Home / Knowledge / News / Textiles / Cotton futures hit above average volumes
Cotton futures hit above average volumes
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:


Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Anshul Sood

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

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Steve Cole
Xerium Technologies

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

Giorgio Mantovani
Corman S.p.A

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

Suresh Patel
Sidwin Fabric

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

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

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