Home / Knowledge / News / Textiles / ICE Cotton futures gains over 100 pts this week
ICE Cotton futures gains over 100 pts this week
May '14
ICE Cotton futures gained over 100 pts this week basis the N4 as a fall on Monday was offset the following session. The most surprising feature of the week was the large increase in N4 OI (+9,850 lots) this week, most of which entered the market on Tuesday’s bounce. 
Cert stocks have climbed to nearly 330k bales and US export sales this week were weak, as expected. With demand weak, this trend should continue in coming weeks. In new crop, Texas is yet to receive needed rain, an overabundance of precipitation in the Memphis territory, and planting progress 5% below the 5-year average. 
It remains to be seen how long new crop futures can continue to see an uninterrupted flow of supportive developments, but for the time being the market looks well supported. Next week sees the May WASDE release on Friday.
Despite disappointing US GDP growth in Q1 of only 0.1%, April jobs growth of 288k new jobs was far above expectations and strong enough to lower the unemployment rate to 6.3%. This was below the Fed’s original target, prior to it being removed earlier this year, but the labor force participation rate continued falling and the USD failed to gain against most crosses. Treasuries have rallied of late and rates are still expected to remain low for the foreseeable future. Equities are near the record-highs touched this week – more of the same so far this year.


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh Patel
Sidwin Fabric

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search