Home / Knowledge / News / Textiles / Cotton futures hit above average volumes
Cotton futures hit above average volumes
01
Apr '09
Very strong day across the board for commodities and equities as the strength started on the new opening time last night at 9:30 EST. Grains and cotton closed strong heading into the much anticipated USDA acreage report.

Ironically, cotton came in on the high side of the range at 8.8 million acres, but the rally did not fail as buy stops were hit and the market moved higher into scale up trade selling. The volume was way above average with 36,000 futures and 15,000 options as the specs probably increased their long position into positive territory today.

The AWP for next week is rising but not as quickly so there is good selling pressure over the market at these levels and this should continue. The equity markets and commodities look like they have the technical momentum to carry higher in the short term.

We will more than likely see a slow down in demand at these levels and this will eventually turn the fundamentals more bearish. Technically in the short term, the testing of the highs should continue.

Click here to view more:

ECOM USA Inc

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

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

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
January 2017

January 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