Tag "O. A. Cleveland"
The declining health of the cotton bull continues to draw discussion, but symptoms are few as he made an impressive stand on the week. The new crop December contract established a new life of contract high on the week, 75.64
If you like the price enough to plant it, then like the price enough to sell some it. If you like the price enough to plant it, then like the price enough to sell some it. December futures are expected
I was wrong. The highs are not in. The cotton bull, with freshly sharpened and longer horns, has broken out. The old crop May and July contracts are attempting a run to the 83 cent mark. The new crop December
The script many of us wrote months back continues almost word for word. The market fundamentals have performed true to prediction as has the occasional technical marker. Somewhat new to the cotton market, and to all commodities as well, have
Textile mills chipped away at their on-call sales this week, disposing of nearly 50% of them. However, most of the trading was not outright selling, but spread trading (buying the March contract and selling the May contract). Thus, the trading range
New York ICE cotton futures, buoyed by demand, speculative funds and basic fundamentals, continue to hold tight to the 75-76 cent level. The active trading range remains very narrow, well within a 150-200 point range as the old crop spot
With apologies to Yogi Berra, prediction is difficult, especially when it is about the future. Another way Yogi said it, “It ain’t over until it is over.” The opportunity for the nearby cotton futures prices to top 78 cents remains
Cotton prices jumped higher on each daily close and has now seen higher closes on 7 of the last 8 trading days. In between the market has seen excellent U.S. export sales including marketing year high established this week.
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
Cotton prices slid below 70 cents, basis march for the first time in months as the market enters the last trading week of 2016. The 2017 calendar year should have more positive news in front of it, at least for