BAL: Global Cotton Stocks Declining But Production Is Up

BAL: Global Cotton Stocks Declining But Production Is Up

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Το περιεχόμενο του άρθρου δεν είναι διαθέσιμο στη γλώσσα που έχετε επιλέξει και ως εκ τούτου το εμφανίζουμε στην αυθεντική του εκδοχή. Μπορείτε να χρησιμοποιήσετε την υπηρεσία Google Translate για να το μεταφράσετε.

Summary

My 2015 assessments on cotton proved to be correct.

China is playing a very large role in declining stocks.

Overall global production is expected to increase 4%.

Planting season is right around the corner.

Current Spot Prices

During the 2016 Outlook for Cotton, with spot prices around 64 cents, I recommended that cotton was fairly valued and the current spot prices didn't represent enough of a value to initiate any new positions.

This proved to be an accurate assessment. See below for the recent and distant spot price history for cotton:

To find the last time cotton spot prices traded below its current range, you would have to go back to 2009.

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