Cotton Idles in Neutral

The cotton market is fractionally below the even line Tuesday morning, as traders are assessing the pause in the Iranian conflict. Supposedly there are backdoor talks occurring between the U.S. and Iran, and thus the White House has ordered somewhat of a stand-down, at least till this weekend.

Thursday USDA will update its weekly export sales data. Last week’s business saw combined seasonal sales of 320,000 bales with shipments at 273,000, off 26% weekly. 

USDA will issue its Planting Intentions Report on March 31. This will be the first official look at 2026 acres. The survey will be released at noon EDT.

Chart support for July cotton stands at 68.50 cents and 68.00 cents, with resistance around 70.00 cents and 70.55 cents. Tuesday morning’s estimated volume is 12,789 contracts.

Keith Brown can be reached at commodityconsults@gmail.com or by calling (229) 890-7780.