DTN Cotton Close: Up on Moderate Volume
DTN Cotton Close: Up on Moderate Volume

DTN Cotton Close: Up on Moderate Volume

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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.

By Keith Brown, DTN Contributing Cotton Analyst

Cotton twisted and turned both positive and negative throughout its 17-hour trading session Friday, only to finish moderately higher. Some traders thought the market might derive more strength from the better-than-expected jobs data out earlier Friday morning, but that peripheral help never really materialized. The November report reported some 581,000 non-farm jobs were created during October versus expectations of 450,000.

Next week, the cotton market will see harvest progress on Monday, USDA’s November crop report on Tuesday and weekly export sales will be delayed until Friday due to Veteran’s Day. All of those releases should have price moving effects on the market.

Friday afternoon, CFTC will issue its commitment of traders report. If by chance Friday’s speculative number reveals a net-long position under 77,000 for the managed-money finds, then traders are apt to consider the number negative for Monday.

Closing out its first week of November, December cotton finished up some 2.02 cents on the week and month and was also 43.17 cents higher on the year.

For Friday, December settled at 116.87 cents, up 0.41 cent, March ended at 113.24 cents, up 0.33 cent and December 2022 ended at 91.25 cents, 0.51 cent lower; estimated volume was 55,546 contracts.

Πηγή: Agfax



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