ICE cotton dollar prices for Dec. rose just over15 points this week as prices pushed just shy of 64.00. U.S. certified stocks fell to 15,928 while net export sales were at 78,800 RB. Open interest for December stands at 94,435 with March open interest at 69,601. Conditions Report stated 47% of crop is good to excellent, compared to 47% last week, and 44% last year. 19% of the crop is poor to very poor, compared to 19% last week, and 22% this week last year. Managed money is net long. Technical traders see support around 61.50 with resistance around 64.20. The trend is down.
Stocks and Sales
(Indonesia was the big buyer at 35,600.)
Current World Balance Sheet (2014/2015)
Current USA Balance Sheet (2014/2015)
Commitments of Traders
- Long: 40,667 (Contracts)
- Short: 67,543
- Long: 52,844
- Short: 8,313
- Long: 42,174
- Short: 34,265
- Long: 16,020
- Short: 38,495
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