Chart: barchart.com
Notes
ICE cotton dollar prices for Dec. rose a lackluster 39 points this week. U.S. certified stocks fell to 71,232 while net export sales were at 247,700 RB. Open interest for December stands at 111,571 with March open interest at 48,239. Conditions Report stated 51% of crop is good to excellent, compared to 50% last week, and 47% last year. 16% of the crop is poor to very poor, compared to 16% last week, and 20% this week last year. Managed money is net long. Technical traders see support around 65.00 with resistance around 68.00.
Price
Stocks and Sales
(China was the big buyer at 68,500)
Current World Balance Sheet (2014/2015)
Imports: 8.00
Current USA Balance Sheet (2014/2015)
Exports: 10.70
Commitments of Traders
- Long: 37,549 (Contracts)
- Short: 64,711
- Long: 48,088
- Short: 9,293
- Long: 36,749
- Short: 36,272
- Long: 18,743
- Short: 28,278
View (Subject to Change in 24 Hours)