By: Sterling Terrell
Price
July ended the week at: 85.96
December ended the week at: 77.47
July ended the week at: 85.96
December ended the week at: 77.47
News
Friday, USDA reported Weekly US Export Sales.
Net Upland sales were 61,000RB for 2013/2014 – down 83% from the previous week.
Net Upland sales of 114,300RB were reported for 2014/2015.
Friday, USDA reported Weekly US Export Sales.
Net Upland sales were 61,000RB for 2013/2014 – down 83% from the previous week.
Net Upland sales of 114,300RB were reported for 2014/2015.
Current World Balance Sheet (2014/2015)
Beginning Stocks: 97.9 (million 480 lb. bales)
Production: 115.5
Supply: 213.4
Mill Use: 111.8
Ending Stocks: 101.7
Stocks/Use Ratio: 90.9%
Production: 115.5
Supply: 213.4
Mill Use: 111.8
Ending Stocks: 101.7
Stocks/Use Ratio: 90.9%
Commitments of Traders (Contracts of 50,000 lbs.)
Long Short
Producer / Merchant: 27,106 115,546
Swap Dealers: 51,787 6,723
Managed Money: 54,777 17,173
Other: 15,251 11,594
Swap Dealers: 51,787 6,723
Managed Money: 54,777 17,173
Other: 15,251 11,594
View: Bearish