October 12, 2018: Cotton Futures EUR/US$ 1.1574
Posts tagged DTN Markets
DTN Cotton Close: Higher on Hurricane...
December Cotton settled markedly higher Friday, primarily on the devastation of Hurricane Michael to the southern crop. The tweets and pictures being circulating on social media paint a dire picture, and that’s an understatement. We compared old black-and-white pictures of Hiroshima, Japan, to the Gulf coast and the resemblance is frighteningly close. Further inland, the […]
DTN Cotton Close: Higher on Michael, ...
By Keith Brown DTN Cotton Contributing Analyst December cotton finished virtually flat on Thursday in yet another very hesitant trade. Initially, the market concerned itself with potential losses that Hurricane Michael dealt to the Alabama/Georgia crops. At this time no accurate figure can be ascertained, but from our many conversations and texts with area producers, […]
DTN Cotton Close: Slightly Lower Ahea...
December cotton traded both sides of Tuesday’s close, but finished lower. Thus far, the market has essentially slough off any potential devastation of Hurricane Michael to the Georgia cotton crop. Apparently, the market has been victimize by speculator liquidation and concerns about failing demand. As subscribers know, the U.S./China trade war has really put the […]
DTN Cotton Close: Lower Despite Advan...
In a near bizarre trade, December cotton sloughed off the potential devastation to the Southeastern crop to close lower. Hurricane Michael is expected to make landfall Wednesday night then take a hard right hook, thanks to the upper level jet stream, and scurry across South Georgia and then up into the Carolinas. The Georgia crop […]
DTN Cotton Close: Moderate Strength o...
In a tedious push-and-pull session, December cotton finished some 150 points higher on the potential losses from Hurricane Michael. The market started off in an unconvincingly trade, but when Michael was elevated to hurricane status, December cotton really began to strengthen. Then, late in the day, the market firmed at the 7700 level. Volume increased […]
DTN Cotton Close: Fractionally Higher...
December finished slightly higher Friday in a session marked by decent estimated volume of 21,700, but also one with a daily trading range of less than 75 points. Thus, in the absence of any sort of bullish news, the market kept its recent behavior of trading the path of least resistance, which was sideways. Frankly, […]
DTN Cotton Close: Settles Lower Amid ...
December cotton finished lower Thursday amid weak old crop sales. Last week’s sales, reported Thursday, showed a mere 21,000 bales sold. Not only was that number a marketing-year-low, but it included some 85,000 bales cancelled by China. However, shipments were higher, and the distant crop year (2019-20) sales were strong. China did buy some 90,000 […]
DTN Cotton Close: Marks Time With Une...
December cotton was slightly higher Wednesday, snapping a five-day losing streak. However, the estimated volume of 16,500 contracts left traders feeling less bullish. In fact, given that the market is in its infancy of harvest, every day ought to generate some selling pressure stemming from hedge-type action. Overall, cotton’s trend remains steeply bearish, reflecting the […]
DTN Cotton Close: Market Lower in “Ya...
December cotton doubled its decline from Monday. That is, after Monday’s wide range of 200-plus points inspired by the Canadian trade euphoria, cotton settled down 6 points. Tuesday, the market closed 12 points lower. Of course, Tuesday’s estimated volume of 19,000 was nowhere close to that of Monday’s stunning 48,000 contracts trade. However, going nowhere […]
DTN Cotton Close: Market Takes Wild R...
December Cotton ran up and down the price ladder Monday, within a daily high/low range session of 200 points. However, in the end, the market closed a mere 6 points down. Early in the session, the market collapsed to its low of 7537 as continued speculator liquidation took its toll. However, then came the news […]
DTN Cotton Close: Dec. Sharply Lower ...
December cotton closed triple-digits lower Friday. December cotton was victimized by end-of-quarter liquidation by speculators Friday, finishing lower in triple digits. Estimated volume was near 30,000 contracts traded. For the month, the market was down 585 points, and for the quarter the market is down some 750 points. Of course, next week “officially” commences the […]
