>>
Home / Knowledge / News / Textiles / Market expects to shift from neutral to bearish today

Market expects to shift from neutral to bearish today

09
Apr '08
Tuesday session was generally weak but holding well considering the market anticipation of a bearish USDA S&D report tomorrow. Overnight ICE opened slightly lower and traded sideways in the early morning session. Chicago grains market opened at around neutral level from last night's close and gained slight margin during the session.

Cotton, on the other hand, traded steadily lower to create today's low at mid 71 cents on K'08 and lower 75 cents on N'08. Market then quickly turned direction on very light volume and gained part of the ground that it had lost. Some bullish options in the pit on December contract 90/110 call spreads also supported the bounce up movement.

The USDA S&D report to be released tomorrow morning is expected to be neutral to bearish. The general anticipation is in decreased U.S. exports and increased production numbers, which leaves a higher ending stock level.

The appreciating Chinese dollars are hurting the textile mill's profit margin, thus their ability to import the U.S. cotton, which is relatively more expensive than other growths. There is also news that production countries like Pakistan are working to improve their production ability. The effect of the report on the market, however, is uncertain, since NYF has not been trading on fundamentals.

Technically, we are trading in consolidation ahead of the USDA S&D report to be released tomorrow morning. Cotton offers have switched to N'08 and on the second day ofthe rolling by the large index funds, spread trading has dominated today's futures activities.

The N'08 chart on page 2 in attached PDF shows that we are still trading within the long term up channel. We could continue to trade sideways short term, but the growing cert stocks and neutral grains prices could add pressure to the market. The total cert stocks have reached just over one million bales including 81,000 bales awaiting review.

Click here to view more:

ECOM USA Inc


Must ReadView All

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Pic: Shutterstock

Retail | On 26th May 2022

American retailer Abercrombie & Fitch posts $813 mn sales in Q1 FY22

The net sales of Abercrombie & Fitch Co. were $813 million in the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Henry Krause,

Henry Krause

<font color="#333333" face="Arial, sans-serif">Polygiene is a market...

Ankur Bhatia,

Ankur Bhatia

Columbia Sportswear Company connects active people with their passions...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Maria Camila Giraldo, Brand - Pam & Gela

Maria Camila Giraldo
Brand - Pam & Gela

Maria Camila Giraldo is a Colombian actress, writer and entrepreneur...

Meghana Goyal, Label - Summer Somewhere

Meghana Goyal
Label - Summer Somewhere

Summer Somewhere is a conscious clothing brand designed for every girl 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

ESTEEMED CLIENTS

COTTON COUNCIL INTERNATIONAL
Vianney Textil Hogar S.A. De C.V.
China World International Exhibition Company Limited
Eurofins BLC Leather Technology Centre Ltd
International Sourcing Expo Australia
N9 World Technologies Private Limited
Rayonese Textile Inc., Division de Culp Inc.
MAS Active / MAS Kreeda / MAS Bodyline
DyStar India Pvt. Ltd
X-Rite Asia Pacific Limited (HK)
DuPont de Nemours, Inc.,
Helly Hansen Far East Ltd
Green Fibre
Marzoli Machines Textile s.r.l.
Thai Trade Center
Gatsby Africa
Color Service s.r.l.
Groz-Beckert KG
Midas Clothing Limited
EPCH
Woolmark Services India Pvt. Ltd.
Tory Burch Hong Kong Ltd
Asos
Recron Polyester from Reliance Industries Limited
Datacolor AG Europe
Stahl Holdings B.V.,
Tuyap Tum Fuarcilik Yapim A.S.
The LYCRA Company Singapore  Pte. Ltd
Esprit Europe Services GmbH
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Nandan Denim Limited
Rieter India Private Limited
Lectra Technologies India Pvt Ltd.
Comasia Limited
JES MEDIA, INC
Alix Partners
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
OVS Hong Kong Sourcing Ltd.
CSGIA(China Screen Printing & Graphic Imaging Association)
BRINKMANN GMBH
Alison Hayes Romania
GHCL LIMITED
Meera Dyestuff Industries
Shima Seiki Mfg. Ltd.
Messe Duesseldorf
THE BOMBAY DYEING ;& MFG.CO. LTD
International Textile Manufacturers Federation
UBM China (Shanghai)
Seasalt Limited
Colours India Inc
Savio Macchine Tessili S.P.A.
Lululemon Athletica Inc
Aramark Uniform ;& Career Apparel, LLC
Reiter India Private Limited
The Top Form Brassiere Manufacturing Company Limited
Aleph Srl
Boardriders Asia Sourcing Limited
Lottmann Communications
Equinox Impex India
Sportmaster Ltd.
Amazon China
Copenhagen Fashion Summit
Page Industries Limited (Bangalore)
Calvin Klein
H;&M Hennes ;& Mauritz (Far East) Ltd
IFF Media Ag - International Media Services
IKEA of Sweden AB
Hela Clothing Pvt Ltd
BIANCA
Newtech Textile Technology Development (Shanghai) Company Limited
KIABI
FESPA (Reigate)
Mayer & Cie. GmbH & Co. KG
Walmart
FULGAR SpA
Indofil Industries Limited - Specialty & Performance Chemicals Division
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
ITMA Services Pte Ltd
Guess Europe Sagl,
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Lenzing Aktiengesellschaft - India
Thai Acrylic Fibre Company Limited
Istanbul Fuarcilik A.S.
USTER
Performance Days
Weitmann & Konrad GmbH & Co. KG
Jiangsu Yingyang Nonwoven Machinery Company Limited
Decathlon
Inter Expo Center Ltd.
Rosset ;& Cia Limited
Pt. Peraga Nusantara Jaya Sakti
Desigual - ABASIC, S.A.
Sateri (Jiujiang) Fiber Co.,Ltd
Karl Mayer Textilmaschinenfabrik GmbH
TEXVALLEY MARKET LIMITED
Permoda(Koaj/Armi/Pronto/Bkul)
Restoque S.A.
The LYCRA Company Singapore  Pte. Ltd
Lenzing Aktiengesellschaft
Datatex Consulting Srl
Palexpo SA
IIGM Private Limited
TESCO INTERNATIONAL SOURCING LIMITED
Flainox S.r.l.
C;&A Sourcing International Ltd
Arvind Limited
Loris Bellini S.r.l.
Sainsbury's Argos Asia Limited
Gloria Jeans
Hirdaramani International Export Private Limited
Splash
TESTEX AG, Swiss Textile Testing Institute
Italian Trade Commission
Haelixa AG
Grasim Industries Limited
Indo Tex
Tommy Hilfiger
Abit
Xtema - Thomas Lebherz Textilmaschinen
Gap International Sourcing Limited
Under Armour Global Sourcing Ltd
Groz-Beckert East Asia LLP
BIMBA ;& LOLA SL
SYNERGIES HONG KONG LIMITED
Sportswear Company Spa
Phong Phu international JSC (PPJ)
TÜYAP IHTISAS FUARLARI A.S.
CGS Inc.
Thermore (Far East) Ltd.
Messe Frankfurt Exhibition GmbH
John Varvatos
Aquarelle Clothing Limited
NV Michel Van de Wiele
G.A.S. unternehmenskommunikation gmbh
Etam Group Strategy Hong Kong Limited
Truetzschler India Private Limited
BTSR International S.P.A.
Tradewind International Servicing
Varner AS Retail
Brandix Lanka Limited
Lifestyle
Infor (Hong Kong) Limited
H. Stoll AG & Company KG
Nihalani Events Management
Mesdan SPA
VNU Exhibitions Asia
Coats Digital Limited
Applied DNA Sciences Inc
Recron Polyester from Reliance Industries Limited
EUROVET ASIA LTD
Shanghai  Aige Exhibition Service Co., Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Bluestem Global Sourcing Limited
J ;& P Coats
Benetton Group
K AND D ITMACH EXPOSITIONS LLP
GERBER TECHNOLOGY LTD.
Brückner Trockentechnik GmbH & Co. KG
Chico’ FAS
Jindal Worldwide Limited
Zünd Systemtechnik AG
Taiwan Textile Federation (TTF)
PVH Corporation
Kern – Liebers Textile
ZAITEX spa
Kornit Digital Asia Pacific Ltd
Lisa S.P.A.
Centric Software
BTC Textiles LLC
Target Corporation (MN)
Lacoste (Wanchai)
Chori Company Limited
Huntsman (Singapore) Pte Ltd
Officina Meccanica Dora Enrico Srl
NITI Aayog
Vardhman Textile Ltd
Eastman Chemical Company
LC Waikiki
Tchibo GmbH
Saurer Textile Solutions Pvt. Ltd.
Itema Weaving (India) Private Limited
Dow Silicones Corporation
Landmark Group
Maceton Limited
T.T. Limited
Gokaldas Exports Limited
Zydex Industries
KAS Direct Sourcing
IDH – The Sustainable Trade Initiative
Bluesign Technologies Ag
SHAHI Exports Pvt Ltd
EMBEE CORPORATION
G-Star Raw C.V.
APLF Limited
Cat Tuong Real Estate Group Joint Stock Company
Babyshop
GIOVANNI BOZZETTO S.p.A.
Puma

May 2022

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


Advanced Search