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The New York Cotton Futures Prices Rebound This Week
Oct 13, 2014New York futures moved higher this week, with December advancing 209 points to close at 63.94 cents/lb, while March gained 174 points to close at 62.27 cents/lb. “After posting a low of 60.83 cents two weeks ago, nearby supply ...
Tags: Cotton, cash market
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New York Cotton Futures Traded Sideways This Week
Aug 18, 2014New York cotton futures traded sideways this week, as December moved up 65 points to close at 64.67 cents. Since trading at a low of 62.02 cents on August 1, trading has turned a lot more two-sided, as new trade buying has emerged and ...
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The Market Has Felt Deflated Ever Since The Wild Ride on March 26
Apr 14, 2014The 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
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The Market Has Remained Undecided as to Where It Wants to Go Next
Mar 24, 2014The 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
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NY Futures Resumed Uptrend This Week as May Rallied 380 Points to Close at 91.61 Cents
Mar 17, 2014NY 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
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The Market Did Resolve The Flag Formation That We Had Mentioned Last Week
Feb 19, 2014From 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
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Since Reclaiming The 82 Cents Level, Ny Cotton Market Has Gone Nowhere
Jan 13, 2014Ever 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
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Higher Futures Prices Have So Far Been Unable to Deter Demand in Significant Manner
Jan 9, 2014The 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
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American Agricultural Export Datas
Dec 25, 2013Wheat:Net sales of 656,100 MT for delivery during the 2013/2014 marketing year were up 76 percent from the previous week and 47 percent from the prior 4-week average.Increases reported for Japan(129,400 MT),Nigeria(110,000 ...
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December Contract Losd Over 1200 Points in The Process, a Bounce Was Long Overdue
Nov 11, 2013After 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
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The Market Quickly Relinquished Some of Its Weather Premium When Trading Resumed This Week
Oct 14, 2013When 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
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ICE Cotton Posted Solid Gains on The Back of Strong Demand
Oct 4, 2013ICE Cotton posted solid gains on the back of strong physical demand this week, with Z3 gaining over 200 pts to close at 86.69. The selling out of Australian cotton has shifted buyers towards the US, however due to the late crop and smaller ...
Tags: Ice Cotton, Textile
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New Spec Buying Lifted The December Contract to Its Highest Close in Over 15 Months
Aug 12, 2013When the market moved above a two-month old triangle formation on Wednesday, it generated a flood of new spec buying that lifted the December contract to its highest close in over 15 months. Today’s high of 89.42 cents came within ...
Tags: Cotton Prices
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This Week in New York Futures Prices Continue to Soar
Jun 15, 2013The market hasn’t been kind to anyone betting against July, be it outright shorts or those ending up on the wrong side of the July/Dec spread, as the spot month exploded for a gain of over 1200 points in just nine sessions. July ...
Tags: NY Futures, Textile
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NY Futures Jumped This Week, as July Rallied 474 Points to Close at 84.87 Cents
Jun 9, 2013NY 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 ...
