Cotton Remains Around 72 cts Awaiting US-China Deal

Cotton prices continue the wild swings through a measly 200 points, still trapped in the 73 to 75 cent range and still going almost nowhere until there appears to be a realistic break in the U.S.-China trade tiff.  Rumors persist that a soybean agreement is in the works, but nothing on cotton.  Many feel cotton does not have a supporter in the talks, but one would think any agreement on soybeans would also include a row crops. Thus, prices are still supported in the 72 cent area, ...
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Cotton Prices Strengthen on Re-Opening of US Gov't

As dull as the cotton market has been over the past month, news of a temporary end of the government shutdown has spurred interest in the market.  Likely, most of the excitement goes no deeper than just the idea that USDA’s role of collecting and disseminating data will again begin. Finally verifiable data about market fundamentals will be available to offer suggestions of market direction and speed of market price reaction.  While one should not assume the end of the shutdown is...
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Hope of US-China Trade Deal Supports Cotton Prices

Cotton futures flirted with 74 cents all week, basis the nearby March contract and climbed as high as 74.66 on Friday (Jan 18, 2019) trading.  The bulls pushed the market rumor that China was receptive to a trade package that included a long term annual one trillion dollar purchase of U.S. goods.  Such a package would eliminate the entire U.S. trade deficit with China by the end of the U.S. Administration’s second term, 2024.  Trade talk rumors and rumors of export sales con...
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Cotton Prices Dip on Trade Uncertainties

Market activity continues to be handcuffed by the U.S.-China trade dispute.  Chinese textiles and apparel products continue their aggressive flow into the U.S. while China buys very-very little U.S. raw cotton.  Thus, most cotton apparel goods purchased by the U.S. consumer are manufactured from foreign grown cotton.  That is, the U.S. is the world’s major importer of Chinese apparel goods.   Too, it is becoming more evident that the U.S. cotton industry and the co...
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Cotton Prices Poised to Rise; Tariffs Could Thwart That

So the Hunt brothers tried to corner the silver market and Ned Cook knew he had the cornered the soybean market.  Both had the fundamentals down pat and were absolutely correct.  Their trades were a cinch for huge profit.  Their analysis was correct.   The problem was that both ran out of margin call funds before their trading strategy proved to be correct.   Both took massive loses and even a bankruptcy.  As deep as their pockets were, they were forced ou...
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Cotton Prices Await Clear Sign from China

The great fundamental that wreaks havoc on any market did just that to the cotton market all week.  That ole market adage, “when you go to bed with the government you usually get more than a good night’s sleep,” was the primary market factor all week.  The market was up 100 to 200 points one day then down near the same the next.  However, prices did end the week with a strong uptick, almost touching 81 cents and closing the week above 80 cents.  The technica...
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Cotton Prices Slide Reflecting Market Uncertainty

Last week’s incredibly bullish world supply demand report seemed to depress the market all week. The old adage of a bearish response to a seemingly bullish report possibly spells doom for the market.  Nevertheless, I wavered, I flipped and I flopped and the market was met with lower prices almost every day and the weekly settlement was 76.12, basis December. Market leadership will switch to the March contract Monday as the December contract goes first notice day.  Inter...
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Luthai:  Becoming the World’s Biggest Yarn-Dyed Mill

Luthai: Becoming the World’s Biggest Yarn-Dyed Mill

Requests for shorter lead times, higher quality, and more innovation are raising competitive standards even higher. Luthai Textile Co. Limited is tackling these challenges head on – and winning!  The China-based company is a specialist in 100% yarn-dyed fabrics, of which 70% are all cotton and the rest are blends with high-end fibers such as cotton/wool, cotton/cashmere, and cotton/linen. Today, Luthai is the world’s largest producer of yarn-dyed fabrics, as well ...
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Bros: The Go-To Resouce for Mélange Yarns

Bros: The Go-To Resouce for Mélange Yarns

When buyers need mélange (heather) yarn the first place they go is to Bros Eastern Co. Ltd., a specialist in this product. “We only make mélange yarn so we can really focus on making a great product – and then continue to improve it,” said Kevin Yang, Vice President. Products like Bros’ space dyed-like heather yarn, marl effects, neps effects, and denim-looking heather yarns are keeping heather yarns fresh.  The mélange yarn is availabl...
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Cotton Prices Get Pinched; Tariffs Are Blamed

B B King again sounds out, The Thrill is Gone. The November supply demand report shoveled out enough new information to send the market limit up.  Yet, two days after the report the market floundered and slid into the low 78 cent area, much like the response to a bearish report.  Such is the impact of the cotton tariff battle with China.  Raw cotton, that is “bales of cotton,” continue to get hammered via price while Chinese cotton textile goods, manufactured from non ...
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