Couverture de Cotton Rally Hits Four-Week Peak as Global Stocks Tighten and Export Sales Soar

Cotton Rally Hits Four-Week Peak as Global Stocks Tighten and Export Sales Soar

Cotton Rally Hits Four-Week Peak as Global Stocks Tighten and Export Sales Soar

Écouter gratuitement

Voir les détails

À propos de ce contenu audio

 https://www.instagram.com/vanessaclarkipai

This is your Daily Cotton Price Tracker with Vanessa Clark podcast.

Hey friends, welcome to another episode of Daily Cotton Price Tracker with Vanessa Clark. I'm Vanessa, your go-to guide for all things cotton, and today we're diving into the freshest updates on cotton prices, market moves, and what it means for you.

Right now, cotton is rallying strong. Trading Economics reports cotton hit 64.56 cents per pound today, up about 0.67 percent from yesterday and marking a four-week high, the best since early January. Barchart notes prices are pushing even higher at midday, up 98 to 150 points across contracts. The May 26 contract settled at 64.14 cents per pound after gains of 38 points on Thursday, per Nasdaq and Fibre2Fashion, fueled by a crude oil rally and stronger soybeans making polyester less competitive.

Big news from the USDA Ag Outlook Forum: global cotton production for 2026-27 is forecast to drop three percent to 116 million bales, while consumption climbs to 120.1 million bales, tightening stocks and propping up prices. US planting is pegged at 9.4 million acres with 13.65 million bales produced. Export sales hit a marketing year high last week at 466,253 bales, led by Vietnam and Bangladesh, according to the USDA report via Brownfield Ag News.

Brazil's cotton harvest smashed records at 4.26 million tons last cycle, but they're eyeing a nine percent dip next year. If you're a farmer, watch those planting intentions data end of March. Traders, this supply crunch could mean more upside, but keep an eye on dollar strength and China resuming futures trading post-holiday.

Actionable tip: If you're buying cotton goods or investing, snag deals now before stocks tighten further. Stay ahead by tracking ICE futures daily.

Thanks for joining me, pals. Subscribe, rate us, and tune in tomorrow for more cotton insights. Talk soon!

For more http://www.quietplease.ai

Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r

This content was created in partnership and with the help of Artificial Intelligence AI
Les membres Amazon Prime bénéficient automatiquement de 2 livres audio offerts chez Audible.

Vous êtes membre Amazon Prime ?

Bénéficiez automatiquement de 2 livres audio offerts.
Bonne écoute !
    Aucun commentaire pour le moment