DTN Cotton Close: Lower on Trump Twee...
By Keith Brown DTN Cotton Correspondent The market pushed lower Friday, hamstrung by its ongoing bearish trend and two presidential tweets which added to the existing negative sentiment. Cotton was already under pressure from its dismal weekly sales and exports data of Thursday, when Trump referenced China’s President Xi as “the enemy” and in another [...]
Cleveland: Chinese Policies Continue ...
By Dr. O.A. Cleveland “When It Rains It Pours” goes the Morton salt slogan…and cotton prices seem to be pouring lower and lower each week. December declined 192 points on the week, falling at one point to 58.06 and settled the week about 100 points above its life of contract low. The 57-61 cent trading range [...]
PCCA: Cotton Market Weekly
AUGUST 23, 2019 MARKET PAUSES, FUTURES PRICES FALL Crop Conditions Worsen Trade War Intensifies Export Sales Weaker Futures trading was very slow this week. Prices fell from Monday’s high at 60.25 cents per pound to a low of 58.06 on Friday. Open interest increased 1,215 contracts to 216,481 during the week, which is the highest level since May. HOT, [...]
DTN Cotton Close: Sharply Lower on Po...
By Keith Brown DTN Cotton Correspondent Cotton was lower amid Thursday’s poor weekly sales and exports data. Current-season 2019-20 sales were 164,000 bales, while new-crop 2011-12 was only a mere 500 bales sold! Contrast that with the business done last week, where weekly sales totaled more than 330,000 bales. On top of that, the market [...]