DTN Closing Cotton            09/15 13:40

   Cotton Market Non-Existent Monday

   With hardly a 50-point daily trading range, the cotton market was seemingly 
non-existent today.

Keith Brown
DTN Contributing Cotton Analyst

   With hardly a 50-point daily trading range, the cotton market was seemingly 
non-existent today. Traders are awaiting market-moving news, whether it is from 
exports, trade negotiations, or interest rate reductions -- just something.

   This afternoon at 4 p.m. EDT, USDA will update the condition of the 2025 
crop. For many weeks, the crop has been graded at 50%-plus good to excellent. 
With early harvesting efforts underway, there is little incentive for traders 
to buy the markets, thus prices remain in decisive downtrend.

   The Federal Reserve will meet Tuesday and announce on Wednesday its latest 
position on U.S. interest rates. Odds are calling for a quarter-point cut, but 
some could see a half-point reduction.

   Top U.S. and Chinese officials met for a second day to discuss tariff rates. 
On social media, President Trump said the meeting between officials had been 
positive and that a deal "was also reached on a 'certain' company". In 
addition, the groundwork for a Trump-Xi meeting is being laid.

   The U.S. Drought Monitor showed 32% of the U.S. cotton production area was 
experiencing drought conditions. That number is up from 30% last week. We also 
note that South Georgia has not seen measurable rainfall for 16 days.

   For Monday, December 2025 ended at 66.84 cents, up 1 point; while March 2026 
settled at 68.75 cents, unchanged. Monday's estimated volume was 21,176 
contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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