Home / Knowledge / News / Textiles / Big changes in the cotton S&D numbers
Big changes in the cotton S&D numbers
Feb '08
Markets overnight in Asia were taking profits in front of the long holiday for Chinese New Year starting tomorrow. Europe managed to stay mostly unchanged and even the U.S. markets opened higher until a member of the Federal Reserve made a comment in the afternoon about the difficulty to lower interest rates further with the growing threat of inflation.

This put the market on the defensive and erased the earlier gains and pushed the market to new lows. Cotton also made a rally early and found buy stops above the sideways trading range we have been locked in for several days. However, the gap near 70 cents above the market held strong as the soybeans and corn also tried to follow and set new highs, but were unable.

Volume was above average with 44,000 futures and 23,000 options as we prepare for the large hedge funds to start rolling the H'08 with over 100k in open interest and only 11 trading days until first notice day.

The action in cotton today, made the bears more comfortable that we may have put in a high short term as the upside resistance at 70 cents seems strong enough to hold up and we may go back and test the downside of the range. We are expecting an average export sales report tomorrow possibly between 200/300k with 200/250k in shipments.

However, the big news will be coming out on Friday and even though we are not expecting any big changes in the cotton S&D numbers, the grains will be much more important, just like they werelast month. The acreage report will not come out until after the close on Friday which will also be a big factor next week.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search