Managed money is net long.
Short-term, technical traders see possible support around 62.50, possible resistance around 66.00.
The trend is down.
July-15 is at: 64.35 Volume = 36,712
Oct-15 is at: 65.30 Volume = 17
Dec-15 is at: 64.64 Volume = 21,139
Cotlook ‘A’ Index is at: 71.05
Most recently, the trading platform TheSeam.com reported an average cash price of approximately: 59.97.
On July, that puts the average basis at approximately: –438 points.
Cash prices are averaging approximately 11.07 cents over loan value.
Stocks and Sales
(Vietnam was the big buyer at 40,700.)
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: 10,610 (Contracts)
- Short: 106,753
- Long: 59,531
- Short: 4,501
- Long: 58,762
- Short: 34,703
- Long: 23,319
- Short: 11,435
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.