Home / Knowledge / News / Textiles / Cotton certified stocks are rising
Cotton certified stocks are rising
27
Jun '08
What a day for commodities across the board which fed on negative reports out of the financial sector and eventually snowballed 3% lower on record oil prices. After setting a new intraday high, the stock market reached the lowest levels since September 11th, 2006.

Volume was estimated at 14,000 futures and 10,000 options as cotton was one of the few commodities not to participate in the strong rally across the board.

There seems to be some positioning for next weeks acreage report on Monday where we will see some cut backs in acreage. However, the export sales today was a seasonal low with only 20,000 bales and exports were in line with the 4 week average at
280k.

Cert stocks keep rising and demand is very weak, but we cannot deny the momentum is pouring into commodities and will have to see if they can keep this going tomorrow as cotton has strong upside resistance.

Technically, the market is struggling to close above 82 cents even after such a strong rally across the board today. Oil is obviously the most important factor short term as the equity markets will continue to weaken and give strength to commodities if this rally continues.

Cotton will continue to follow the other commodities prices as the dollar and equity markets struggle, but our market is finding good resistance at these levels and will have to wait and see if it can break through or we eventually go lower.

At the moment, demand is dead, cert stocks are rising but we are seeing a rebound in the commodity sector which could set us up for more upside.

Click here to view more:

ECOM USA Inc

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson
TissueGen

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

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

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
March 2017

March 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