Sterling Terrell

smart ideas from books (mostly)

  • Home
  • About
    • My CV
    • Books
    • Series
  • Newsletter
  • Advertising
  • Tools
You are here: Home / Not Books / Cotton Snapshot – For Week Ending: 6/27/2014

Cotton Snapshot – For Week Ending: 6/27/2014

Cotton Snapshot – For Week Ending: 6/27/2014

Chart:  barchart.com

Notes

Prices eased and then exploded lower this week as export sales fell and certified stocks climbed yet again.  With 10 days till expiration, July open interest has fallen to 2,347 contracts. Open interest for December stands at 119,052.  Conditions Report stated 53% of crop is good to excellent, compared to 51% last week, and 43% last year.  Staying the same as last week, 12% of crop is poor to very poor, compared to 23% last year.  Managed money is net long.  Possible resistance at 72.50.

Price
July ended the week at:  80.73
December ended the week at:  74.73
Stats
ICE Certified Cotton Stocks = 448798
US Net Export Sales of 24,100 RB for 2014/2015 were reported (Honduras was the big buyer at 10,000RB).
Current World Balance Sheet (2014/2015)
Beginning Stocks: 99.0 (million 480 lb. bales)
Production: 115.9
Supply: 214.9
Mill Use:  112.3
Ending Stocks:  102.7
Stocks/Use Ratio:  91.5%
Current USA Balance Sheet (2014/2015)
Beginning Stocks:  2.7 (million 480 lb. bales)
Production: 15.0
Supply:  17.7
Mill Use:  3.7
Ending Stocks: 4.3
Stocks/Use Ratio:  32.1%
Commitments of Traders
                                                                   Long            Short
Producer / Merchant:                                  12,699          84,091 (contracts)
Swap Dealers:                                            56,115          6,375
Managed Money:                                        44,117         16,543
Other:                                                        14,602          21,601
View (Subject to Change in 24 Hours)
Bearish

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Not BooksTagged With: #TheCottonClubLetter

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy

Subscribe to Blog via Email

Notifications of all new posts by email.

Connect

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Search

Top Posts

  • The Tricky Lily Pad Riddle (You Probably Can't Solve)
    The Tricky Lily Pad Riddle (You Probably Can't Solve)
  • Can You Solve The Bat And Ball Riddle?
    Can You Solve The Bat And Ball Riddle?
  • Another Great Riddle For You To Try
    Another Great Riddle For You To Try
  • Mercy, Elevation Worship & Maverick City
    Mercy, Elevation Worship & Maverick City
  • This Is How To Draw A Simple Robot
    This Is How To Draw A Simple Robot
  • Keep People Guessing By?
    Keep People Guessing By?
  • Instabooks 146
    Instabooks 146
  • Tesla Model S
    Tesla Model S
  • God Gives Job Double Everything, Except This?
    God Gives Job Double Everything, Except This?
  • Economics 101: Classical Economics
    Economics 101: Classical Economics

Supporting = Loving

Buy Me a Coffee

Recent Posts

  • Tesla Model S
  • Brandon Hays First Sermon @ The Church At Harpeth Heights
  • How To Make A Clay Pot
  • My Reading Advice
  • Sometimes It’s Fun Being A

Copyright © 2023 · Generate Pro On Genesis Framework · WordPress · Log in