As December declined 38 points to close at 63.56 cents/lb, while March shed 56 points to close at 61.71 cents/lb, New York cotton futures moved slightly lower this week. Another round of severe weather in the Delta and Southeast ...
Tags: Cotton Futures, cash cotton
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
Traders have remained rather indecisive, as they are torn between a tight supply situation nearby that justifies firm prices until new crop arrives and a potentially bearish outlook thereafter. As a result we have a market that is stuck ...
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