Home / Knowledge / News / Textiles / USDA cotton export report shows solid sales
USDA cotton export report shows solid sales
19
Jul '14
There was a lot of talk in the market this week about death, dead cat bounces, flat lining, etc. Well, honestly it was a dead market. The range was tight with only a 38 point drop from last Friday’s settle and volumes weren’t very big at all. And it seemed like not much could move the market. 
 
The USDA export report showed solid sales, revealing that mills are very interested in buying at these levels for prompt delivery (if they can find some) as well as for new crop with Sep-Mar deliveries. Trade futures purchases were offset by the specs reducing longs/increasing shorts. It is hard to get a bounce when the ones with the money are selling the futures. 
 
Unfortunately for the producer, they’ve got themselves in a bit of a bind with more and more cotton to sell but prices that don’t appeal. Hope kills and it looks like hoping for the 85 cent range has cost some farmers a ton of money.
 
So where do we go from here? A lot hangs in the hands of the specs in the short run and the farmers in the medium run. Specs may start to get the picture that the market is oversold given the lack of U.S. old crop that is available, which may cause them to start taking their profits on their shorts. 
 
But they know just as well, or not better, that the trend is their friend. Farmers won’t be left for dead. They will fight for time by using the loan, which could make cotton availability tight for the first few months on the new season, potentially driving up prices. Risk managers may just suggest getting out of December as fast as possible.
 

ECOMUSA


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Smita Murarka
Amanté

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

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Madhu Jain
Madhu Jain

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> 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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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