DTN Closing Cotton            10/15 13:34

   Cotton Goes Upward

   After being pounded for days on end, the cotton market found a way to trade 
higher today. 

Keith Brown
DTN Contributing Cotton Analyst

   After being pounded for days on end, the cotton market found a way to trade 
higher today. No doubt there was an element of short-covering by certain 
speculators and bottom-picking buying by others. The market still lacks any 
sort of government news as the shutdown posted its 15th day today.

   Agriculture Secretary Brooke Rollins has recently stated that the Trump 
administration was ready to roll-out its "significant support program" once the 
ongoing government shutdown ends.

   On Tuesday, Federal Reserve Chair Jerome Powell left open the possibility of 
several year-end interest rate reductions. Currently, the central bank seems to 
be focusing on the jobs market and not so much the pace of inflation.

   The 6- to 10-day weather outlook (Oct. 20-24) calls for above-normal 
temperatures for Texas, as well for the Southeast and the Delta. Rain-wise, 
Texas looks to have slightly above normal chances, as does the Delta and 
Southeast.

   The technical trend for December cotton is decidedly and decisively lower. 
Another negative note that relates to its oversold condition is that cotton's 
open interest is climbing as prices fall, which supposedly shows momentum flows 
with the sellers.

   For Wednesday, December 2025 ended at 63.76 cents, up 25 points, while March 
2026 halted at 65.35 cents, plus 26 points. Wednesday's estimated volume was 
47,3230 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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