DTN Cotton Close: Tumbles to 7-Sessio...
Escalating U.S.-China trade tensions pounded cotton. Mills priced 8,853 lots in July. Activity involving December 2019 eyed. Cotton futures tumbled to steep losses Friday as fears of a U.S.-China trade war intensified, with most-active December falling to a seven-session intraday low. December lost 311 points to settle at 89.85 cents, near the low of its [...]
Cleveland: Prices Break Slightly, But...
By Dr. O.A. Cleveland After challenging contract price highs during the week, a combination of overbought conditions – coupled with more showers across Texas and the Southwest – trumped the market’s push to higher ground and forced all contracts except July and October below the 90 cent level. Nevertheless, the price uptrend remains in place. However, [...]
Rose on Cotton: How Dry Does Texas Ha...
The Dec contract took it on the chin this week (mostly on Friday), giving up 275 pts to finish at 89.85. The Dec – Mar spread finished near flat, inverted at 9 points. It was a rather large news week for agricultural markets, and especially for cotton. A neutral supply and demand report from the [...]
PCCA: Cotton Market Weekly
JUNE 15, 2018 COTTON FUTURES PLUNGE ON TARIFF ANNOUNCEMENT, WILL CHINA RETALIATE? Ahead of Tariff News, China Raises Import Quotas by Almost 3.7 Million Bales, But Who Will Benefit? Crop Conditions in Texas and Oklahoma Raise Questions About Southwest Abandonment U.S. Exports Up and Ending Stocks Down as Expected, World Data Has Surprises Prices [...]