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 ...

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 ...

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, ...

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.   ...

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...

A lot has changed since Black Friday first rolled out as a one-day shopping bonanza to kick off the run up to Christmas.  Today, Black Friday has become a season, starting mid-November and running well past Cyber Monday.Consumers' mindset has also changed.  People are now buying less, researching more, and are well aware that the discounts are likely to get deeper as we inch closer to Christmas. Here's what's changed:THEN:  Big discounts lured people to buy lots o...

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...

Starting December 4, companies can register for the new Higg FEM, a tool that makes measuring sustainable performance easier and more efficient.

Marine Veillon has been named Managing Director for Eurovet Asia, which organizes international trade fairs for the intimate apparel, bodywear, activewear and swimwear markets in both Shanghai and Hong Kong. The appointment is effective as of November 24, 2017.Ms. Veillon succeeds Delphine Nguyen who was Managing Director Eurovet Asia for the past seven years.For the past seven years, Ms. Veillon was based in Shanghai and was in charge of business development and acquisitions in Southeast Asia f...

Farfetch's (UK) soaring revenues came at a cost to profits. Net loss widened to $44 million compared with $36 million last year,  while revenue grew 74 percent to $198 million for the year ending December 31, 2017.Operating loss was $32 million and loss on an EBITDA basis was down to $28.6 million compared to $30 million last year.The company said that the value of goods sold on its online platform increased to around $720 million, while its gross merchandise value jumped almost 81 perc...