Market Movement from 13th Jan 2025 to 18th Jan 2025.
• During the week, the NY future market experienced a very narrow trading range. The main bearish factors were a strong dollar, sluggish demand, and a bearish WASDE report. However, decent export sales provided some support to the market. Ultimately, the NY March futures ended the week within a narrow range, gaining 59 points week-over-week.
Cotton continues to be hit hard by speculative funds as USDA supply demand estimates heap more bearish fundamentals on the market – even more than I expected (and even the casual reader of this column knows I have been very bearish). I have hoped week after week to find some positive market news. Everything has a beginning, just as it has an end.
Cotton prices remain under pressure following a bearish USDA supply and demand report. Recent inflation trends also impacted the market. As we look toward next week’s presidential inauguration, one question remains: What impact will these shifting factors have on the broader economy and market trends? Get QuickTake’s read on the week’s events in five minutes.
The cotton market remained quiet ahead of Friday’s WASDE report, which delivered a bearish outlook with increased U.S. production and higher ending stocks. Outside factors shaped broader market sentiment, including strong economic data, an averted port strike, and a robust U.S. dollar. Have cotton prices found a floor, or will the continued demand weakness keep prices trending downward? Get QuickTake’s read on the week’s events in five minutes.
Market Movement from 06th Jan 2025 to 11th Jan 2025.
• During the week, the New York futures saw some gains. However, following a bearish WASDE report, all gains were relinquished, resulting in a loss of 65 points week-over-week in the NY March contract.