Home / Knowledge / News / Textiles / Cotton export sales below recent weeks average

Cotton export sales below recent weeks average

May '07
Back to normal after some fireworks on Wednesday. We spent the majority of the day in a very narrow range with volume back to the recent average of 17,000 estimated in futures in 10,000 in options. Part of the reason could have been the export sales report which was below the recent weeks average with only 300,000 in sales and shipments of only 305,000.

This is way below what we need to average through July to reach the USDA number of 13.25 million bales. Weather is still a concern in Texas with wet cool conditions and the hot dry weather in Georgia is not getting better. This may give the bulls some fuel long term, but in the meantime we should see strong scale up trade selling.

The market was unable to break 50 cents in N'07 and we traded the majority of the day around 49.50 c/lb. Along with the blending of the A index and the stronger market, the Indian quote went nominal today which will allow the higher Brazilian quote to enter the equation and give more incentive to redeem large amounts of loan cotton.

Technically, the picture is looking much better and the specs may try to give the buy side a try. However, if they run into heavy trade selling along the way, they might change their mind. We will keep an eye on it as we approach FND as the spread between July and Dec has been under pressure recently.

Cert stocks are holding steady above 700,000 bales and we will wait a few more days to see if we can take this rally to the next level.

Click here to view graphical presentation:


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Sep 2021

UK again delays post-Brexit import trade controls

The United Kingdom has again delayed the implementation of some...

Pic: Shutterstock

Retail | On 17th Sep 2021

American retailers oppose business tax rate increases

The National Retail Federation (NRF) has opposed the proposed...

Pic: Shutterstock

Apparel/Garments | On 17th Sep 2021

Bangladesh looking to boost man-made fibre apparel exports: TexPro

Bangladesh is looking to focus on the man-made fibre apparel market...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

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

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Hemant Bheda, Arevo

Hemant Bheda

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

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar

<b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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