Price
July ended the week at: 84.78
December ended the week at: 77.87
Week of News
ICE Certified Cotton Stocks = 410,015
ICAC increases outlook for global cotton inventories for (2014/2015) to 21 million tonnes.
US Net Export Sales of 176,400 RB for 2014/2015 were reported.
Current World Balance Sheet (2014/2015)
Beginning Stocks: 97.9 (million 480 lb. bales)
Production: 115.5
Supply: 213.4
Mill Use: 111.8
Ending Stocks: 101.7
Stocks/Use Ratio: 90.9%
Current USA Balance Sheet (2014/2015)
Beginning Stocks: 2.8 (million 480 lb. bales)
Production: 14.5
Supply: 17.3
Mill Use: 3.7
Ending Stocks: 3.9
Stocks/Use Ratio: 29.0%
Commitments of Traders
Long Short
Producer / Merchant: 27,224 112,863 (contracts)
Swap Dealers: 51,330 5,630
Managed Money: 50,351 17,646
Other: 16,490 11,735
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Bearish
