Home / Knowledge / News / Textiles / ICE cotton futures trading remained thin last week
ICE cotton futures trading remained thin last week
29
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.

ECOMUSA Inc

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search