In a bearish news week, ICE Dec cotton gave up 180 points. The Dec Mar spread weakened slightly, finishing the week at 33 points of carry as the front month continues to consolidate between 66.00 and 69.00.
For this week…
Archive for September, 2016
September 19, 2016
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Sunday, September 18, 2016 – Weekly Cotton and Grain Market Report and Forecast
By admin in Weekly Reports
September 18, 2016
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Sunday, September 18, 2016 – ICE Dec Contract Loses 180 Points Over Bearish News Week
By admin in Daily ReportsThe ICE Dec contract gave up 44 points on Fri, settling at 67.28 – a 180 point weekly setback. The Mar contract lost 30 points at 67.61, the net effect leaving the Dec – Mar spread weakened, but far below full carry, at (33). Volume for Dec delivery again slowed at just above a mere 6K lots while Dec OI was again near unchanged at just below 153K contracts.
For tomorrow…
September 17, 2016
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Saturday, September 17, 2016 – Weekly Cotton and Grain Market Report and Forecast
By admin in UncategorizedIn a bearish news week, ICE Dec cotton gave up 180 points. The Dec Mar spread weakened slightly, finishing the week at 33 points of carry as the front month continues to consolidate between 66.00 and 69.00.
For next week…
September 16, 2016
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Thursday, September 15, 2016 – ICE Cotton Manages Slight Gain Despite Slowing US Export Sales
By admin in Daily ReportsThe ICE Dec contract picked up another 19 points today, despite slowing US export sales and shipments, settling at 67.72. The Mar contract gained 17 points at 67.91, the net effect leaving the Dec – Mar spread near unchanged at (19). Volume for Dec delivery slowed at just above 8K lots while Dec OI was near unchanged at just below 153K contracts.
For tomorrow…
September 15, 2016
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Thursday, September 15, 2016 – ICE Cotton Shows Signs of Life Ahead of US Export Report
By admin in UncategorizedThe ICE Dec contract picked up 63 points on Wed and ahead of the weekly US cotton export report, settling at 67.53. The Mar contract also gained 63 points at 67.74, the net effect leaving the Dec – Mar spread unchanged at (21). Volume for Dec delivery slowed at just above 11K lots while Dec OI contracted at just below 153K contracts.
For today…
