Home / Knowledge / News / Textiles / ICE cotton futures trading remained thin last week
ICE cotton futures trading remained thin last week
Jul '13
ICE cotton futures trading remained thin this week with an average daily trading volume of 12k contracts.

Market edged lower despite the daily reduction of the cert stocks, which would normally provide support for the futures prices. A total of almost 290k bales were de-certed over the course of the week, and the stocks are at just a little over 160k bales currently.

Export report remained lackluster, and with two weeks left before the end of the season, it’s likely that the USDA export target of 13.3 million bales won’t be reached.

The long term picture for cotton looks negative but we still are looking at a very empty pipeline in the U.S. until new crop arrives. Since most of the lower valley South Texas crop was lost, we will have to wait till late Sept/Oct to get our hands on the new crop.

The inverted market shows how much demand there is already for Dec’13 cotton and with hardly any cert stocks, that will probably only get worse. We are still going through a very friendly commodity and equity cycle for the third quarter and this will probably continue.

Looking at the wedge pattern based Z’13 on page 2 the momentum would point to another test of the high side as the USD stays under pressure.


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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