July-15 is at: 63.87
Dec-15 is at: 64.68
Cotlook ‘A’ Index is at: 69.95
For 3/27/2015, the trading platform TheSeam.com reported an average cash price of: 49.08.
On July, that puts the average basis right at: –1479 points.
Cash prices are averaging 6.42 cents over loan value.
Stocks and Sales
(China was the big buyer at 76,700.)
Current World Balance Sheet (2014/2015)
Current China Balance Sheet (2014/2015)
Imports – Exports: 7.25
Current India Balance Sheet (2014/2015)
Imports – Exports: -3.10
Ending Stocks/Mill Use Ratio: 62.16%
Beginning Stocks: 2.45 (million 480 lb. bales)
Imports – Exports: -10.69
Ending Stocks/Mill Use Ratio: 115.07%
Producer / Merchant
- Long: 18,180 (Contracts)
- Short: 105,057
- Long: 54,315
- Short: 5,156
- Long: 55,113
- Short: 31,030
- Long: 20,317
- Short: 11,231
March Cotton Price Model: 60.3 cents
A regression model, like the one located here can give insight into how prices, on average, would react given a change in one or more fundamental supply or demand factors. A proper interpretation of this price model would be:
(*Note: This model does not attempt to forecast the future direction or level of cotton prices.)
Bullish to neutral.
*This is for informational purposes only, and not a recommendation to buy or sell.