DTN Closing Cotton Commentary

DTN Closing Cotton Commentary

The cotton market managed a slightly higher close today amid some short-covering and a weaker U.S. dollar. Tuesday, the market posted a new contract low close, which obviously led to an increased oversold condition.

Due to the Labor Day observance, this week’s export sales have been pushed back to Friday. The numbers will be out at 8:30 a.m. EDT.

Also on Friday, the Labor Department will issue its jobs data for August. Non-farm payrolls are expected to see a gain of 75,000 jobs, after last month’s controversial 73,000 job gain. The unemployment rate is expected to be 4.3%.

Crude oil was lower today ahead of this weekend’s OPEC meeting. Traders are expecting the cartel to possibly increase their production targets for October.

The 6- to 10-day weather outlook (Sept 8-12) has much of the U.S. Cotton Belt with near-normal to slightly above-normal temperatures. Rain-wise, the Southeast looks to have above-normal chances, while the Delta and Texas should have slightly above-normal chances.

For Wednesday, December 2025 ended at 66.05 cents, down 49 points; while March 2026 settled at 67.91 cents, off 53 points. Wednesday’s estimated volume was 21,440 contracts.

Keith Brown can be reached at commodityconsults@gmail.com