Managed money is net long.
Short-term, technical traders see possible support around 64.00, possible resistance around 68.00.
The trend is up.
Oct-15 is at: 68.21 Volume = 54
Dec-15 is at: 67.51 Volume = 40,029
March-16 is at: 66.92 Volume = 4,326
Cotlook ‘A’ Index is at: 71.75
Most recently, the trading platform TheSeam.com reported an average cash price of approximately: 61.98.
On Dec, that puts the average basis at approximately: –553 points.
Cash prices are averaging approximately 11.85 cents over loan value.
Stocks and Sales
(Mexico was the big buyer at 18,600.)
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: 51.73%
Imports – Exports: -10.69
Producer / Merchant
- Long: 11,922 (Contracts)
- Short: 101,000
- Long: 60,107
- Short: 3,621
- Long: 53,475
- Short: 27,676
- Long: 15,472
- Short: 11,771
June Cotton Price Model: 62.55 cents
(*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.
Click here to Read: “10 Facts About the ICE Cotton #2 Chart (CT).”