Cotton futures posted 35 to 42 point gains across most contracts on Tuesday, with March unchanged on thin trade. Crude oil futures were down 18 cents per barrel on the day at $66.13. The US dollar index was up $0.194 at $97.835. The Seam showed sales of 6,714 bales sold on 2/23, averaging 58.60 cents/lb. The Cotlook A Index was up 160 points on Friday at 75.75 cents. ICE certified cotton stocks were steady on February 23, with the certified stocks level at 119,457 bales. The Adjusted World Price was up 66 ...

Cotton futures are showing 50 to 65 point gains across most contracts on Tuesday, with March down 41 points on thin trade. Crude oil futures are down 52 cents per barrel on the day at $65.81. The US dollar index is up $0.069 at $97.710. The Seam showed sales of 6,714 bales sold on 2/23, averaging 58.60 cents/lb. The Cotlook A Index was up 160 points on Friday at 75.75 cents. ICE certified cotton stocks were steady on February 23, with the certified stocks level at 119,457 bales. The Adjusted World Price w ...

Cotton futures posted a rally or 110 to 150 points across most contracts on Friday, as March closed out the week with a 92 point gain. Crude oil futures was down 4 cents per barrel on the day at $66.36. The US dollar index was down $0.170 to $97.685. USDA’s Export Sales report from this morning showed 466,253 RB of cotton sold in the week of 2/12. That was a marketing year high and the larges sale for a single week since June 2023. Vietnam was the largest buyer of 144,800 RB, with 126,400 RB to Bangladesh ...

Cotton futures are trading with gains of 10 to 23 points so far on Thursday. Crude oil futures are up $1.39 per barrel on the day at $66.64. The US dollar index is up $0.199 to $97.820. USDA’s Ag Outlook Forum showed the office of the Chief Economist’s initial balance sheet this morning, with cotton acreage pegged at 9.4 million acres to be planted this spring. Production is seen at 13.650 million bales. More News from Barchart The Seam showed sales of 16,513 bales sold on 2/18, averaging 58.85 cents/l ...

Cotton futures closed the Wednesday session with contracts 3 to 12 points higher. Crude oil futures were up $2.74 per barrel on the day at $65.07. The US dollar index was up $0.570 to $97.630. USDA’s Ag Outlook Forum will release initial balance sheet estimates on Thursday, with a Bloomberg survey of analysts looking for 9.2 million acres of cotton to be planted this spring, down 9.3 million acres last year. Production is seen down 430,000 bales to 13.49 million bales. More News from Barchart The Seam ...

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Cotton futures are back to higher trade on Wednesday, as contracts are up 16 to 28 points at midday. Crude oil futures are up $2.80 per barrel on the day at $65.13. The US dollar index is up $0.425 to $97.485. USDA’s Ag Outlook Forum will release initial balance sheet estimates on Thursday, with a Bloomberg survey of analysts looking for 9.2 million acres of cotton to be planted this spring, down 9.3 million acres last year. Production is seen down 430,000 bales to 13.49 million bales. More News from Ba ...

Market Overview - Stocks showed a mixed performance with the Dow Jones Industrial Average up by about 18 basis points, NASDAQ Composite increasing by approximately 0.33%, and S&P 500 rising by 0.3% [2][4] - The Russell 2000 index also climbed into positive territory, reflecting a broader market recovery [3] - The bond market remained stable, with the 30-year T-bond yield down to 4.69% and the 10-year yield around 4.06% [3] Sector Performance - Financials led the large-cap sectors, with notable gains from JP Morgan (up 1.5%), Goldman Sachs, and American Express [4][8] - The technology sector saw mixed results, with Nvidia up nearly 2% and Apple rebounding by 3.76%, while Tesla and other mega-cap tech stocks faced declines [5][6] - Defensive sectors like staples, energy, and materials experienced losses of over 1% [4] Investment Sentiment - Investor sentiment is characterized as cautious, with a significant sector rotation observed from software to hardware and safer areas like materials and energy [10][11] - Small and mid-cap stocks are expected to show greater earnings growth compared to large caps, driven by AI infrastructure and other growth areas [18] BHP Financial Results - BHP reported a 22% increase in first-half profit, with copper now accounting for over 50% of its core earnings, indicating a strategic pivot towards copper production [33][34] - The company plans to increase copper production guidance for this year and next, capitalizing on strong copper prices [36] - BHP's operational performance remains robust, with record production and shipment in iron ore alongside copper growth [36][45] Copper Market Dynamics - The demand for copper is expected to grow significantly, driven by energy transition and digitization, with projections of a 70% increase over the next 25 years [38] - Supply challenges are anticipated due to lower grades and the complexity of new projects, enhancing the demand-supply dynamics for copper [39] Gold and Byproducts - BHP's copper deposits also yield significant byproducts, including gold, which contributed around $2 billion to earnings in the last half [41] - The company is actively seeking to unlock additional value from its portfolio, including a recent $4.3 billion silver stream agreement [42] Iron Ore Negotiations - BHP is engaged in tough negotiations with China's state-owned iron ore buyer but has managed to maintain strong production and price realization [45]

Group 1 - Cotton futures have decreased by 30 to 50 points across most front months on Tuesday [1] - Crude oil futures have fallen by 70 cents per barrel, currently priced at $62.19 [1] - The US dollar index has declined by $0.371 to a level of $97.190 [1] Group 2 - CFTC data indicates an increase of 3,856 contracts in the spec net short position for the week ending on February 10 [1] - Managed money holds a net short position of 75,602 contracts as of Tuesday [1] Group 3 - The Seam reported sales of 4,895 bales on February 13, with an average price of 56.79 cents per pound [2] - The Cotlook A Index remained steady at 73.85 cents on Monday [2] - ICE certified cotton stocks increased by 3,974 bales on February 13, reaching a total of 110,014 bales [2] - The Adjusted World Price has been reduced to 49.39 cents per pound, down 39 points from the previous week [2] Group 4 - March 26 Cotton is priced at 61.61 cents, down 50 points [2] - May 26 Cotton is priced at 63.75 cents, down 38 points [2] - July 26 Cotton is priced at 65.48 cents, down 34 points [2]

Price Movement - Cotton prices decreased by 17 to 36 points on Tuesday morning, following a loss of 15 to 20 points on Friday, although March futures gained 105 points over the week [1] - Crude oil futures fell by 3 cents per barrel to $62.81, while the US dollar index decreased by $0.067 to $96.770 [1] Export Commitments - USDA's Export Sales data reported 8.034 million running bales (RB) of cotton export commitments, which is 12% lower than the previous year and represents 71% of USDA's revised export projection, down from an 88% average pace [1] Market Positioning - CFTC data indicated an increase of 3,856 contracts in the spec net short position for the week ending on February 10, with managed money holding a net short position of 75,602 contracts as of Tuesday [2] Sales and Pricing - The Seam reported sales of 15,617 bales on February 12, averaging 57.90 cents per pound, while the Cotlook A Index rose by 25 points to 73.55 cents [3] - ICE certified cotton stocks increased by 3,808 bales to a total of 106,040 bales, and the Adjusted World Price was reduced to 49.39 cents per pound, down 39 points from the previous week [3] Futures Closing Prices - March 26 Cotton closed at 62.11 cents, down 18 points; May 26 Cotton closed at 64.13 cents, down 20 points; July 26 Cotton closed at 65.82 cents, down 16 points [3]