July-15 is at: 63.09
Dec-15 is at: 64.26
Cotlook ‘A’ Index is at: 70.15
For 3/6/2015, the trading platform TheSeam.com reported an average cash price of: 54.65.
On July, that puts the average basis right at: –8.44 points.
Cash prices are averaging 8.34 cents over loan value.
Stocks and Sales
(Thailand was the big buyer at 13,000.)
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
Producer / Merchant
- Long: 15,613 (Contracts)
- Short: 121,664
- Long: 51,887
- Short: 5,151
- Long: 66,989
- Short: 20,275
- Long: 20,356
- Short: 13,722
Cotton Price Model: 60.8 cents
A regression model, like the one below 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.