Decline in World Stocks Supports Cotton Prices

While the U.S. crop was judged higher, as was U.S. carryover, the more important decline in world stocks led the market higher. Thus, as expected, the long held five cent trading range 65-70 (+/-) cents will continue, most likely into the December supply demand report on December 12, 2017. Further, there is presently little reason to expect the very tight 67-70 cent range to be broken, other than such a narrow range is typically short lived.
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Cotton Prices Supported by Strong Global Demand

The big BEAR crop in the U.S. and around the world just cannot push New York lower.  The trading range continues, but most of the activity is occurring in the upper end of the range, 67-70 cents.  Nevertheless, the 65 -70 cent +/- range has held forth for months.  The market has endured three hurricanes, an early freeze, a basket full of media reports of ending doom, and comments of weak economies around the world.  Yet, world cotton consumption just keeps growing and carryov...
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Program Cultivates Local Technical Talent

Program Cultivates Local Technical Talent

Textile companies are finding it is increasingly costly to send technician from their headquarters to multiple countries around the world to solve production problems. However, the developing countries where most of today’s textiles and apparel is produced are desperately in need of more skilled technicians. Ideally, companies would like to hire local talent rather than recruiting from overseas, people who are comfortable working and living in the country – and will want to stay and grow with...
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Invista Sells Apparel & Advanced Textiles Business to Shandong Ruiyi

INVISTA, one of the world’s largest integrated producers of chemical intermediates, polymers and fibers, has agreed to sell its Apparel & Advanced Textiles business to Chinese textile giant, Shandong Ruyi. The deal is expected to be closed by mid-2018, the purchase price is undisclosed, according to INVISTA. The transaction includes:INVISTA’s portfolio of apparel-focused fibers and brands including LYCRA fiber, LYCRA HyFit fiber, COOLMAX fiber, THERMOLITE fiber and insulatio...
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India's New Cotton Policy Pushes Prices Higher

News of the Indian government’s plan to keep more of the country’s cotton in country for domestic use shot prices higher on Monday and the market was able to hold about half of that 250 plus point leap all week.  The news sent Indian prices higher and positioned the U.S. as the most competitive crop available on the world market, both ideas that sent the cotton bulls to the Board on a buying spree.  Open interest moved higher for the first time in several weeks and talk of ...
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Cotton Settles at a Two-Month Low

Cotton prices were on their heels all week defending the 67 cent area and settled the week at 66.88 cents.  This was the lowest settlement since August 16.  Merchants continued their attempts of forcing carry in the futures market and have all but succeeded.  The nearby March futures contract is only 11 points below the spot December.  The export sales report appeared to be distorted. With harvest lows now being established at mid October, the door has opened for a challenge ...
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Cotton Pushes Price Ceiling Up to 72 cts

After finding the USDA October supply demand repot initially bearish, cotton prices rebounded on the idea of stronger demand and significant questions with respect to the size of both the U.S. and foreign crops.  Indian prices were very strong and seller offering was scant.  Once that realization soaked in the market was left with little to do other than ease higher.  As was discussed in prior weeks improved demand has been expected and the U.S. crop was thought to be lower, as wa...
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Cotton: 65-70 cts Trading Range to Continue

Cotton prices were momentarily excited this week as initial projections had tropical storm Nate headed for the heart of the big Georgia crop as well as the central/southern portion the Alabama crop.  Once that changed the market fell back to protecting its 68 cent base building efforts.  Yet, threats of a drop to the 67 cent level cannot be discounted as the five cent, 65-70 cent range will continue be worked.  As stated last week the price bias remains lower, down to the 65 cent ...
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Cotton Prices Hold at 69 cts

Cotton prices kept their grip on 69 cents, basis December during the week, but short term signals and long term fundamentals continue to favor the market testing its 65 cent price support.  While the market does have a few bullish factors on its side, the realization of a 119-121 million bale crop is expected to keep the bull fighting for every point it can muster.  The October contract moved to first notice today without any fanfare.  The potential for a price squeeze held the on...
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Hurricane Fails to Drive Up Cotton Prices

This is a tough one.  While losing some 700 points from the hurricane driven high, December futures are still hovering near 69 cents and attempting to dig in its heels.  Its efforts will prove fruitless I predict.   The real work will have to the done once the market tests its long term price support at 65 cents.  Further down is the excellent support at 62 cents.  How dare I speak of prices in the low 60’s?  Okay, let talk about the high 50’s then....
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