Thompson on Cotton: Market Movements Under The Direction Of News Events Nov 22, 2020

🕔Nov 22, 2020
Both December and March futures opened and closed last week on a positive note. Triple-digit gains on Monday were in response to another promising Covid vaccine trial, while Friday’s similar […]

Thompson On Cotton: Expect Wide Basis Ranges Based On Quality Nov 16, 2020

🕔Nov 16, 2020
Last week’s market was dominated by the roll activity of merchants, funds, and specs. Indicative, Open Interest on the March futures contract surpassed December as daily trading volume reached record […]

Thompson on Cotton: Pent Up Demand Possible? Nov 9, 2020

🕔Nov 9, 2020
After the previous week’s significant selloff, we were hoping last week’s activity would confirm this was only a needed correction in an overbought market. Early on, this appeared to be […]

Thompson On Cotton: Managing Risk Is The Key, And We Have Plenty To Go Around Nov 1, 2020

🕔Nov 1, 2020
The ghosts and goblins of Halloween came early last week. In just a week’s time we experienced: A hard freeze in the Southwest. Another hurricane in the Southeast. An uptick […]

Thompson On Cotton: Market Drivers – More Bullish Than Bearish Oct 26, 2020

🕔Oct 26, 2020
In the quest to return to its pre-Covid high, the market took another giant, although worrisome, step last week. Giant in that the continuing rally garnering another couple cents, trading […]

Thompson On Cotton: Potential For Mid-70s But Uncertainty Lingers Oct 19, 2020

🕔Oct 19, 2020
Like a restless bull trying to find a hole in the fence, the cotton market repeatedly challenged 70 cents in every trading session last week. Like a sturdy fence, each […]

Thompson on Cotton: WASDE Pushes Market Out of 8-Month Trading Range Oct 12, 2020

🕔Oct 12, 2020
The market finally broke out of its trading range this week, reaching an eight-month high of 68.68 and closing up from its previous close of 67.49 at an all new […]

Thompson On Cotton: Faint Hints Of Demand Oct 5, 2020

🕔Oct 5, 2020
Writing this prior to Friday’s close, I’m thinking it shouldn’t matter much since trading has been sideways for weeks. However, we awoke with news that the President and First Lady […]

Thompson On Cotton: What Will Determine Market Direction Now? Sep 28, 2020

🕔Sep 28, 2020
Following the market last week was much akin to watching paint dry. Though trading in wide ranges each day, it never failed to work its way back to nearly unchanged, […]

Thompson on Cotton: A Faint Uptrend, Maybe to 70 Cents Sep 20, 2020

🕔Sep 20, 2020
Let me first extend our thoughts and prayers to all those impacted by Hurricane Sally. This intense storm wrecked the lives of many as it slammed into the Gulf Coast […]

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