Tag "cotton commentary"
It was a trying, frustrating, if not outright miserable week for bullish row crop investors, with ICE cotton joining the CME grains in posting weekly setbacks. CME bulls took a shellacking, while cotton optimists were punished less severely. The ICE
The cotton bull continues to feed on the record string of export sales and the ever more bullish on-call sales predicament facing the mills. Too, the old bull is not giving up his almost daily run above 79 cents. Yet,
Old-crop contracts close higher for day but down for week. Mills added a board total of 803 lots to their unpriced on-call position. Cotton futures traded on both sides of the prior day’s ranges in old-crop contracts and closed mixed
U.S. all-cotton export commitments rose to 97% of the USDA estimate and shipments reached 61% of the forecast. Combined weekly sales for shipment this season and next totaled a bulging 539,600 RB. Cotton futures completed a tight, inside-range day narrowly
U.S. weekly upland export sales maintained a robust pace at 328,200 running bales, while shipments remained strong at 379,700 RB. Cash online grower and business sales slipped to 4,411 bales on The Seam. Cotton futures ticked modestly higher Thursday, remaining
U.S. prospective plantings pegged at 11.9 million acres in Bloomberg survey. Slowdown again expected in torrid U.S. weekly export sales. Cotton futures settled higher Wednesday, with spot May trading on either side of the prior-day range and regaining on the
May bounced a day after testing a chart support area. Cash online sales increased to 5,266 bales on The Seam. Cotton futures traded on modest gains in the early going Wednesday, a day after testing an important chart support area.
Spot May closed at its lowest settlement of the month. U.S. 2016-crop upland loans outstanding declined to 3.956 million RB. Heavy volume of West Texas CCC loan equities traded. Cotton futures settled lower across the board Tuesday, down 45 to
Spot May confined to the overnight range. U.S. dollar index fell to a new low for the move. Cash grower and business online sales declined to 4,142 bales on The Seam. Cotton futures ticked in the red in the early
Dollar rallied from six-week overnight low. Flooding rains reported in Australia. Rains stalled early Texas planting. Slight rain chance forecast for Lubbock area. Cotton futures finished mixed Monday, reversing direction in spot May to post a sharp loss after pushing