Cotton Mar 23 (CT=F)
| Pre. Settlement | N/A |
| Settlement Date | 2023-03-09 |
| Open | 84.86 |
| Bid | 82.99 |
| Last Price | 83.20 |
| Day's Range | 82.40 - 85.80 |
| Volume | |
| Ask | 83.04 |
- Reuters
Cotton set for worst day since October on dollar rebound
* "I don't see a whole lot that would move this market other than technical factors and the dollar," said Jon Marcus, president of Lakefront Futures and Options brokerage in Chicago, who saw 86.50 cents per lb as "a spot that's been troublesome for cotton." * "If the dollar breaks, that might give the buyers a little bit of courage in here but... cotton at 80 cents and above is a pretty good level historically."
- Reuters
Cotton slides on USDA's one-two punch from low demand, high U.S. crop view
Cotton contracts for December fell 1.5 cent, or 1.7%, to 86.18 cents per lb at 1310 ET (1810 GMT) having shed as much as 4% at 84.19 cents a lb after USDA's monthly World Agricultural and Supply Demand Estimates (WASDE) report. "All in all, this report is trying to show the current reality of the market, both on the supply and the demand side, with the latter being the one that could come back at any point, unlike production," said Valentin Olah, cotton risk management consultant at StoneX Group. The USDA report saw U.S. ending stocks 200,000 bales higher at 3 million bales, which Olah said was surprising and "softens a bit the tightness of ending stocks, for now."
- Reuters
Torrential floods in West Africa hurt food security
Souloukna Mourga plodded through his flooded millet and cotton field in northern Cameroon and uprooted soggy stems that had a few bolls on them. All six hectares of mostly dead crops were under water. The 50-year-old father of 12 is one of an estimated 4 million people, many of them small subsistence farmers, in over a dozen countries in West and Central Africa that have seen their crops decimated by unusually heavy flooding.
