Cotton Market Experiences Significant Weakness, Reflecting Export Demand Challenges

Thursday, 4 April 2024, 19:34

The cotton market faced a significant decline with triple-digit losses in old crop futures and red trading in new crop futures, despite positive export demand reports. This weakness comes amidst a session high increase of 30 points, while Feb cotton shipments data from Census further adds to the market challenges.

Cotton Market Weakness

Despite the solid export demand reported on Thursday, cotton continues to back off through Thursday with old crop down by triple digits and new crop trading at 40 to 55 points in the red.

Futures were up by 30 points at the session high. Census data showed Feb cotton shipments were...

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.