Home / Knowledge / News / Textiles / ECOM daily cotton market recap - Jan 11, 2007

ECOM daily cotton market recap - Jan 11, 2007

12
Jan '07
It was a quiet, choppy day in New York, with futures mostly pondering tomorrow's USDA supply and demand estimates. The first call was for unchanged, and the ensuing 10 lower March opening was lightly bought by some residual commercial buying as well as some fund buying, which could still be some index fund re-balancing.

For the most part though the spread between March and May was the most attention seeking, tracking in as narrow as 55 points whilst mostly exchanging between 65 and 75 points difference. For the session the front months were confined to a 35 point range for the entire session, trading either side of unchanged for the majority of it. Aside of spread trading there was little to report, with some late fund buying pushing the market to a slight gain in the front 3 months of 3-11 points.

As anticipated, this morning's US export sales and shipments were hardly worth reporting. New sales of just 41,900 upland and 9,000 Pima reflect the lack of competitiveness for US cotton right now. Shipments were not much better with a combined 171,000 upland and Pima bales exiting. At the current rate it is very unlikely that the US will ship out anything remotely close to the USDA target of 16.0 million bales.

Tomorrow at 7.30 CST the USDA will release their monthly supply and demand estimates. A full coverage will take place tomorrow, but for the record we are expecting some slight increases to both the US and world endings stocks, with overall tradebeing reduced.


Must ReadView All

Pic: Shutterstock

Retail | On 30th Jul 2021

Great Britain vacancy rate rises to 14.5% in Q2 2021 from 14.1% in Q1

In the second quarter (Q2) of 2021, the overall Great Britain vacancy ...

Pic: Shutterstock

Textiles | On 30th Jul 2021

Prime Content| Here's why global cotton trade will rise in July-Dec 2021

Global cotton trade is expected to rise in the coming months of 2021...

Pic: Puma

Apparel/Garments | On 30th Jul 2021

German sportswear brand Puma's April-June sales escalate 96%

Puma, one of the world's leading sports brands, reported 95.8 per...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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

Leave your Comments


July 2021

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


Advanced Search