Cotton futures fell slightly to below 70 cents per pound, amid profit booking after a recent rally and tracking weakness in the grain market. Falling crude oil prices, driven by hopes for a swift resolution to the Iran war, improved the affordability of polyester, reducing demand for cotton. Meanwhile, the USDA’s prospective planting report, released on March 31, indicated US farmers are expected to plant more cotton in 2026, with acreage projected to rise 4% to 9.64 million acres from 9.28 million acres last year. Investors were monitoring US weather, particularly Texas rainfall, and overall planting progress while awaiting further clarity on the crop outlook. In the meantime, StoneX kept its 2025/26 Brazilian cotton production forecast at 3.74 million tons, but raised expected exports for 2026 to 3.1 million tons.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان