Sterling Terrell

smart ideas from books (mostly)

  • Home
  • About
    • My CV
    • Books
    • Series
  • Newsletter
  • Advertising
  • Tools

Cotton Snapshot – For Week Ending: 6/20/2014

Cotton Snapshot – For Week Ending: 6/20/2014

Chart:  barchart.com

Notes

What is there to say this week?  The week ended up a bit lower with July explosively kicking towards its last few weeks of life. That was just a beautiful little short squeeze this week in July, wasn’t it?  July open interest has fallen to 7,762 contracts with open interest for December up to 123,938.  The July-Dec spread is back up to 1100 points.  Planting report showed 95% complete, compared to 83% last week. Cotton conditions report showed 51% as good or excellent, compared to 50% last week, and 42% last year.  We are not there quite yet but maybe look for a price bounce or consolidation as we move closer to the cost of production.  Managed money is net long.  Possible resistance at 76.00.

Price
July ended the week at:  88.16
December ended the week at:  77.08
Stats
ICE Certified Cotton Stocks = 427,727
US Net Export Sales of 103,300 RB for 2014/2015 were reported (Indonesia was the big buyer).
Current World Balance Sheet (2014/2015)
Beginning Stocks: 99.0 (million 480 lb. bales)
Production: 115.9
Supply: 214.9
Mill Use:  112.3
Ending Stocks:  102.7
Stocks/Use Ratio:  91.5%
Current USA Balance Sheet (2014/2015)
Beginning Stocks:  2.7 (million 480 lb. bales)
Production: 15.0
Supply:  17.7
Mill Use:  3.7
Ending Stocks: 4.3
Stocks/Use Ratio:  32.1%
Commitments of Traders
                                                                   Long            Short
Producer / Merchant:                                  28,899          102,410 (contracts)
Swap Dealers:                                            55,527         4,068
Managed Money:                                        46,590         18,000
Other:                                                        14,203         21,487
View (Subject to Change in 24 Hours)
Bearish to Neutral

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)

Filed Under: Not BooksTagged With: #TheCottonClubLetter

Cotton Snapshot – For Week Ending: 6/13/2014

Cotton Snapshot – For Week Ending: 6/13/2014
 Notes
What is there to say this week?  The week ended up a bit higher as volume fades from July into December. By Friday, July open interest had fallen to 50,865 with open interest for December up to 114,891.  Meanwhile, the July-Dec spread stubbornly remains with  a cliff of over 900 points, pointing toward more future cotton and looking like the July contract may not go away quietly.
USDA raised US production by half a million bales while lowering Chinese imports to 8 million bales, all of which looks to help the bears.

Price
July ended the week at:  86.98
December ended the week at:  77.75
News
ICE Certified Cotton Stocks = 417,920
US Net Export Sales of 74,700 RB for 2014/2015 were reported.
Current World Balance Sheet (2014/2015)
Beginning Stocks: 99.0 (million 480 lb. bales)
Production: 115.9
Supply: 214.9
Mill Use:  112.3
Ending Stocks:  102.7
Stocks/Use Ratio:  91.5%
Current USA Balance Sheet (2014/2015)
Beginning Stocks:  2.7 (million 480 lb. bales)
Production: 15.0
Supply:  17.7
Mill Use:  3.7
Ending Stocks: 4.3
Stocks/Use Ratio:  32.1%
Commitments of Traders
                                                                   Long            Short
Producer / Merchant:                                  24,699          101,098 (contracts)
Swap Dealers:                                            52,850          5,390
Managed Money:                                        45,557          21,752
Other:                                                        17,256          13,505
View
Bearish

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)

Filed Under: Not BooksTagged With: #TheCottonClubLetter

  • « Previous Page
  • 1
  • …
  • 652
  • 653
  • 654
  • 655
  • Next Page »

Subscribe to Blog via Email

Notifications of all new posts by email.

Connect

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Search

Top Posts

  • The Tricky Lily Pad Riddle (You Probably Can't Solve)
    The Tricky Lily Pad Riddle (You Probably Can't Solve)
  • Rory McIlroy On Stoicism
    Rory McIlroy On Stoicism
  • How Great Thou Art Lyrics
    How Great Thou Art Lyrics
  • Competition Cheer
    Competition Cheer
  • My Notes On, In My Father’s House, By: Corrie Ten Boom
    My Notes On, In My Father’s House, By: Corrie Ten Boom
  • God Gives Job Double Everything, Except This?
    God Gives Job Double Everything, Except This?
  • Write A Short, Bad Book?
    Write A Short, Bad Book?
  • The Tragedy Of Gina "Bronco" Bouza (1932-1957)
    The Tragedy Of Gina "Bronco" Bouza (1932-1957)
  • Wonder Park Pi Song (Watch It Stick In Your Head)
    Wonder Park Pi Song (Watch It Stick In Your Head)
  • 8 Positive Points To Get From Reading: Up From Slavery, By Booker T. Washington
    8 Positive Points To Get From Reading: Up From Slavery, By Booker T. Washington

Supporting = Loving

Buy Me a Coffee

Recent Posts

  • Tesla Model S
  • Brandon Hays First Sermon @ The Church At Harpeth Heights
  • How To Make A Clay Pot
  • My Reading Advice
  • Sometimes It’s Fun Being A

Copyright © 2023 · Generate Pro On Genesis Framework · WordPress · Log in