DTN Closing Cotton: Cotton Ends Begrudgingly Up
DTN Closing Cotton: Cotton Ends Begrudgingly Up

DTN Closing Cotton: Cotton Ends Begrudgingly 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.

Keith Brown DTN Contributing Cotton Analyst    

The cotton market finished mixed Thursday, despite the appearance of bearish inflation data. Earlier the government issued a stronger-than-expected inflation report, which immediately sent the Dow markedly lower and the U.S. dollar higher, but only for a moment. In a pure reactionary response, the Dow zoomed some 700 points positive and the greenback collapsed. Such action inspired the cotton market to improve as well.    

Thursday's CPI Consumer Price Index 0.4% in September versus its 0.1% rise in August. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustments.

USDA will issue its weekly export sales on Friday. Last week saw a small sales number of 121,000 bales. Also, the Commerce Department will publish its monthly Retails Sales report Friday.    

Friday afternoon, the CFTC will publish its weekly commitment of traders report. Last week, the managed-money funds were shown to be net long some 32,000 contracts.      

For Thursday, December closed at 84.79 cents, down 0.13 cent, March 2023 finished at 83.49 cents, up 0.02 cent and July 2023 settled at 80.83 cents, 0.16 cent higher; estimated volume was 38,735 contracts.    

Keith Brown can be reached at commodityconsults@gmail.com 

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Πηγή: qualitygin.com

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