DTN Morning Cotton Commentary          04/10 07:09

   Cotton Shoots For Strong Week 

   New-crop December is attempting to post one of its most bullish weeks in 
many months. 

Keith Brown
DTN Contributing Cotton Analyst

   New-crop December is attempting to post one of its most bullish weeks in 
many months. As it stands, the market is up some 200 points on the week, with 
Friday's session yet to trade. Geopolitical events, weather concerns, and a 
shifting speculative position are factors helping drive prices higher.

   The Climate Prediction Center is now showing 95% of U.S. cotton area is 
suffering from some form of drought. While Texas has a chance of some weekend 
rain, the Southeast remains dormant and dry.

   Friday, traders will see a fresh readout of consumer prices via the April 
CPI. Despite the ceasefire, increased fuel prices will likely be slow to 
recede. Thus, inflation may see a bump in its numbers for the next few months. 
The report is out at 8:30 a.m. EDT.

   Also Friday, the CFTC will update its Commitments of Traders data. Last week 
saw managed-money funds had net bought some 21,000 positions, reducing their 
net-short carry to some 12,000 contracts.

   Chart support for July cotton stands at 73.60 cents and 73.00 cents, with 
resistance around 76.00 cents and 76.50 cents. Friday morning's estimated 
volume is 31,722 contracts.

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




(c) Copyright 2026 DTN, LLC. All rights reserved.