Sterling Terrell

smart ideas from books

  • Home
  • About
    • Work With Me
    • My CV
    • Tools
    • Series
  • Newsletter
  • Advertising
You are here: Home / Not Books / The Cotton Club Letter – For Week Ending 10/7/2016

The Cotton Club Letter – For Week Ending 10/7/2016

The Cotton Club Letter – For Week Ending 10/7/2016
 
 
  Price Picture

Chart Source: Barchart.com

 
 
Trend Picture

Chart Source: Barchart.com

 

Notes
Nearby contract closed approximately 110 points lower
this week.

Managed money is net long.
Short-term, technical traders see possible support around 64
.00, possible resistance around 70.00.
The trend is up.

Price

Dec-16 is at:   66.98        Volume = 12,686
Mar-17 is at:   67.62        Volume = 4,199
May-17 is at:  67
.95         Volume = 968

Cotlook ‘A’ Index is at: 77.30

Cash Sales

Recently, on 1,038 bales traded, the trading platform TheSeam.com reported an average cash price of approximately: 62.03.
On the nearby contract, that puts the average basis at approximately:  -495 points.
Cash prices are averaging approximately 11.69 cents over loan value.

Stocks and Sales
ICE Certified Cotton Stocks = 31
,083
US Net Upland Export Sales (2016/2017) = 158,900
     China was the big buyer at 53,200. 

Current World Balance Sheet (2016/2017)
Beginning Stocks: 98.55 (million 480 lb. bales)
Production: 102.47
Supply: 201.02
Mill Use: 111.23
Ending Stocks: 89.81
Ending Stocks/Mill Use Ratio: 80.7% 


Current China Balance Sheet (2016/2017)
Beginning Stocks: 60.20 (million 480 lb. bales)
Production: 21.00
Imports – Exports: 4.4
Supply: 85.60
Mill Use: 35.00
Ending Stocks: 50.60
Ending Stocks/Mill Use Ratio: 144.6%

Current India Balance Sheet (2016/2017)

Beginning Stocks: 10.94 (million 480 lb. bales)
Production: 26.50
Imports – Exports: –2.9
Supply: 34.66
Mill Use: 24.00
Ending Stocks: 10.54
Ending Stocks/Mill Use Ratio: 43.9%

Current USA Balance Sheet (2016/2017)
Beginning Stocks: 3.8 (million 480 lb. bales)
Production: 16.14
Imports – Exports: -11.49

Supply: 8.45
Mill Use: 3.50
Ending Stocks: 4.90
Ending Stocks/Mill Use Ratio: 140.0%

 
Commitments of Traders
Producer / Merchant
    Long:  30,467  (Contracts)
    Short: 174,313
Swap Dealers
    Long:  68,776
    Short:  6,561
Managed Money
    Long:  78,849
    Short:  12,882
Other Reportables
    Long:  29,105
    Short:  21,618

Cotton Club Letter Price Model:  Current Price Is Subscription Only
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: 


“Over the last number of years, if cotton supply and demand were at their current levels, we would – on average – expect the US price of cotton to be approximately:  X cents.”

*Note – This model does not attempt to forecast the future direction or level of cotton prices. 


General View
Bullish.
Keep in mind that while this is a weekly letter, I can easily change my mind in 24 hours. 


Click Here to Read: “10 Points on the ICE Cotton #2 Chart(CT) – Week Ending 10/7/2016“ 


====================


The Cotton Club Letter Archive can be found by clicking, here

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Not BooksTagged With: #TheCottonClubLetter

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy

Connect

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Free Weekly Newsletter:

Search

Recent Posts

  • Starlings In Flight
  • This Déjà Vu, I love you
  • Didn’t Need Exercise
  • How To Be Great?
  • Fearfully And Wonderfully
  • Professionalize A Passion
  • Code Examples For Our API
  • Is What They Say But What Is
  • In Praise Of Short Chapters
  • Pretend It’s A City, With Fran Lebowitz
  • Must Have Tenacity
  • Don’t Know Jerry Weintraub
  • Instabooks 349
  • Throw The Emergency Break
  • The Week In Review – 255
  • How Much Does A Scriptwriter Get Paid?
  • Random Thoughts – 279
  • Instabooks 348
  • A PO Or A BA
  • How People Get Hired
  • Bridger Plateau
  • Dirty Gutters Trash And Waste
  • The Hardest Part Of Screenwriting
  • 17 Copywriting Tips
  • I Love Grayer And Colder

Top Posts & Pages

  • The Tricky Lily Pad Riddle (You Probably Can't Solve)
    The Tricky Lily Pad Riddle (You Probably Can't Solve)
  • The Week In Review – 255
    The Week In Review – 255
  • God Wants You To Know What?
    God Wants You To Know What?
  • 31 Persuasion Tips That I Learned From Scott Adams
    31 Persuasion Tips That I Learned From Scott Adams
  • Wonder Park Pi Song (Watch It Stick In Your Head)
    Wonder Park Pi Song (Watch It Stick In Your Head)
  • Turn The Imagination
    Turn The Imagination
  • Incremental Investments, Over Time
    Incremental Investments, Over Time
  • Economics 101: Efficiency
    Economics 101: Efficiency
  • 5 Things I Learned Reading: Night, By: Elie Wiesel
    5 Things I Learned Reading: Night, By: Elie Wiesel
  • This Story Format Will Ruin Nearly Every Movie
    This Story Format Will Ruin Nearly Every Movie

Copyright © 2021 · Generate Pro On Genesis Framework · WordPress · Log in