https://www.instagram.com/vanessaclarkipai This is your Cotton podcast. Hey everyone, welcome to the Daily Cotton Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest buzz on cotton prices, imports, and what it all means for the market. Right now, cotton futures are showing real strength. According to Barchart and TradingView reports, May cotton closed at 76.8 cents per pound, up 47 points, while July hit 79.45 cents per pound, gaining 81 points on Thursday. That's a solid rebound after a pullback from near two-year highs, driven by higher crude oil prices around 97 dollars a barrel and ongoing drought hitting 97 percent of US growing areas. SunSirs benchmark pegs Chinese Grade 3128 cotton at 18,225 RMB per ton as of April 24th, up 1.36 percent from early April and over 5 percent since January. Cotton yarn's right there too at 24,500 RMB per ton. What's fueling this? Surging imports into China hit 289,000 tons in March alone, up 42.8 percent month-over-month and 29.4 percent year-over-year, per Customs data from SunSirs. That's flooding the market but paired with recovering demand and cost pressures from the supply chain. Globally, Middle East tensions are spiking energy costs, pressuring polyester rivals and giving cotton an edge, as noted by RFD-TV and Fibre2Fashion. US export sales dipped to 119,947 running bales last week, with Vietnam leading buys, but shipments are picking up. Looking ahead, watch for weather shifts in the Delta and Southeast, plus any Iran blockade ripples on oil. Trends are up, with resistance at 80 cents, but profit-taking could test support around 73-75 cents. Traders, if you're positioning, consider hedging with these volatility spikes. Farmers, that drought rally might stick if rains stay away. Stay tuned for more updates. Thanks for joining me on Daily Cotton Price Tracker. Subscribe, tune in next time, and have a great day! For more http://www.quietplease.ai Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai For some deals, check out https://amzn.to/4hSgB4r This content was created in partnership and with the help of Artificial Intelligence AI This episode includes AI-generated content.