| |
DTN Closing Cotton 08/10 13:35
Cotton Preps for August WASDE Report
The cotton market posted new highs for this particular run before some
traders booked profits, while others squared certain positions ahead of
Wednesday's WASDE report.
Keith Brown
DTN Contributing Cotton Analyst
The cotton market posted new highs for this particular run before some
traders booked profits, while others squared certain positions ahead of
Wednesday's WASDE report. In addition, the market kept eyes on WTI crude and
the U.S. dollar for any meaningful price influences.
Monday at 4 p.m. EDT, USDA will send out its latest condition numbers on the
2026 crop. Last week, the combined top 15 producing states were rated 42% good
to excellent versus the prior reading of 46%.
This Wednesday, Aug. 12, at noon EDT, USDA will update its supply-demand
tables via its August WASDE. Last issuance revealed an increase in the U.S.
crop from 13.30 million bales to 13.70 million bales. Ending stocks also jumped
from 3.70 million bales to 4.10 million bales.
On Thursday, USDA will issue fresh export sales numbers. Last week's data
saw the final 2025 sales number of 55,600 -- a marketing-year-low. Net sales
for 2026 were 242,000 bales sold, with 228,000 bales shipped, off 5% weekly.
For Monday, December closed at 83.86 cents, down 54 points; March 2027
finished at 85.72 cents, minus 46 points; and July 2027 settled at 86.54 cents,
37 points lower. Monday's estimated volume was 46,069 contracts.
Keith Brown can be reached at commodityconsults@gmail.com
(c) Copyright 2026 DTN, LLC. All rights reserved.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
|
|
