DTN Morning Cotton Commentary          12/23 06:31

   Cotton Trades Slightly Higher Tuesday

   The cotton market is slightly higher Tuesday morning, albeit on low volume.

Keith Brown
DTN Contributing Cotton Analyst

   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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