Market Report
29 Mar 2026
Cleveland on Cotton 23-Mar-2026
*Cotton’s Bulls Pause for a Rest*
Cotton’s three-week rally gave us the 68 cents suggested last week, and then some. Yet, the market has now posted three consecutive down days. That should not be viewed as evidence that the rally is over. To the contrary, the same factors that sent prices higher are still in the market. Prices remain above all moving averages except the 200-day, which fell slightly below on today’s close. The rally is pausing, and longtime readers know that the return of any positive demand news was most welcomed.
Yet improvement in demand will likely be limited, as the pause in increasing prices suggests. Thus, the nearby contract sees 69.20 cents as a major barrier. The May contract stalled above 68 cents, but then, very few ever thought prices could get above 67 cents.
*Read Full Report in PDF*
Cotton’s three-week rally gave us the 68 cents suggested last week, and then some. Yet, the market has now posted three consecutive down days. That should not be viewed as evidence that the rally is over. To the contrary, the same factors that sent prices higher are still in the market. Prices remain above all moving averages except the 200-day, which fell slightly below on today’s close. The rally is pausing, and longtime readers know that the return of any positive demand news was most welcomed.
Yet improvement in demand will likely be limited, as the pause in increasing prices suggests. Thus, the nearby contract sees 69.20 cents as a major barrier. The May contract stalled above 68 cents, but then, very few ever thought prices could get above 67 cents.
*Read Full Report in PDF*
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