August 24, 2016 0

Tuesday, August 23, 2016 – ICE Cotton Logs Small Gains in Slow Trading Action

By in Daily Reports

The ICE Dec contract gapped higher on last evening’s open and never completely recovered, ultimately picking up 16 points on the day and settling at 68.44. The settlement was within the lower one quarter today’s tight very tight 75 point trading range. The Mar contract gained 17 points at 69.12, the net effect leaving the Dec – Mar spread near unchanged at (68). Volume for Dec delivery slowed notably at very near 9K lots while Dec OI contracted again at approximately 158.6K contracts.

For tomorrow…

August 23, 2016 0

Tuesday, August 23, 2016 – Dec Cotton Kicks Off Week with Modest Gain

By in Daily Reports

The ICE Dec contract picked up 25 points on Mon, settling at 68.28. The settlement was within the upper one half of the trading range. The Mar contract gained 19 points at 68.95, the net effect leaving the Dec – Mar spread strengthened at (67). Volume for Dec delivery slowed at approximately 11.5K lots while Dec OI contracted again at just above 161K contracts.

For today…

August 23, 2016 0

Tuesday, August 23, 2016 – Daily Grain Market Briefs and Forecast

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August 22, 2016 0

Monday, August 22, 2016 – Weekly Cotton and Grain Market Report and Forecast

By in Weekly Reports

ICE cotton had another down week, despite our expectations, with the Dec contract giving up significant ground at a weekly loss of 262 points and a settlement 68.03. The Dec – Mar spread weakened to 73 points of carry.

For this week…

August 21, 2016 0

Sunday, August 21, 2016 – ICE Dec Cotton Suffers 262 Point Weekly Loss, Down 871 Points Since Aug 4

By in Daily Reports

The ICE Dec contract lost 98 points on Fri, settling at 68.03 – a 262 point loss on the week and an 871 point setback over the last two weeks. The settlement was within the lower one quarter of the trading range. The Mar contract lost 88 points at 68.76, the net effect leaving the Dec – Mar spread weakened at (73). Volume for Dec delivery quickened at approximately 18K lots while Dec OI contracted again at just above 168K contracts.

For tomorrow…