September 19, 2014
The current trading range continues, as the market analyzes the impact of flooding in the U.S., continued dryness in Australia and the first initial official announcement by the Chinese government with respect to its new cotton policy.
September 16, 2014
When folks in the cotton industry say polyester stinks, they now have the research to back the statement up.
September 12, 2014
USDA’s September World Supply Demand report gives us no reason to believe that the narrow 62 to 72 cents trading range will change in the coming month. But the market will likely draw its direction from Mother Nature in the coming weeks.
September 11, 2014
Based on USDA’s September Supply Demand report, a smaller U.S. crop should provide some support for prices. But an increase in total world production, reduction in use and increase in stocks may also weigh on the market.
September 8, 2014
Five honorees have been elected to the first class of Cotton Incorporated’s newly-established Cotton Research and Promotion Program Hall of Fame.
September 5, 2014
Ongoing anticipation of the Chinese government’s announcement regarding price supports for the 2014 crop has driven cotton prices back near the bottom of the current trading range.
September 5, 2014
The market seems to be stuck in the middle of nowhere at the moment, as December cotton reflects the current tight transition period and the bears continue to pressure March pricing.
September 2, 2014
The delay of deliverable 2014 world production supplies, coupled with limited availability of old crop export grade cotton, has kept a bit of a fire burning under the market.
August 29, 2014
As merchants and mills wait for new crop cotton to impact the market, they are finding out that supplies for nearby shipment are both pricey and hard to come by.
August 28, 2014
Anthony Tancredi of Louis Dreyfus Commodities says the most important thing for anyone in the market to know is what China’s cotton policy is. The problem: no one knows – or is sharing – the policy details.
August 25, 2014
Prices (Dec14 futures) appear to have turned trend up, at least for the short-term. But, they're likely to meet resistance around 68 cents, meaning we may have some rocky ground to plow in order to return to prices starting with a 7.
November 21, 2014
The recent COTTON USA Sourcing USA Summit brought representatives from global sourcing companies together with the U.S. cotton industry to discuss the advantages of U.S.-grown cotton.
November 17, 2014
The recent trading action that pushed cotton prices into the 50s is linked to the interplay of spec short covering and spec long liquidation, which should keep the market in its current sideways trend.
November 11, 2014
USDA’s November crop production and supply/demand numbers are little changed from the October numbers.
October 31, 2014
With the conclusion of the WTO Brazil case, the U.S. cotton industry can bring a renewed focus to the challenges ahead, coming from a familiar source.
October 27, 2014
An end of week uptick closed the market up 81 points from the previous week. But the longer-term direction is still sideways, with a range of mostly 62 to 67 cents.
October 24, 2014
The same record that has been spinning for weeks is still playing. The 61 to 62 cent price resistance holds firm, attempts to close above 65 cents continue to be thwarted, and the potential for a short covering rally lingers strong in the background.
October 24, 2014
Volatility dropped this week, as the market is discounting a scenario in which prices are not expected to change significantly over the coming months. Once all harvest is complete and sorted out, we may see renewed pressure on cash prices.