While export sales of U.S. cotton are slightly improved, demand continues to lag USDA estimates. More importantly, there is little to no evidence of any improvement in demand during the coming six months. Thus, December futures will likely trade in the 67-72 cent area through January-February 2025.

The U.S. Cotton Trust Protocol, a leading program for responsibly grown cotton, has released its 2023/24 Annual Report, showcasing record grower participation and notable strides in environmental stewardship.

The report highlights the program’s progress in driving transparency and continuous improvement across the cotton supply chain, even amidst a challenging economic climate for growers.

Cotton muddled through the week, spending most of its time near its heretofore support level at 71 cents. It appears that the market will try again to break that support and visit the very high 60s before making a run back to the 74-cent level. Thus, the narrow four cent trading range between 70.50 and 74.50 continues to be the most respected trading range.

The National Cotton Council and its cooperating partners welcome all to the 2025 Beltwide Cotton Conferences January 14 through 16 (Tuesday- Thursday) at the New Orleans Marriott, New Orleans, LA. Three days of individual reports, panel discussions, hands on workshops and seminars are designed to provide attendees with information they need to help producers make key cotton production/marketing-related decisions.

For Don Molino, serving as this year’s King Cotton is a great honor.

He said, “When you look at people who have been King Cotton in the past, I’m in pretty dadgum good company. It’s something I didn’t expect. It came out of the blue. This is great.”

We keep trying to push the market higher, but economic conditions continue to fight that effort. Despite that, the market did spend most of its time trading at the upper end of the price range established back in June. Thus, the bulls cannot really complain, despite not getting any momentum from the hurricane.

Some say just two, but USDA has now given the market three consecutive bullish supply demand reports. Both world and U.S. stocks have come down to very manageable levels. New York is some six cents off its lows and has now ventured into the expected 72-75 cent trading range.

Yet, this market has bears lurking around every corner.

AMVAC®, an American Vanguard® Company, is excited to announce the selection of seven recipients of its 2024 Southern Agriculture Industry Advancement Scholarship, formerly known as the Cotton Industry Advancement Scholarship.