Managed money is net long.
Short-term, technical traders see possible support around 64.00, possible resistance around 67.00.
The trend is up.
July-15 is at: 66.34 Volume = 19,216
Oct-15 is at: 65.61 Volume = 20
Dec-15 is at: 65.52 Volume = 4,620
Cotlook ‘A’ Index is at: 69.75
Today, the trading platform TheSeam.com reported an average cash price of approximately: 58.28.
On July, that puts the average basis at approximately: –806 points.
Cash prices are averaging approximately 10.40 cents over loan value.
Stocks and Sales
(China was the big buyer at 47,400.)
Current World Balance Sheet (2014/2015)
Current China Balance Sheet (2014/2015)
Imports – Exports: 7.42
Current India Balance Sheet (2014/2015)
Imports – Exports: –2.80
Ending Stocks/Mill Use Ratio: 60.00%
Beginning Stocks: 2.45 (million 480 lb. bales)
Imports – Exports: -10.69
Producer / Merchant
- Long: 9,585 (Contracts)
- Short: 102,547
- Long: 55,855
- Short: 4,407
- Long: 56,714
- Short: 23,259
- Long: 18,764
- Short: 14,351
April Cotton Price Model: 59.4 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.)
*This is for informational purposes only, and not a recommendation to buy or sell.