Home / Knowledge / News / Textiles / Weather uncertainty creeps in to cotton market
Weather uncertainty creeps in to cotton market
17
May '08
That is a good description for the cotton market as I wade through the waterlogged Midsouth. Cotton prices continue to reflect the burdensome carryover both in the U.S. and around the world. The 70-73 cent level, basis July will likely be the primary trading area for another month.

Yet, a test of 68 cents is in the works, just as is touch of 74 cents. Currently, the market is attempting a seasonal rally that could challenge the 74 cent mark. However, export sales begin to disappear as July moves above 72 cents. December is positioning itself to begin to gain on the July contract. Weather uncertainty is beginning to creep in to the market picture.

The seasonals moved July higher on early Friday trading as mills came in for more buying when July slipped to 69.55 on Thursday. To date, mill demand has kept July from moving lower as every attempt to break below 69 cents was met with excellent buying.

Yet, short staple cotton has suffered from lack of demand as more and more mills are looking to spin quality yarn. West Texas, once the world capital of short staple cotton, has transformed itself to one of the world's premiere quality growing areas.

While export sales picked up late this week, the prior week's sales slumped as July had hovered near 72 cents and above. Actually, the level of sales and principal locations were very similar to sales made in the third week of April. Sales lagged during the week ending May 5, 2008 as mills held firm on bids only below 71 cents. Net sales totaled only 231,500 RB.


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


August 2018

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

news category


Related Categories:

Advanced Search