Cotton Climbs While Futures Dip: What China's Big Harvest Means for Your Wallet
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Cotton Climbs While Futures Dip: What China's Big Harvest Means for Your Wallet
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This is your Daily Cotton Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cotton Price Tracker with Vanessa Clark. Im your host Vanessa, chatting with you like were grabbing coffee together about the freshest cotton market news and that all-important current trading price.
Today, lets dive right into the numbers. According to SunSirs, the benchmark price for raw cotton in China hit 15,773 RMB per ton as of January 14th, up 1.44 percent from the start of the month. Thats a nice little bump, even as futures dipped slightly with the main contract closing at 14,625 RMB per ton. Over in the US, March futures are hovering steady just under 65 cents per pound, holding firm after the latest USDA WASDE report. Nasdaq reports cotton prices pushed higher this morning, up 19 to 25 points in early front-month trading before settling into a steady pattern.
Big headlines this week: Chinas cotton production forecast for 2025/26 jumped 7.7 percent to 6.64 million tons, thanks to more planted area and better yields, per SunSirs. That boosts supply and could ease prices long-term, but ending stocks are down to 8.29 million tons. Meanwhile, the USDA slashed US production to 13.9 million bales, down 2 percent from last forecast, with yields at 856 pounds per acre amid lower output in states like Georgia and Alabama. Global mill use is ticking up slightly, but ample stocks keep things balanced.
What does this mean for you? If youre a grower, watch those relative prices versus corn and soy, as theyre influencing planting plans. Traders, consider SunSirs benchmark for spot deals, adding your markup for smart contracts. Retail folks, stable US prices around 61 cents per pound projected for the year suggest steady apparel costs ahead, despite tariff talks.
Stay tuned to these trends, and maybe lock in some forward sales if prices wobble. Thanks for joining me on Daily Cotton Price Tracker. Hit subscribe, share with your crew, and tune in next time for more cotton updates. Talk soon!
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