Cotton #2 Jul '19 (CTN19)
Cotton #2 Futures Market News and Commentary
Cotton price action is up 14 to 25 points early on Monday. Futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index was $0.104 lower at $98.485. Crude oil is back up $7.71 last morning, as risk is being put back in the market following the breakdown of US/Iran negotiations this weekend. The US is now expected to have their own blockade of the Strait of Hormuz starting this morning to try and cut off the flow of oil out of Iran.Â
Managed money was slashing another 10,206 contracts from their net short in cotton futures and options in the week of April 7. That took their near record (in mid-February) net short to just net short 2,020 contracts.
USDA’s Export Sales report now has cotton export commitments at 10.25 million RB, down just 2% from last year. That is 91% of the USDA export forecasts and lags the average of 99%. Shipments are now above last year at this point at 6.403 million R... Read more
Barchart 1 hour ago
Cotton price action is up 14 to 25 points early on Monday. Futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May...
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Barchart Fri Apr 10, 5:34PM CDT
Cotton futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index...
Barchart Fri Apr 10, 1:33PM CDT
May NY world sugar #11 (SBK26 ) on Friday closed down -0.11 (-1.22%), and May London ICE white sugar #5 (SWK26 ) closed down -1.30 (-0.31%). Sugar prices...
Barchart Fri Apr 10, 1:32PM CDT
May ICE NY cocoa (CCK26 ) on Friday closed up +84 (+2.66%), and May ICE London cocoa #7 (CAK26 ) closed up +56 (+2.37%). Cocoa prices settled higher on...
Barchart Fri Apr 10, 1:30PM CDT
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Barchart 6 minutes ago
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