It was a combination of technical weakness and economic worries that weighed on the market this week, as the spot month moved perilously close to the important 90 cents support level, settling at its lowest level since March 13. From a ...
ICE Cotton futures gained almost 100 pts this week basis the N4 to settle at 93.25 c/lbs. Thursday was the soon-to-expire K4 contract's First Notice Day, which was preceded by a large drop in OI via EFP and EFS transactions, rumored to be ...
Whereas the short decrease of the quotations on the futures market had stimulated the closure of several contracts during the previous week, prices for medium staple cotton returned to a firm tendency within the course of this week and ...
Tags: Cotton Prices, Cotton
The market has felt deflated ever since the wild ride on March 26, during which the spot contract shot up to a high of 97.35 cents/lb before dropping more than 500 points below that level by the end of the session. From a technical ...
Tags: Cotton Futures, Xinjiang cotton
There was no shortage of news for the cotton market to digest this week as ICE futures lost over 300 pts basis the K4 contract. Losses on Monday were re-couped on Tuesday ahead of the USDA's monthly WASDE report, which contained few ...
NY cotton futures fell four straight sessions before pulling back up Friday, ending the week lower by dropping 134 points in the spot May contract month. Monday’s weaker session set the tone for this week’s trading as USDA ...
Tags: NY cotton, Cotton Futures
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
Despite volatile trading, ICE Cotton futures settled only slightly higher this week at 93.74 c/lbs basis the K4, and not much change is seen in the overall open interest. The week opened down sharply on Monday, followed by a 350 pts gain on ...
Tags: Cotton Futures, Volatile Trading
The market has remained undecided as to where it wants to go next, with the last eleven sessions closing in a narrow range of just 166 points. The structure is still more or less the same in current crop futures, with specs and index funds ...
Tags: Cotton Futures, crop futures, on-call sales
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
The liquidation of the March contract proceeded in a speedy and orderly fashion, as open interest was down to just 6’393 contracts or 639’300 bales as of this morning. With another 3’300 contracts trading, most of ...
Tags: Cotton Futures, 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
U.S. cotton futures could “spend a lot of time” in a trading range between 76 cents and 88 cents a pound for the remainder of the 2013-2014 marketing year, which is not much above the latest close of 86.8 cents per pound (Jan. ...
Ever since reclaiming the 82 cents level about a month ago, the market has gone nowhere, closing the last 20 sessions in a very tight range of just 242 points, between 82.24 and 84.66 cents. The changes in the CFTC spec/hedge report tell ...
Tags: Cotton Futures, Textile
After a short decline in the course of the reported week the New York cotton futures rose again due to news on the situation in China. Cotton area is expected to decrease and quality requirements for the National Reserve were discussed ...
Tags: Cotton Market, Apparel