DTN Closing Cotton            10/16 13:32

   Cotton Slumbers the Session

   Lacking any sort of positive news, the cotton market posted a high/low range 
of less than 100 points.

Keith Brown
DTN Contributing Cotton Analyst

   Lacking any sort of positive news, the cotton market posted a high/low range 
of less than 100 points. Of course, with the U.S. government shutdown, there 
has been no information flow from USDA.

   The latest U.S. Drought Monitor report revealed that approximately 62% of 
U.S. production was in an area experiencing drought, which is down from the 
previous reading of 63%. However, its levels are from 41% on Sept. 16 and 5% on 
Aug. 12. Most of the drought conditions are in the northern Delta and much of 
the Southeast, from Georgia to North Carolina.

   The U.S. Dollar posted its third consecutive losing session today. Concerns 
over U.S./China tensions and dovish remarks from Federal Reserve officials are 
influencing negative sentiment. Analysts say the Fed will likely lower rates in 
the coming months as it ends its quantitative tightening program.

   For Thursday, December 2025 ended at 63.76 cents, up 25 points, while March 
2026 halted at 65.35 cents, plus 26 points. Thursday's estimated volume was 
32,565 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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