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
In comparison to closing of August 8, the December New York cotton futures contract moved up only 14 points over last Friday’s (August 15) settlement and maintained a 200 point trading range on the week. This leaves one thinking, ...
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 ...
Bremen cotton quotes remained on a relatively stable level, without any identifiable direction awaiting the next USDA-crop-estimates. The current USDA-report did not show any important changes outside the U.S. According to the report, ...
Bremen cotton quotes remained on a relatively stable level, without any identifiable direction awaiting the next USDA-crop-estimates. The current USDA-report did not show any important changes outside the U.S. According to the report, ...
Tags: Bremen, Cotton, Apparel, Accessories
Just when it looked like the market was finally getting ready for a bounce after trading sideways for the last eight sessions, a new wave of selling forced values another 200 points lower today. We still feel that trade’s lack of ...
Over the last ten-and-a-half weeks relentless spec and trade selling has pushed the December contract nearly 1700 points lower and it still remains to be seen where this decline ultimately leads to. From a technical perspective we are now ...
After speculators had sold nearly 8 million bales net since early May, they finally seemed to move to the sidelines, allowing the market to recover some of its losses this week. The latest CFTC report as of July 29 showed speculators ...
Tags: Speculators, Decline, Textile
The NY cotton futures market was down 394 points for the week from Monday's 72.06 open to Friday's settle at 68.12. Without a doubt the USDA WASDE report was bearish and the market took a quick dive once the report was released. They ...
Tags: USDA, The NY Cotton, Textile
NY futures extended their decline this week, with December falling another 351 points to close at 68.55 cents. The market continued its relentless slide, driven by the same dynamics we talked about last week. The market’s weakness ...
Tags: NY Cotton Futures, Decline, Textile
Oops, we did it again. Another solid USDA export report and the market tanked. The beginning of the week the market was on a tear to the upside but the market reaction to this “bullish” report turned the fundamentals on their ...
Tags: Cotton Futures, Cotton Market
After the difference between July and December futures had shrunk again, the New York cotton futures have lastly experienced a considerable stabilization. Price influencing factors like position adjustments of institutional investors ...
Tags: Cotton, CIF Bremen
Futures prices continued to tumble this week, as negative fundamental and technical factors exerted additional downward pressure on the market. Abundant rainfall in West Texas over the Memorial Day weekend could potentially add 1.5-2.0 ...
Tags: Cotton, Cotton Futures
ICE Cotton futures continued its slide this week and traded below the 9 day moving average for the entire week. The spot N4 dropped a total of 323 points over the course of the week to close at 89.82, lowest settlement since beginning of ...