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: 8/30/2014

Cotton Snapshot – For Week Ending: 8/30/2014

Cotton Snapshot – For Week Ending: 8/30/2014

Chart:  barchart.com

Notes
ICE cotton dollar prices for Dec. rose a lackluster 39 points this week.  U.S. certified stocks fell to 71,232 while net export sales were at 247,700 RB.  Open interest for December stands at 111,571 with March open interest at 48,239. Conditions Report stated 51% of crop is good to excellent, compared to 50% last week, and 47% last year.  16% of the crop is poor to very poor, compared to 16% last week, and 20% this week last year.  Managed money is net long. Technical traders see support around 65.00 with resistance around 68.00.

Price

December is at:  66.57
March is at:  67.01

Stocks and Sales

ICE Certified Cotton Stocks = 71,232.   Down from 86,550 last week.
US Net Upland Export Sales = 247,700.  Up from 155,600 RB last week.
(China was the big buyer at 68,500)

Current World Balance Sheet (2014/2015)

Beginning Stocks:  99.96  (million 480 lb. bales)
Production:  117.64
Supply:  217.7
Mill Use:  112.6
Ending Stocks:  105.08
Ending Stocks/Mill Use Ratio:  93.32%

Current China Balance Sheet (2014/2015)
Beginning Stocks:  61.41 (million 480 lb. bales)
Production:  29.5
Imports:  8.00
Supply:  98.91
Mill Use:  36.5
Ending Stocks:  62.36
Ending Stocks/Mill Use Ratio:  170.85%

Current USA Balance Sheet (2014/2015)

Beginning Stocks:  2.6 (million 480 lb. bales)
Production:  17.5
Exports:  10.70
Supply:  20.1
Mill Use:  3.8
Ending Stocks:  5.6
Ending Stocks/Mill Use Ratio:  147.37%

Commitments of Traders

Producer / Merchant
  • Long:  37,549  (Contracts)
  • Short:  64,711
Swap Dealers

  • Long:  48,088
  • Short:  9,293
Managed Money

  • Long:  36,749
  • Short: 36,272
Other Reportables

  • Long:  18,743
  • Short:  28,278

View (Subject to Change in 24 Hours)

Bullish to neutral

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)
  • Competition Cheer
    Competition Cheer
  • Another Great Riddle For You To Try
    Another Great Riddle For You To Try
  • Can You Solve The Bat And Ball Riddle?
    Can You Solve The Bat And Ball Riddle?
  • Instabooks 269
    Instabooks 269
  • The Bucket Shot, by Peter McKinnon
    The Bucket Shot, by Peter McKinnon
  • 2 Reasons Analogies Fail In Persuasion
    2 Reasons Analogies Fail In Persuasion
  • Instabooks 345
    Instabooks 345
  • Our Mercenary Heart
    Our Mercenary Heart
  • Dislike Of Work
    Dislike Of Work

Supporting = Loving

Buy Me a Coffee

Recent Posts

  • Dislike Of Work
  • Better Than Being A Droid
  • Random Thoughts – 393
  • Gets To The Bottom Of Things
  • Where I Sit 30

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