Cotton Market Performance: Analysis and Insights

Monday, 25 March 2024, 18:57
In the latest update on the cotton market, old crop cotton futures are showing mixed midday trading, with nearby new crop futures slightly down. Analysts are anticipating the upcoming Planting Intentions report for further market direction, with expectations ranging between 10.4m and 11.3m acres. Amidst the fluctuations, market participants are closely monitoring the volatility in cotton prices for potential trading opportunities.

Cotton Market Update

In the latest developments, old crop cotton futures are trading 51 to 68 points in the black, while nearby new crop futures have seen a slight decline of 30 points off their lows. Despite the week starting with a downturn of 3 to 20 points, market analysts remain optimistic about the upcoming Planting Intentions report.

Market Analysis

  • Old crop cotton futures up 51 to 68 points
  • New crop futures down 30 points but show resilience
  • Anticipation for the upcoming Planting Intentions report
  • Market volatility offers trading opportunities

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.

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