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 [email protected]




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