Managed money is net long.
Short-term, technical traders see possible support around 65.00, possible resistance around 68.00.
The trend is up.
July-15 is at: 66.61 Volume = 21,498
Oct-15 is at: 66.30 Volume = 28
Dec-15 is at: 66.45 Volume = 6,855
Cotlook ‘A’ Index is at: 74.70
Today, the trading platform TheSeam.com reported an average cash price of approximately: 52.51.
On July, that puts the average basis at approximately: –1401 points.
Cash prices are averaging approximately 5.38 cents over loan value.
Stocks and Sales
(Vietnam was the big buyer at 46,200.)
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: 11,044 (Contracts)
- Short: 120,895
- Long: 55,195
- Short: 4,744
- Long: 67,286
- Short: 19,975
- Long: 19,280
- Short: 13,039
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.