Tag "National Cotton Council"
The ICE May contract picked up 107 points this week, settling at 78.36. Dec futures picked up 34 points on the week at 75.63 with the July – Dec spread (straddle) finishing the week at a 273 point inversion. The
The bears were winners this week on the ICE cotton contracts, with May posting a 157 point setback, settling at 75.52. The nearby spread continued to weaken, finishing Fri at 204 points of carry amid what has thus far been
U.S. cotton producers intend to plant 11.0 million cotton acres this spring, up 9.4 percent from 2016, according to the National Cotton Council’s (NCC) 36th Annual Early Season Planting Intentions Survey. Upland cotton intentions are 10.8 million acres, up
Cotton prices ended on an upbeat as the market spent the week consolidating gains it made two and three weeks ago when it broke above the 72 cent trading mark and established a new trading range. The nearby March New
The demand side of the price equation for cotton flexed it muscles this week and shot the market higher as prices reached a 5 month high. At every turn bullish news awaited cotton traders. The record high quality of the U.S.
The National Cotton Council’s 2017 Annual Meeting is set for February 10-12 at The Fairmont Hotel in Dallas, Texas. General information about the meeting is available here. Meeting pre-registration (registration fee waived for news media) is here. Room reservations ($219 single/double,
The Cotton Ginning Cost-Share (CGCS) program, announced today by USDA, resulted from the USDA utilizing its administrative authority under the Commodity Credit Corporation Charter Act to help facilitate the marketing of commodities. Shane Stephens, National Cotton Council Chairman and Mississippi cotton warehouseman,
The National Cotton Council (NCC) has scheduled tour dates and locations for the 2016 Producer Information Exchange (P.I.E.) Program. The P.I.E. program provides U.S. cotton producers the opportunity to maximize production efficiency and improve yields and fiber quality by: 1. gaining new
The Turkish government released its final decision on April 16 concerning the anti-dumping investigation of U.S. cotton. Based on assertions that U.S. cotton was dumped into Turkey injuring the domestic fiber market — which the National Cotton Council (NCC) steadfastly challenged
I, like many, really did not believe that cotton would sink to the level at which it is currently trading. Macroeconomic and financial concerns have trumped cotton fundamentals, and to some extent technical factors as well, in driving cotton into