Home / Knowledge / News / Textiles / Cotton closes 50 pts higher
Cotton closes 50 pts higher
Jan '08
One word can explain what happened to the cotton market today.....CORN! The USDA reports were released today and as far as cotton, wheat and soybeans the changes were neutral to friendly based on the S&D numbers.

However, corn's world ending stocks fell almost 10% from last month and it was almost all related to the changes in the United States with cuts in production and rises in feed and domestic use contributing to lower ending stocks by over 9 million bushels or 25%!

Along with the President signing the new energy bill calling for higher levels of corn based ethanol and poor growing conditions in the Southern Hemisphere, corn locked up the limit (20 cents) on the open and was trading synthetically 40 cents higher than that in the options market.

Volume was above average with 48,000 futures and 46,000 options. The USDA cotton report was fairly unchanged and we attached a summary of the highlights on page 2. However, after two solid pull backs on weak fundamentals which created a negative technical picture, corn managed to drag everything to limit or near limit levels in cotton, soybeans (50 cents) and wheat (30 cents) with cotton actually closing 50 pts higher synthetically.

We are entering a new era of commodity trading and this can be contributed to several factors including the introduction of the ICE electronic trading platform which has exposed cotton to a new world of commodity hedge funds. The neutral to bearish fundamental picture in cotton is not able to resist the record breaking contribution from these new investors.

Must ReadView All

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Victor Chao

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Marten Alkhagen
Swerea IVF AB

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

February 2017

February 2017

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


Browse Our Archives


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