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
Although this week’s trading action may have felt like a victory for the bears, the chart reveals that the market has actually moved sideways in the last 15 sessions, with May closing in a tight range between 91 and 94 cents since ...
Tags: Cotton Futures, Mixed Trends, balance sheet
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
Ever 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
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
Grain prices held mostly steady Monday night and Tuesday morning with limited news to drive prices off their strong close from Monday's session. USDA reported a slightly lower than expected winter wheat crop condition on Monday ...
Tags: winter wheat, grain prices, USDA