Cotton Trades Slightly Higher Tuesday
The cotton market is slightly higher Tuesday morning, albeit on low volume.
The cotton market is slightly higher Tuesday morning, albeit on low volume. Traders are less motivated to do anything ahead of the long Christmas holiday break.
For the aforementioned Christmas holidays, the market will close early on Christmas Eve, then all of Christmas Day, and have a shortened session on Friday. In addition, President Trump has ordered that all executive departments and agencies of the U.S. federal government will be closed on Wednesday, Dec. 24, 2025, and Friday, December 26, 2025. Consequently, USDA will be closed on December 24, 25, and 26, and of course, the weekend.
Supposedly, the next catch-up export report for the week ended Dec. 11 will be released Wednesday, and the report for the week ended Dec. 18 will be released on Dec. 31.
Overnight, the precious metals continue to part all-time highs over the heightened geo-political concerns between the U.S. and Venezuela, as well as a possible renewal of hostilities between Israel and Iran. Such “flight-to-quality” activity is weakening the U.S. dollar and may be stoking some buying strength into the Commodities Complex.
Daily chart support for March cotton stands at 63.25 cents and 62.75 cents, with resistance hovering about 64.10 cents and 64.65 cents. Tuesday morning’s estimated opening volume is 3,276 contracts.
Keith Brown
Independent Analyst
Keith Brown can be reached at commodityconsults@gmail.com or by calling (229) 890-7780.
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