The market tested and successfully held the important 82 cents support level when it briefly dipped to an intra-day low of 81.42 cents on December 23rd. By holding support the market managed to attract additional spec buying, which prompted ...
Tags: Cotton Futures, Holiday Period, Cotton
It was a shortened trading week due to the Christmas holiday, and ICE cotton futures started the week non eventful, but finished it with three digit gains. The H4 contract topped over 85 cents and reached a two and a half month high during ...
Tags: Cotton Futures, Textile
Corn and soybeans were up; cotton was mixed; and wheat was down for the week. As the Christmas season quickly approaches trading volume has reduced substantially with the exception of soybeans which have high volumes when accounting for ...
Tags: Crop Comments
In a matter of just three weeks the futures market has gone from being one of the cheapest suppliers to becoming one of the best buyers! On November 22, when spot December entered the notice period, it traded as low as 73.79 and closed that ...
Tags: futures market, Textile
After the December contract had closed lower in 19 out of 23 sessions between October 4 and November 5, losing over 1200 points in the process, a bounce was long overdue. However, even though it felt good to finally see the market up on ...
Tags: NY Cotton Futures, Textile
With cotton crop estimates for the US and India increasing week after week due to the swift advance of harvest and surprisingly good yields, selling pressure eventually became heavy enough for December to break through important support ...
Just when it felt like the market was getting ready to challenge major support below 82 cents, a late session rally lifted values back into the 'comfort zone'. It is not clear what prompted the buying of some 2'500 December near the close, ...
When tropical storm “Karen’ and typhoon ‘Fitow’ failed to deliver the expected punch to cotton areas in the US and China over the weekend, the market quickly relinquished some of its weather premium when trading ...
Tags: NY Cotton
NY futures edged up slightly this week, as December gained 75 points to close at 85.47 cents, while March advanced 72 points to close at 85.18 cents. After a string of dull, low volume sessions, the market finally showed some signs of ...
ICE Cotton futures traded unchanged on last week, with the main Z3 contract settling at 84.52 c/lbs. Physical supplies for delivery to mills through 2013 year-end are looking increasingly tight, as spot supplies of Australian, West African ...
Tags: ICE Cotton, Textile
The futures market cooled off further this week, as speculators and the trade continued to reduce their respective positions in the December contract. The spot month has now lost over 46’000 contracts in open interest since it peaked ...
Tags: Cotton Futures, Textile
After climbing to a five month high last week, cotton futures suffered a near 10% loss this week with the spot December contract dropping over 900 points to close at 84.08 c/lb. Technicals turned weak after futures prices failed to advance ...
After the December contract had reached a high of 93.72 cents last Friday, followed by another attempt to a high of 93.54 cents on Monday, the ferocious rally that took the spot month nearly 900 points higher over the course of just nine ...
ICE cotton futures shot up again this week with the spot December contract advancing 439 points to close at 93.32, highest since March this year. Monday’s supply & demand report by USDA projected a tight supply situation with the US ...
Tags: ICE Cotton, Textile
ICE cotton futures exploded to the upside this week with the spot December contract advancing 395 points to close at 88.93. New longs entered the market during the rally with the overall open interest rising by over 18k contracts, and specs ...
Tags: ICE cotton, Equity markets