Cotton Market: Harvest Progress, Prices, and Global Factors

Cotton market mixed as harvest nears! Despite a weaker start, some contracts closed higher, influenced by slight dips in the dollar and a bump in crude oil. Crop condition ratings are down, with 52% in good to excellent condition, raising quality concerns. The Seam saw modest sales, while the Cotlook A Index remained stable. USDA's adjusted world price dipped, potentially boosting exports but squeezing farmer profits. All eyes are on harvest progress, weather, and global market shifts for the next big price swing. Hosted on Acast. See acast.com/privacy for more information.