Managed money is net long.
Short-term, technical traders see possible support around 64.00, possible resistance around 68.00.
The trend is up.
July-15 is at: 66.16 Volume = 10,028
Oct-15 is at: 66.06 Volume = 2
Dec-15 is at: 65.94 Volume = 3,392
Cotlook ‘A’ Index is at: 73.10
Today, the trading platform TheSeam.com reported an average cash price of approximately: 63.02.
On July, that puts the average basis at approximately: –314 points.
Cash prices are averaging approximately 9.01 cents over loan value.
Stocks and Sales
(South Korea was the big buyer at 9,100.)
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: 10,234 (Contracts)
- Short: 130,860
- Long: 58,031
- Short: 4,074
- Long: 77,738
- Short: 22,618
- Long: 20,291
- Short: 15,602
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.