DTN Morning Cotton Commentary          06/17 06:34

   Cotton Up Sharply on Cyclone One 

   The first weather event of the 2026 Hurricane Season is unfolding along the 
Texas coastline. 

Keith Brown
DTN Contributing Cotton Analyst

   The first weather event of the 2026 Hurricane Season is unfolding along the 
Texas coastline. What is tagged as Cyclone One is projected to strengthen and 
make landfall likely into Louisiana. Then, it is expected to sprint across the 
Delta and the Southeast. The event will bring copious amounts of precipitation 
to those areas. 

   The Federal Reserve met Tuesday and will announce its take on U.S. interest 
rates Wednesday. Under its new chairmanship, the central bank is not expected 
to take any action.

   Crude oil is higher Wednesday morning amid comments President Trump made at 
the  G7 conference in France. Essentially, he said the U.S. will "go right back 
to dropping bombs" if he doesn't like the Iran deal. He also said the proposed 
agreement to bring the Middle East conflict to an end, which is set to be 
formalized at a signing ceremony in Geneva on Friday, is not final.

   On Thursday, USDA will issue fresh export sales numbers. Last week saw net 
combined seasonal sales of 505,000 plus bales. Shipments exceeded 300,000 
bales, up 12% weekly. 

   The market will be closed Friday for the Juneteenth observance. The ICE 
futures will reopen the following Sunday night at 9 p.m. EDT, but likely 
certain reports  will be pushed back a day.

   Chart support for December cotton stands at 77.60 cents and 77.70 cents, 
with resistance around 79.25 cents and 80.00 cents. Wednesday morning's 
estimated volume is 11,454 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com or by calling 
(229) 890-7780.




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