The market has been in a state of confusion ever since the latest USDA supply/demand estimate was released last Friday, as traders seem to have difficulty making sense of the data. The main message we take from the USDA report, which ...
Tags: Cotton Market, Cotton
NY futures gave up additional ground this week, as July fell 225 points to close at 83.23 cents, while December dropped 180 points to close at 83.28 cents. Spec liquidation and a lack of trade buying continued to depress values this week, ...
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
The March contract traded to an 8-month intraday high of 78.18 cents, although it settled shy of the 77.98 cents closing high of August 31. Also, while March was able to briefly break above its 8-month sideways range, May, July and December ...
Spot futures are still gravitating towards the 75 cents level and for the past eight sessions the March contract has settled within a very narrow band of less than 100 points,between 74.79 and 75.71 cents/lb. There have been a few ...
Tags: NY futures, cotton, US, vacuum effect, China
Plexus Cotton Limited reported that New York (NY) futures rebounded this week, as December gained 169 points close at 75.22 cents. A week ago the December contract looked like it was ready to fall apart after it pierced through a 3-month ...
Tags: Cotton Futures, cotton industry, cotton market, rebound
Plexus Cotton Limited reported that New York (NY) futures have trended lower this week, as December fell by 369 points to close at 71.53 cents. With harvest in the Northern Hemisphere gaining momentum, the market finally came under some ...
Tags: cotton futures, cotton, cotton market, cotton industry
Plexus Cotton Limited reported that New York (NY) futures continued to slip since our last report on October 25, as December dropped another 347 points to close at 69.26 cents. The December contract has basically been flatlined near the ...
Tags: cotton futures, cotton market, cotton industry, cotton
Plexus Cotton Limited reported that New York (NY) futures dropped back to reality this week, as December fell 499 points to close at 72.73 cents. As anticipated the market was unable to sustain last week's upside momentum and started to ...
Tags: Plexus Cotton Limited, cotton, US cotton, textile
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