After a short rise, the CIF Bremen Cotton Index stayed unchanged over the reported week, quite opposite to the NY cotton futures market. The price movement in NY cotton futures was supported by stable demand for US cotton, covering of ...
Tags: Unchanged, Cotton Index, Textile
Last year at this time, the US cotton trade had sold around 6 million bales from a 12.91 million bales crop. This year, the US is estimated to produce 13 million bales, but till date; just a little over 3 million bales have been sold, ...
Tags: US Cotton Trade, Bales, Textile
US cotton output is forecast at 17.5 million bales, 1 million bales above July’s projection and 4.6 million bales or 36 percent above last season’s crop, the August report of USDA reveals, which is also the first survey-based ...
New York cotton futures traded sideways this week, as December moved up 65 points to close at 64.67 cents. Since trading at a low of 62.02 cents on August 1, trading has turned a lot more two-sided, as new trade buying has emerged and ...
U.S. cotton demand for 2014/15 was revised upward in July to 14.0 million bales, nearly matching the latest 2013/14 estimate of 14.1 million bales. The export forecast was increased to 10.2 million bales as a larger available supply was ...
Tags: Cotton Demand, Cotton
U.S. cotton demand for 2014/15 remains projected at 13.4 million bales or 5 percent below the 2013/14 estimate. Exports account for 9.7 million bales while mill use contributes the remaining 3.7 million bales. Despite higher U.S. ...
Tags: Cotton Demand, textile industry
The 2014/15 U.S. cotton projections show higher production and ending stocks compared to last month. Projected abandonment in the Southwest has been reduced due to recent favorable rainfall, resulting in a production increase of 500,000 ...
With a view to increase cotton production in the region, Pakistan's Punjab government is considering introducing new cotton seeds with the help of US agricultural firm Monsanto, said Punjab Governor Chaudhry Muhammad Sarwar, while ...
The 2013/14 U.S. cotton production estimate was reduced this month to 12.87 million bales as indicated in the March 2014 Cotton Ginnings report; upland production was placed at 12.23 million bales while the ELS crop was estimated at 633,000 ...
Although this week’s trading action may have felt like a victory for the bears, the chart reveals that the market has actually moved sideways in the last 15 sessions, with May closing in a tight range between 91 and 94 cents since ...
Tags: Cotton Futures, Mixed Trends, balance sheet
NY futures resumed their uptrend this week, as May rallied 380 points to close at 91.61 cents, while December gained 171 points to close at 79.55 cents. After meandering sideways for the past six weeks, unable to generate much ...
Tags: Cotton Futures, Cotton market, Textile
From a technical point of view the market did resolve the flag formation that we had mentioned last week and broke out to the upside, which propelled March to a six-month high, while May traded at its best level since April 2012. On ...
Tags: Upward Trend, Cotton Futures
The Brazilian Association of Cotton Producers (ABRAPA) has evaluated the new Farm Bill, which ends the subsidies given by the US Government to cotton growers. According to the market estimates and the first analysis made by advisors of ...
Tags: Cotton Producers, Farm Bill
The Brazilian Government would be closely examining the new US farm bill passed recently by the House of Representatives, to see whether it meets with the standards set by the World Trade Organization (WTO), before adopting any retaliatory ...
Tags: US Farm Bill, Textile
ICE Cotton gained over 4 cents for the week on the back of spec buying, improved technicals and rising open interest, and the continued rawdown of US cotton stocks through strong export sales (223k overall). Although domestic basis levels ...
Tags: Cotton Trends, Textile