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
Twenty-five sessions and counting! That's how long the March contract has been confined to this extremely narrow range of just 212 points, closing no lower than 77.23 cents and no higher than 79.35 cents since October 31st. We probably ...
Tags: cotton, trading opportunity, hedge funds, future, trading range
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 ...
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 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 ...
NY futures jumped this week, as July rallied 474 points to close at 84.87 cents, while December gained 256 points to close at 85.39 cents. After nine consecutive losing sessions at the end of May, during which the spot month lost more ...
A slew of bearish technical and fundamental factors put the market under pressure this week. First we had the breach of a 6-1/2-month uptrend line, which put the spec longs on the defensive, although we have yet to see any widespread spec ...
Ongoing planting delays continued to keep potential sellers at bay this week, which allowed the market to trend higher. West Texas is still too dry, while parts of the Mid-South and Southeast have experienced wet and unseasonably cool ...
Tags: Cotton Futures, Textile
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, ...
NY futures continued to slip this week, as July gave up 126 points to close at 85.48 cents, while December dropped 58 points to close at 85.08 cents. The futures market remained under pressure as hedge funds continued to exit commodity ...
When the market reopened after the long Presidents Day weekend, it looked like May was ready to break out of its flagging pattern when it traded to a high of 85.24 cents on Wednesday. However, there was still enough opposition by the trade ...
Tags: cotton, NY cotton, cotton market