Sterling Terrell

smart ideas from books (mostly)

  • Home
  • About
    • My CV
    • Books
    • Series
  • Newsletter
  • Advertising
  • Tools
You are here: Home / Not Books / Cotton Market Snapshot – For Week Ending: 9/26/2014

Cotton Market Snapshot – For Week Ending: 9/26/2014

Cotton Market Snapshot – For Week Ending: 9/26/2014

Chart:  barchart.com

Notes
ICE cotton dollar prices for Dec. fell 248 points this week as prices pushed to 60.00.  U.S. certified stocks fell to 18,545 while net export sales were at 155,700 RB.  Open interest for December stands at 101,926 with March open interest at 61,153. Conditions Report stated 48% of crop is good to excellent, compared to 49% last week, and 44% last year.  18% of the crop is poor to very poor, compared to 18% last week, and 23% this week last year.  Managed money is net long. Technical traders see support around 60.00 with resistance around 62.50.  The trend is down.

Price

December is at:  61.89
March is at:  61.10

Stocks and Sales

ICE Certified Cotton Stocks = 18,545.  Down from 44,513 last week.
US Net Upland Export Sales = 155,700
(China was the big buyer at 51,500.)

Current World Balance Sheet (2014/2015)

Beginning Stocks:  100.3  (million 480 lb. bales)
Production:  118.01
Supply:  218.31
Mill Use:  112.12
Ending Stocks:  106.29
Ending Stocks/Mill Use Ratio:  94.8%

Current China Balance Sheet (2014/2015)
Beginning Stocks:  61.96 (million 480 lb. bales)
Production:  29.5
Imports:  8.00
Supply:  99.46
Mill Use:  36.5
Ending Stocks:  62.91
Ending Stocks/Mill Use Ratio:  172.35%

Current USA Balance Sheet (2014/2015)

Beginning Stocks:  2.45 (million 480 lb. bales)
Production:  16.54
Exports:  10.00
Supply:  18.99
Mill Use:  3.8
Ending Stocks:  5.2
Ending Stocks/Mill Use Ratio:  136.84%

Commitments of Traders

Producer / Merchant
  • Long:  45,967  (Contracts)
  • Short:  66,734
Swap Dealers

  • Long:  52,649
  • Short:  7,497
Managed Money

  • Long:  38,145
  • Short:  33,185
Other Reportables

  • Long:  16,867
  • Short:  40,643

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?
  • This Is How To Draw A Simple Bridge
    This Is How To Draw A Simple Bridge
  • How Neat Handwriting Is For The Birds
    How Neat Handwriting Is For The Birds
  • Wonder Park Pi Song (Watch It Stick In Your Head)
    Wonder Park Pi Song (Watch It Stick In Your Head)
  • 5 Things I Learned Reading: Night, By: Elie Wiesel
    5 Things I Learned Reading: Night, By: Elie Wiesel
  • Wagon Train Morality
    Wagon Train Morality
  • Instabooks 317
    Instabooks 317
  • Chuck E Cheese Birthday Party
    Chuck E Cheese Birthday Party
  • Powerful Words: How To Change Someone's Life
    Powerful Words: How To Change Someone's Life

Supporting = Loving

Buy Me a Coffee

Recent Posts

  • Asymmetric Opportunities To Tilt Luck
  • Where I Sit 26
  • X.com
  • How Is Your Lot Always Full?
  • Random Thoughts – 382

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