Al-Gaim Compound, Taif, Saudi Arabia, House 324.
This floor-plan was just another thing I did in Boy Scouts.
The House I Lived In
Cotton Market Snapshot – For Week Ending: 10/24/2014
Chart: barchart.com
Notes
ICE cotton dollar prices for Dec. rose just over15 points this week as prices pushed just shy of 64.00. U.S. certified stocks fell to 15,928 while net export sales were at 78,800 RB. Open interest for December stands at 94,435 with March open interest at 69,601. Conditions Report stated 47% of crop is good to excellent, compared to 47% last week, and 44% last year. 19% of the crop is poor to very poor, compared to 19% last week, and 22% this week last year. Managed money is net long. Technical traders see support around 61.50 with resistance around 64.20. The trend is down.
Price
December is at: 63.81
March is at: 62.17
Stocks and Sales
ICE Certified Cotton Stocks = 15,928.
US Net Upland Export Sales = 78,800
(Indonesia was the big buyer at 35,600.)
(Indonesia was the big buyer at 35,600.)
Current World Balance Sheet (2014/2015)
Beginning Stocks: 101.31 (million 480 lb. bales)
Production: 119.37
Supply: 220.68
Mill Use: 113.68
Ending Stocks: 107.11
Ending Stocks/Mill Use Ratio: 94.22%
Current China Balance Sheet (2014/2015)
Beginning Stocks: 62.71 (million 480 lb. bales)
Production: 30.50
Imports: 7.00
Imports: 7.00
Supply: 100.21
Mill Use: 38.00
Ending Stocks: 62.16
Ending Stocks/Mill Use Ratio: 163.58%
Current USA Balance Sheet (2014/2015)
Beginning Stocks: 2.45 (million 480 lb. bales)
Production: 16.26
Exports: 10.00
Exports: 10.00
Supply: 18.71
Mill Use: 3.8
Ending Stocks: 4.9
Ending Stocks/Mill Use Ratio: 128.95%
Commitments of Traders
Producer / Merchant
- Long: 40,667 (Contracts)
- Short: 67,543
Swap Dealers
- Long: 52,844
- Short: 8,313
Managed Money
- Long: 42,174
- Short: 34,265
Other Reportables
- Long: 16,020
- Short: 38,495
View (Subject to Change in 24 Hours)
Bearish to neutral
*This is for informational purposes only, and not a recommendation to buy or sell.
There is substantial risk of loss to futures and options trading.
Past performance may not be indicative of future results.
One should carefully consider their financial suitability prior to trading futures or options.
*This is for informational purposes only, and not a recommendation to buy or sell.
There is substantial risk of loss to futures and options trading.
Past performance may not be indicative of future results.
One should carefully consider their financial suitability prior to trading futures or options.