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.
August 22, 2014
December cotton finally broke out to the upside in the past week on expanding volume and rising open interest, with the August 21 close marking the highest level in four weeks.
August 14, 2014
What many considered a very bearish August Supply/Demand Report has been digested by market forces and determined to be market neutral. Most likely, the 62 cent price floor has developed enough depth to protect the price from sliding any lower.
August 13, 2014
The Cotton Board voted to recommend Cotton Incorporated’s proposed 2015 budget of $80 million to the Secretary of Agriculture.
August 12, 2014
The August USDA crop production and supply/demand numbers are best described as a mixed bag. Increases in U.S. exports and World Use are good news, as is the fact that ending stocks didn’t increase.
August 12, 2014
USDA’s World Agricultural Supply and Demand Estimates for August show forecasted increases in production, exports and ending stocks for U.S. cotton.
August 8, 2014
Cotton prices attempted to consolidate a bit this week in the face of weather problems around the globe, as well as Chinese mills seeking imports of high grade cotton.
August 8, 2014
What will it take for prices to find a level of support low enough that the market sentiment will finally say “enough” and turn the outlook more bullish than bearish?
August 7, 2014
With the prices for cotton and polyester converging on the world market, the International Cotton Advisory Committee expects world consumption of cotton to increase five percent to 24.5 million tons in 2014/15.
July 31, 2014
Market technicals suggest the 60 to 62 cent level will hold for prices in the very short run – depending, in large part, on weather patterns for Texas and India.
July 29, 2014
In the world of cotton, China is still the enormous elephant in the room.
July 28, 2014
Over the past two weeks, prices for Dec14 futures have continued to slide, but tried to stabilize in the 67 to 68.5 cents range. In an extended narrow trading range like this, there is usually not much pressure/interest to push prices either direction on current news. Until July 24, it seems.
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.