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DTN Closing Cotton 07/08 13:34
Cotton Moves Lower Tuesday
The cotton market continued on its path of least resistance Tuesday, which
is down.
Keith Brown
DTN Contributing Cotton Analyst
The cotton market continued on its path of least resistance Tuesday, which
is down. The market is being hammered by a strong U.S. dollar, declining
Chicago grains, no discernable trade deal with China, and conducive growing
conditions.
Spot July cotton will expire on Wednesday on the close of trading. Thus far
there have been a total of 226 notices tendered.
In a press conference Tuesday, U.S. Agriculture Secretary Brooke Rollins
said there will be "no amnesty" for agricultural workers. She emphasized the
Trump administration's determination to deport all illegal immigrants. Rollins
also said USDA will curb farmland purchases by "foreign adversaries," including
China.
This Thursday at 8:30 a.m. EDT, USDA will release its weekly export sales
data. Last week's business showed sales for the expiring old-crop season were
23,700, while sales for the new crop were 106,000. Weekly shipments were
255,800 bales, up 39%.
On Friday, USDA will update its supply-demand tables via the July WASDE. The
agency will employ the numbers from its planted acres report for its latest
balance sheet. The report will be out at noon.
Today, December 2025 closed at 67.38 cents, minus 51 points; while March
2026 settled at 68.75 cents, off 51 points. Tuesday's estimated volume was
31,865 contracts.
Keith Brown can be reached at commodityconsults@gmail.com
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