DTN Morning Cotton Commentary          10/13 06:23

   Trump Reassures Markets 

   The cotton market is somewhat higher Monday, along with other surging 
financial and commodities markets. 

Keith Brown
DTN Contributing Cotton Analyst

   The cotton market is somewhat higher Monday, along with other surging 
financial and commodities markets. Friday, the markets were roiled by comments 
from President Trump saying he would pursue 100% tariffs on China. Those 
comments melted the markets and sent cotton to new lows. However, this weekend, 
when departing for the Middle East, he assured the markets that "everything 
will work out with China." 

   The U.S. government remains in shutdown, entering two weeks of closure. 
Thus, there will be no USDA reports in the foreseeable future. 

   The 2025  harvest continues pretty much in full stride. Soon, the 2025 crop 
will exceed the 50% gathered mark.

   The 6- to 10-day forecast calls for above to much-above temperatures for the 
U.S. Cotton Belt. Rain-wise, Texas appears to have normal chances, the U.S. 
Delta will see above-normal opportunities, while the Southeast is expecting 
slightly above-normal chances.

   The U.S. Drought Monitor is now pegging the 2025 cotton crop at 61% drought 
conditions.

   Daily chart support for December cotton stands at 63.50 cents and 63.00 
cents, with resistance at 64.50 cents and 65.00 cents. Monday morning's 
estimated volume is 5,345 contracts.

   Keith Brown can be reached at commodityconsults@gmail.comor by calling (229) 
890-7780.




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