Market Movement from 24th Mar 2025 to 29th Mar 2025.
• NY futures experienced a relief rally driven by strong shipments and short covering. As a result, NY may close the week with a gain of 163 points week-over-week.
Cotton prices rose this week but remained within a tight trading range. Export shipments remained strong, yet mill demand stayed soft. The technical trends outlook remains weak. However, with a major USDA report set for release next week regarding the 2025 crop year, will it help drive a positive shift in next year’s prices, or will challenges persist? Get QuickTake’s read on the week’s events in five minutes.
Market Watches Mother Nature as Cotton Planting Begins
Time moves on, but old crop cotton prices remain mired in the doldrums of a flat market and will continue to be stuck in those same doldrums for another 8-10 weeks.
Market Movement from 17th Mar 2025 to 22nd Mar 2025.
• NY futures are melting again due to macroeconomic concerns. Despite strong export shipments, the market has largely ignored this factor. Additionally, cancellations from China have added further pressure. As a result, NY May futures close with a significant weekly loss of 210 points.
There are no changes to this month’s 2024/25 U.S. cotton balance sheet. The 2024/25 season average upland farm price projection is reduced to 63 cents per pound.