NY cotton futures gained moderately during this shortened trading week after settling the lowest in a month on Friday last week out of demand concerns.
NY cotton futures gained moderately during this shortened trading week after settling the lowest in a month on Friday last week out of demand concerns#
May contract settled at 90.17usc/lb today, up 115 points from a week ago.
NY cotton futures gained moderately during this shortened trading week after settling the lowest in a month on Friday last week out of demand concerns#
We are three trading sessions away from May first notice day with its open interest currently standing at less than 19k contracts as of yesterday, and liquidation of the spot month is under way in an orderly manner.
NY cotton futures gained moderately during this shortened trading week after settling the lowest in a month on Friday last week out of demand concerns#
The K/N spreads widened to over 200 points in carry today and spread trading continues at a good pace.
NY cotton futures gained moderately during this shortened trading week after settling the lowest in a month on Friday last week out of demand concerns#
Export report saw an improvement than a week ago with 95k running bales in sales upland and Pima combined. Shipments continue to be decent at close to 300k running bales.
NY cotton futures gained moderately during this shortened trading week after settling the lowest in a month on Friday last week out of demand concerns#
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