Home / Knowledge / News / Textiles / Narrow trading in cotton market
Narrow trading in cotton market
Mar '09
Wednesday early morning trading was slow, which set up a narrow trading range of 30 points in NYF cotton. Prices dropped during the late session influenced by the weak outside commodities market. We are still holding the sideways trading range between 40 to 45 cents basis May 09, and volume picked up when some bottom picking came in at today's low.

Cotton eventually traded off the low and closed at around today's mid range. Open interest is steadily rising, but we will need more positive news to be able to break through the upper limit.

Amid the AIG hearing, the stock market saw some fireworks after Fed announced that the interest rate is kept unchanged and that it will buy Treasurys to help open up the credit market. Dow Jones index rallied to trade well above 7,500 in response to the news, and the dollar index dropped sharply to under 85. The sharp loss in dollar index should help push the commodities prices higher.

Click here to view more:


Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Marten Alkhagen
Swerea IVF AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Sonam & Paras Modi

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

Mike Hoffman
Gildan Activewear SRL

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search