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Posts tagged cotton prices
Showers expected to break record long dry spell in the Lubbock area of the Texas Plains. Mills priced 9,824 lots in the March, May and July deliveries. Cotton futures finished on modest gains Friday, trading within the previous-session price ranges ahead of the long holiday weekend. Most-active May settled up 39 points to 77.16 cents, […]
The May contract finished modestly lower on the week, giving up 47 points to settle at 77.16. The May – July spread finished at (96) while the old crop/new crop straddle remains significantly inverted at 250, which is strong incentive for merchants to expeditiously find homes for their inventory. Trading on the ICE was rather […]
FEBRUARY 16, 2018 NEARBY COTTON FUTURES TREND LOWER, NEW CROP FUTURES FARE BETTER Nearby cotton futures spent most of the week slowly winding lower. Speculators continued to sell out of their futures positions, and open interest, the count of all open futures contracts in the market, fell 26,628 to 259,069 from last Thursday’s close. March […]
The week ending February 16 saw ICE cotton trend lower. Trading this week continued in high volume and decreasing open interest — reflecting some long liquidation. The latter was also evident from a continuing reduction in the hedge fund net long position, week over week. Fundamental news this week included excellent export sales which were in keeping with […]
March closed dead even with the prior-day low and the low of Dec. 21. U.S. export commitments reached 92% and shipments 38% of the USDA’s new 2017-18 forecast. Cotton futures settled slightly lower Thursday, extending a losing streak to four in a row on the heels of the U.S. weekly export sales-shipments report. March closed […]
March closed below lows of prior seven weeks. Sales decline expected in the U.S. weekly export sales-shipments report. World mill use expected to exceed production next season, NCC says. Cotton futures finished lower across the board Wednesday, down 22 to 78 points, with March settling below lows of the prior seven weeks. March lost the […]