DTN Closing Cotton            07/01 13:33

   Cotton Ends Flat

   Despite the bearish acres numbers of Monday, some traders were expecting 
some sort of Tuesday recovery.

Keith Brown
DTN Contributing Cotton Analyst

   Despite the bearish acres numbers of Monday, some traders were expecting 
some sort of Tuesday recovery. However, the "numbers drag" of USDA's report, 
plus the approaching three-day holiday weekend, likely discouraged most traders 
from buying.

   On Thursday, USDA will issue its weekly export sales data. Last week's 
business showed sales for the expiring old crop season were 27,300, while sales 
for new crop were only 64,700 bales. Weekly shipments were 184,000 bales, down 
10%.

   Also on Thursday, the Labor Department will release its monthly jobs report. 
Current estimates for non-farm payrolls are 120,000 versus the previous 139,000 
jobs.

   July cotton is in delivery period, but there were zero notices tendered 
today. Thus far, there have been a total of 225 notices tendered. The period 
ends on July 9.

   The 6-to-10-day weather outlook (July 6-10) shows West Texas with normal to 
slightly below-normal temperatures, while the Delta and the Southeast look to 
have much-above normal readings. Rain-wise, most of the U.S. Cotton Belt looks 
to have normal to slightly-above normal opportunities, but especially so in the 
Delta and the Southeast.

   The cotton market will be closed on Friday, July 4, in observance of 
Independence Day. The ICE futures will reopen at 8 a.m. EDT on Monday.

   For Tuesday, December 2025 finished at 68.03 cents, minus 10 points; while 
March 2026 closed at 69.31 cents, off 15 points. Tuesday's estimated volume was 
37,864 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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