Managed money is net long.
Short-term, technical traders see possible support around 63.00, possible resistance around 65.00.
The trend is down.
July-15 is at: 63.31 Volume = 15,867
Oct-15 is at: 65.24 Volume = 7
Dec-15 is at: 64.39 Volume = 6,218
Cotlook ‘A’ Index is at: 72.35
The most recently, the trading platform TheSeam.com reported an average cash price of approximately: 52.76.
On July, that puts the average basis at approximately: –1055 points.
Cash prices are averaging approximately 9.05 cents over loan value.
Stocks and Sales
(Turkey was the big buyer at 26,800.)
Current World Balance Sheet (2015/2016)
Current China Balance Sheet (2015/2016)
Imports – Exports: 5.95
Current India Balance Sheet (2015/2016)
Imports – Exports: –4.1
Ending Stocks/Mill Use Ratio: 54.25%
Beginning Stocks: 4.4 (million 480 lb. bales)
Imports – Exports: -10.69
Producer / Merchant
- Long: 7,530 (Contracts)
- Short: 118,229
- Long: 60,234
- Short: 3,807
- Long: 67,310
- Short: 26,534
- Long: 19,851
- Short: 11,596
May Cotton Price Model: 55.4 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.