Home / Knowledge / News / Textiles / Tropical storm Dolly could influence cotton market in coming week
Tropical storm Dolly could influence cotton market in coming week
Jul '08
The commitment reports are continuing to show slight weaknesses. As of Tuesday July 15, non commercials reduced their long positions by 1,154 contracts futures and options combined, and increased their short positions by 4,231 contracts.

Their net long position was thus reduced by 5,385 contracts. Commercials, on the other hand, increased their longs and reduced their shorts to reduce their net shorts by 2,870. Index funds steadily held onto and slightly increased their net long positions.

NYF Monday session was under pressure since open and was also affected by the losses in grains market. However, bullish options dominated today's options pit when futures selling on the screen kept pushing market lower.

The group who bought H'09 100/110 call spreads Friday came in and bought 2,000 lots more at 85 points. They also bought 750 lots Z'08 78 strike calls at 320 points.

More outright calls buying and puts selling were also seen done in the ring. Now is the time that traders are keeping a close eye on any weather news that could possibly influence the market price. According to the GFS model, tropical storm Dolly will make a landfall early Wednesday morning near the mouth of the Rio Grande River.

The heavy rain and strong wind coming with the landfall in South Texas could have negative effect on cotton progress in that area. However, the worst might not be feared since it is currently forecast at category one.

The commodity index started its rally since beginning of June and topped out a month later. Cotton, at the moment and after having lost nearly 10 cents since end of June, seems to have found a comfortable short term sideways trading area.

The trading range is becoming narrower with lower highs and higher lows. This short term range between 72.00 and 74.20 basis Z'08 is likely to hold for the near sessions to come.

Click here to view more:


Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Eric Scholler

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

Marcel Alberts

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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