Market Movement from 17th Feb 2025 to 22nd Feb 2025.
• The NY March futures closed in the red. Despite strong export sales and shipments, the market did not react positively. A technical selloff occurred due to higher on-call purchases, leading NY March to end the week with a loss of 108 points week-over-week.
Cotton prices saw a slight bounce before pulling back, driven by a mix of market pressure and external factors. Despite strong export sales, the outlook remains uncertain, with rising concerns over tariffs and global economic stability. With key economic reports and a government funding deadline ahead, will market volatility continue? Get QuickTake’s read on the week’s events in five minutes.
Short Squeeze and New Trading Range On Tap for Cotton?
The best news is that a few are now predicting that the old crop March, May, and July futures contracts look to have a trading range between 67 and 75 cents. Let’s hope they are correct.
Market Movement from 10th Feb 2025 to 15th Feb 2025.
• This week's main event was the WASDE report, which turned out to be fairly neutral. Export and shipment data were decent, while the U.S. tariff announcement also made headlines. Overall, the market appears to have found a bottom around the 66 cents level. By the end of the week, the market closed in the green, with NY March gaining 148 points week-over-week.
The cotton market saw a slight bounce as traders exited March positions and tariff news continuing to drive volatility across all markets. Have cotton prices found a floor, or will the approaching March First Notice Day bring more volatility as the focus shifts to the May contract? Get QuickTake’s read on the week’s events in five minutes.