million acres if realized this spring, with corn production estimated at 15.755 billion bushels and trend yield at 183 bushels per acre [2] Group 2 - The International Grains Council reported that corn stocks are unchanged at 305 million metric tons for the 2025/26 period, despite a consumption increase of 1 million metric tons [3] - Current corn prices include March 26 Corn at $4.24 1/2, Nearby Cash at $3.91 1/4, May 26 Corn at $4.35, and July 26 Corn at $4.43 1/2, all showing slight declines [3]

Market Overview - Cotton futures experienced losses of 15 to 20 points at the close on Friday, but March futures gained 105 points over the week [1] - Crude oil futures decreased by 3 cents per barrel, settling at $62.81 [1] - The US dollar index fell by $0.067 to 96.770 [1] - The markets will be closed on Monday for President's Day [1] Export Commitments - USDA's Export Sales data reported 8.034 million RB of cotton export commitments, which is 12% lower than the previous year [1] - This figure represents 71% of USDA's revised export projection, a decline from the previous average pace of 88% [1] Speculative Positions - CFTC data indicated an increase of 3,856 contracts in the spec net short position for the week ending on February 10 [2] - Managed money held a net short position of 75,602 contracts as of Tuesday [2] Cotton Sales and Prices - The Seam reported sales of 15,617 bales on February 12, with an average price of 57.90 cents per pound [3] - The Cotlook A Index rose by 25 points to 73.55 cents [3] - ICE certified cotton stocks increased by 3,808 bales, reaching a total of 106,040 bales [3] - The Adjusted World Price was reduced to 49.39 cents per pound, down 39 points from the previous week [3] Futures Prices - March 26 Cotton closed at 62.11, down 18 points [3] - May 26 Cotton closed at 64.13, down 20 points [3] - July 26 Cotton closed at 65.82, down 16 points [3]

Group 1 - Corn futures experienced gains due to strength from wheat and a weaker US dollar, with contracts closing up by 1 ¼ to 3 ½ cents [1] - The national average Cash Corn price increased by 3 ¾ cents, reaching $3.94 ½ [1] - March 26 Corn closed at $4.30, up 3 ½ cents, while May 26 and July 26 Corn closed at $4.38 and $4.44 respectively, both up 3 ¼ cents [3] Group 2 - EIA data indicated a decrease in ethanol production by 5,000 barrels per day, totaling 1.114 million bpd for the week of January 23 [2] - Ethanol stocks saw a draw of 339,000 barrels, bringing the total to 25.4 million barrels [2] - Ethanol exports fell by 61,000 bpd to 157,000 bpd, while refiner inputs increased by 31,000 bpd to 883,000 bpd [2] Group 3 - Export Sales data is anticipated to be released on Thursday, with expectations for 2025/26 corn bookings between 1 to 2.5 million metric tons for the week of January 22 [3] - Sales for 2026/27 are projected to be between 0 and 200,000 metric tons [3]

Price Movement - Cotton prices increased by 15 to 23 points on Tuesday morning, with futures mostly steady on Friday, showing a decrease of 4 to 5 points in the front months, while March futures were up 25 points for the week [1] - Crude oil futures rose by 11 cents per barrel, reaching $59.30, and the US dollar index increased by $0.063 to $99.195 [1] Market Positioning - The CFTC's Commitment of Traders report indicated that managed money increased their net short position in cotton futures and options by 2,600 contracts, totaling 50,372 contracts as of last Tuesday [1] Export Data - Cotton export commitments are reported at 6.937 million RB, which is 14% lower than the previous year, representing 60% of the USDA's export projection and significantly lagging behind the 79% average sales pace [2] - Actual cotton exports stand at 3.142 million RB, accounting for 27% of USDA's estimate, which is also behind the 32% average shipping pace [2] Auction and Pricing - The January 15 online auction from The Seam recorded sales at 59.12 cents per pound for 11,430 bales, while the Cotlook A Index remained unchanged at 75.05 cents [3] - ICE certified cotton stocks remained stable at 11,029 bales, and the Adjusted World Price was updated to 51.17 cents per pound, reflecting an increase of 20 points from the previous week [3] Futures Closing Prices - March 26 Cotton closed at 64.66 cents, down 5 points, but currently up 20 points - May 26 Cotton closed at 66.23 cents, down 4 points, currently up 23 points - July 26 Cotton closed at 67.65 cents, down 4 points, currently up 21 points [3]

Market Overview - Corn futures experienced fractional losses in the front months while other contracts saw fractional gains, with the national average Cash Corn price down by ¼ cent to $4.08 1/2 [1] Export Sales Data - For the week ending January 1, only 377,598 MT of corn were sold, falling short of the estimated range of 0.7-1.5 MMT for 2025/26, marking a marketing year low and a 15.1% decrease compared to the same week last year [2] - South Korea was the largest buyer, purchasing 139,000 MT, followed by Japan with 108,100 MT; sales for 2026/27 were recorded at 11,860 MT, within the expected range of 0-100,000 MT [2] Export Performance - Census data indicated a record export of 6.564 MMT (248.5 million bushels) of corn in October, which was a 5.93% decline from September but a 63.38% increase compared to October 2024 [3] - Distillers exports were nearly at last year's October record, totaling 1.067 MMT, while ethanol shipments reached a record pace of 185 million gallons for the month [3] USDA Report Expectations - The upcoming USDA's WASDE report is anticipated to show stocks at 1.985 billion bushels, reflecting a reduction of 44 million bushels if realized [4]

Group 1 - Cotton futures have increased by 15 to 25 points as of Wednesday, while crude oil futures rose by 15 cents per barrel to $58.52 [1] - The US dollar index has risen by $0.007 to $97.620 [1] - Cotton export commitments as of the week ending December 11 are at 6.183 million RB, which is 14% lower than last year and represents 54% of the USDA projection, lagging behind the 72% average sale pace [1] Group 2 - The CFTC's updated commitment of Traders report indicates an increase of 180 contracts in the managed money net short position in cotton futures and options, bringing the total net short to 54,833 contracts as of December 16 [2] - The online auction from The Seam on December 23 recorded sales of 24,874 bales at an average price of 59.80 cents per pound [3] - The Cotlook A Index decreased by 20 points to 73.50 cents on December 23, while ICE certified cotton stocks fell by 796 bales to a total of 11,600 bales [3] - The Adjusted World Price was updated to 49.99 cents per pound, reflecting a 40-point drop from the previous week [3] - March 26 cotton is priced at 64.18 cents, up 17 points; May 26 cotton is at 65.45 cents, up 25 points; July 26 cotton is at 66.51 cents, up 24 points [3]

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]