Home / Knowledge / News / Textiles / Cotton sales & exports this week may show decrease

Cotton sales & exports this week may show decrease

May '07
Another unusually quiet day in the cotton pit as the good weather in NY must be keeping the locals on the golf course. With the May delivery behind us and so many spring holidays, it seems that even the mills are taking a few days to rest. This is very unusual considering that we are less than 100 pts from contract lows.

Looking at the chart, we still have not been able to close above the 49.00 level and fill in that gap in N'07. Another sideways day, which was good, but still hard to get too excited as bearish option still control a good percentage of the activity. Combined futures were estimated at 9,000 lots and options were over 10,000.

We are expecting a small increase again tomorrow in the spec short position and we are also expecting very few changes with the May USDA forecast coming out on Friday. The sales and exports this week will probably show another decrease in sales with shipments staying steady.

Business just does not seem to be knocking down the door, but it is steady from all growths. Plantings are still behind schedule as wet cool weather in West Texas as well as dry conditions in the South have kept producers back, but this is starting to change. As of May 6, 2007, we are showing 32% planted compared to 42% last year and 38% for the five year average.

Technically the moving averages still are far apart, but the RSI continues to be signaling an oversold market and the continuous spot month chart is showing a double bottom considering where May reached this week near 46 cents.

Oil and grains were all lower today as the equity markets continue to move higher. The cotton market still has some work to do, but this sideways action recently is helping. We need to break through 49.00 cents, fill the gap and hold it for a few days, but that might take a few more days.

Click to view graphical presentation:


Must ReadView All

European Commission proposes new EU GSP for 2024-2034 period

Textiles | On 24th Sep 2021

European Commission proposes new EU GSP for 2024-2034 period

The European Commission recently adopted the legislative proposal for ...


Press Release | On 24th Sep 2021

EURATEX president Paccanelli urges for support to tackle energy crisis

European Apparel and Textile Confederation (EURATEX) has announced...

Pic: Shutterstock

Apparel/Garments | On 24th Sep 2021

UK competition watchdog to crack down on green fashion claims

To help businesses understand how to communicate their green...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

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

Extension of RoSCTL to boost textile exports

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<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


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