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: 67.57 Volume = 19
Dec-15 is at: 67.39 Volume = 19,301
March-16 is at: 67.42 Volume = 4,275
Cotlook ‘A’ Index is at: 74.40
Most recently, the trading platform TheSeam.com reported an average cash price of approximately: 55.69.
On Dec, that puts the average basis at approximately: –1188 points.
Cash prices are averaging approximately 8.86 cents over loan value.
Stocks and Sales
(Vietnam was the big buyer at 40,400.)
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 Points on the ICE Cotton #2 Chart (CT) – Week Ending 7/3/2015.”