Not since Van Lingel Mungo threw his last pitch for the Brooklyn Dodgers had the cotton market seen a curve as sharp as that thrown by the Foreign Agricultural Service (FAS), USDA in the February WASDE report.  As cotton sales and shipments zoomed higher USDA lowered its already industry lagging export estimate from 14.8 to 14.5 million bales.  For their reputation I hope they are correct and I am wrong.  For the U.S. cotton grower, I do hope they are incorrect. I am already very ...

Driven by tightening world stocks and led by an ever increasing world consumption, cotton prices continue to move higher.  The nearby March contract settled the week 73.28 with the 2018 July at 74.05.  Export demand continues to drive the market as US growths are the most price competitive in the world.  U.S. merchants and cooperatives continue their very aggressive basis offers to mills as mills add to their near record pace of on-call sales.  The backdrop behind the expandi...

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...

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...