Archive for May, 2014

Dec 14 fell hard again today, along with the front month, as significant rain began to fall over portions of W TX.

Certificated stock continues to build and now stands at approximately 431K bales with 4.6K bales awaiting review for certification. The Cotton Outlook A-Index…

For next week…

The front month continued to slide today, giving up another 147 points to settle at 86.31. The settlement was within the lower on half of today’s 291 point trading range (85.26 – 87.17).

Overall technical sentiment for the front month remains very bearish, but still very much oversold. Fundamentally, US ending stocks for the current MY are likely to be…

For Tue…

Dec 14 fell hard today, along with the front month, as sprinkles and light rain, with the promise of more to come, began to fall over parts of W TX. The dissemination of a US export report that boasted net sales…

Certificated stock continues to build and now stands at approximately 429K bales with 4.3K bales awaiting review for certification. The Cotton Outlook A-Index was reported…

For tomorrow…

The front month collapsed today after posting early gains of 137 points, post the dissemination of a much more robust than expected US export report, to settle at 87.78. The settlement was within 2 points of today’s 290 point trading range (87.76 – 90.66).

Overall technical sentiment for the front month remains very bearish. Fundamentally, US ending stocks for the current MY are likely to be reduced significantly below the USDA’s current 10.4M bale projection, but the beginning of rain over W TX and D/D increases to certificated stocks are weighing on the market. Further, the speculative sector…

For tomorrow, our directional bias…