Home / Knowledge / News / Textiles / Cotton futures tests and sets new highs
Cotton futures tests and sets new highs
03
Apr '09
After a small correction yesterday, the cotton market used the momentum in the equity markets to test the highs from yesterday and set new ones. The better than expected export sales report was a big reason for the continued bullish trend in cotton as well as grains.

Energy also bounced back today as gold, the dollar and treasuries suffered as fears diminish and money starts to move back into riskier investments. Volume was below the weekly average but still a respectable 16,000 futures and 6,000 options as open interest keeps moving higher.

Export sales of 400k was better than expected and adds to a very impressive off take from the U.S over the last 6 weeks of 2 mb's while NY futures have traded in the sub 45 price range.

Even more impressive was the 300k in shipments which was way above the 4 week average and if this number can maintain this level a few more weeks, we will have a good shot at hitting the USDA 12 mb export projection. Expect the same trend to stay in place as long as the equity markets can keep this rally going with commercial scale up selling above and good scale down buying from the specs.

Click here to view more:

ECOM USA Inc

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Marcel Alberts
Eurofibers

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

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

Igor Chapurin
Chapurin

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

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


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