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
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 ...
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
ICE Cotton stayed in an uptrend this week with K4 holding ground and settling at 92.19, up over 100 pts. Futures, with the help of a friendly spec contingent that had anticipated the USDA’s lowering of 13/14 carry-out estimate (and ...
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
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
NY futures moved sideways this week, as May added 26 points to close at 88.46 cents, while December gave up 45 points to close at 87.37 cents. The main feature this week was the USDA Prospective Plantings report, which was released ...
Tags: US cotton, cotton, cotton industry
The market continued its correction and pulled back to a low of 80.05 cents in March and 81.35 cent in May, but there were plenty of buyers waiting to buy on dips. Volume was heavy all week long due to the Goldman roll, but overall open ...
Tags: NY, Cotton Futures, Cotton
NY futures had a mixed performance this week, as March dropped 155 points to close at 81.40 cents, while new crop December gained 123 points to close at 82.38 cents. With the trade throwing everything but the kitchen sink at the short ...
Tags: NY, Cotton Futures, Mixed Performance
Plexus Cotton Limited reports that NY futures ended the week mixed, as December managed to close unchanged at 99.50 cents, while March dropped 240 points to close at 96.48 cents. For most of the week the market tried to work its way higher ...
Tags: industry trends, cotton