Home / Knowledge / News / Textiles / Cotton prices in May run all way down

Cotton prices in May run all way down

Apr '07
Cotton futures began the day under pressure on the screen, as cross commodity weakness looked to take an early toll. After a bearish acreage number on Friday morning, the corn market had not only locked limit down on Friday, but was locked limit down on the screens last night.

This continued weakness was a notable concern, as without having planted, the US farmers can still opt out of corn intentions and into Cotton, however economically unlikely that still must be. The open outcry session opened with Cotton trading around 20 lower initially, however there was quite a lot of early pressure from locals in particular who had bought the opening, and soon the market was trading into waiting spec sell stops beneath the Friday lows as 53.20.

Prices in May ran all the way down to 52.77 before support held things together, mostly in the form of commercial sale fixations. Prices staged something of a rally at this point, which coincided with a 30 cent rally in the Soybean market. The spreads had continued to widen, narrowed in on the rally and then finished weak with the May/July trading out to 150 July premium late in the session.

May spent much of the second half of the session back in positive territory before some late in the day spec selling took prices back lower to finish with active month losses of 12 points in Dec through to 40 points in May. Estimated volume was again substantial at 42,433 lots.

The ICAC produced their world cotton supply and distribution estimates, with little month on month changes. 06/07 estimates include a global production figure of 116 million bales against 120 million bales consumption. For 2007/08 the group estimate the same production with a 123 million bale consumption, which leads to a drawdown of 5 million bales ending stocks from 52 million this season.

Must ReadView All

Pic: Shutterstock

Textiles | On 16th Sep 2021

Australia, Bangladesh sign Trade and Investment Framework Arrangement

In a recent virtual ceremony, Bangladesh and Australia signed the...

Pic: Ministry of Foreign Affairs, the People's Republic of China

Textiles | On 16th Sep 2021

China urges US to initiate steps to repair damaged bilateral ties

China recently urged the United States to initiate steps to repair...

Pic: Shutterstock

Apparel/Garments | On 16th Sep 2021

Bangladesh seeks 12-year duty-free access to EU after LDC graduation

Bangladesh commerce minister Tipu Munshi is hopeful that the European ...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Hemant Bheda, Arevo

Hemant Bheda

Arevo, based in Silicon Valley in California, develops technology to...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

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


Leave your Comments

September 2021

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

Advanced Search