Home / Knowledge / News / Textiles / ICE cotton futures dip on heavy rains in Texas
ICE cotton futures dip on heavy rains in Texas
20
Jul '13
ICE cotton prices dipped earlier this week on heavy rain received in Texas, the top cotton growing region of the country. Prices then rose in thin trade at the end of the week and settled the week in a positive note as the dry condition returns for the weekend. 
 
The continuous decerts also supported the market, as we see a total of a little over 150k bales decerted this week. Physical activities remained light as a total of 55k bales were reported sold for the week ending July 11th, just slightly better than a week before.
 
Macro economic factors have stabilized as Bernanke reassured the markets that QE accommodation will not be leaving anytime soon. That allowed the interest rates to drift lower as the USD continues to weaken and equity/commodities moved higher. 
 
Feels like the third quarter could be more of the same as the Northern hem crops will be subject to much uncertainty with weather and abandonment until harvest in the late 4th quarter. Expect to see Z’13 cotton trade in the 80/90 cent range until we get closet to harvest.
 

ECOM USA

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search