Imprima Acquires City Prints & Premier Fabrics

IMPRIMA S.p.A. has acquired  City Prints and sister company Premier Fabrics, both American companies specialised in printed textiles. Imprima, controlled by Wise SGR through the Italian private equity fund Wisequity, now strengthens its strategic positioning, consolidating its global presence as a leading player in the field of printing and textile finishing for international retailers and fashion brands. City Prints and Premier Fabrics, founded in 1997 and headquartered in New Yo...
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WASDE Predicts Declining Exports; Insiders Disagree

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 ...
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Cotton Sees Price Correction, Could Rebound

Slice it, dice it or spice it, crow has a certain taste that only the few who have eaten it recognize its distinct flavor.  I thought I had gotten the taste out of my mouth earlier in the week, but it seems I will taste it all weekend.  If you are unsure whether I have received any, trust me, FEDEX has worn a path through my yard.  I am sure the postal employees will rut it out this weekend with Amazon deliveries.  So, what went wrong?  First, obviously my market analysi...
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H&M Launches Bargain-Hunting Marketplace

H&M (Sweden) will launch Afound, a marketplace that the company has dubbed a “style- and deal-hunting paradise” selling discounted fashion and lifestyle products. The retail concept will feature  both external and the H&M group’s own brands, offering a wide range of well-known, popular brands for both women and men, the company said in a statement.Afound will present a carefully selected, season-less range from Swedish and international brands in a variety of price...
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Cotton Prices Retreat, Preparing for Next Bull Run

“Here we go again, catch us if you can,” is a lyric from the 1965 hit song, Catch Us if You Can, and it reminds us of current trading in cotton as the market sulks back to 80 cents as it consolidates and prepares for its next charge toward 85 cents.  The breakout above 80 cents continues to build its base building in the very low 80’s as it prepares for the next challenge to break above the 85 cent level. Export sales and the textile mills affinity for kicking the price ma...
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Rising Cotton Prices Could Break 85 cts

Like the legendary Icarus the cotton market has spread its wings and continues to climb.  The good news for cotton is that prices are climbing into the clouds without any fear of the Sun’s heat melting its wings.  On-call sales rose again this week as the market twice exceeded the open interest record that had been established a decade back in March 2008.   Increased on-call sales, coupled with higher prices and accompanied by increasing open interest, is a simple path ...
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Cotton prices push above 82 cts on strong demand

Bullish activity engulfed the cotton market all week despite USDA’s Friday very neutral world supply demand report. After enjoying a limit up move, the market was expecting USDA to finally come to grips with its India database.   Such was not the case and despite a marginally lower forecast for both U.S. and world ending stocks, cotton prices suffered a near one cent loss.  The two month long bullish movement has taken prices to new highs for the season and despite the USDA ...
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Cotton market remains bullish as prices inch higher

The cotton market, just like a year ago, continues to demonstrate its desire to move higher.  Technicians call the market a strong buy, but the trader in me says it is time for some price cleansing.  Prices eased above the psychologically important 80 cent level, basis the March contract this past week, but settled the just below 78 cents.  Despite the price advance, U.S. growths remain the most competitively priced cotton on the market and export demand is strong.  However, ...
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World Demand Keeps Cotton in the 72-76 cts Range

With apologies to Mr. Rogers, It’s a wonderful day in the neighborhood and the cotton market has been mine.  What a roll.  Despite the bearish interpretation of the past two WASDE reports, price action on ICE has clearly demonstrated that price decisions should be focused on the declining level of world stocks and the ever increasing world demand.  Yet, it is difficult not to focus on “today’s” fundamentals suggesting on the big U.S. carryover.   ...
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Cotton prices inch up to 70.5-71 cts level

The long awaited rally above 70 cents appeared to mature this week as the March contract has gained five cents just since November.  I am reminded of my friend that sold his cotton in November and then commented that the market would now go up.  It did and prices have continued to move higher.  Most growers are thankful for him finally pulling the pricing trigger.  This was a significant week as the market continued to build on its price consolidation phase, cleansed itself o...
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