Archive for October, 2016

The ICE Dec contract picked up 77 points today ahead of the weekly US cotton export report as it snapped a 6-day skid, settling at 69.26. Dec briefly flirted with resistance near 70.00 before exhibiting weakness just prior to the settlement period; still the settlement was within the upper one half of today’s trading range. Mar gained 85 points, settling at 69.87, the net effect leaving the Dec – Mar spread weakened once again at (61). Volume for Dec delivery quickened at approximately 17.6K lots while Dec OI contracted at just above 142K contracts.

For tomorrow…

The ICE Dec contract gave up 28 points on Mon – ICE cotton future’s 6th consecutive day of lower prices – settling at 68.50. Mar lost 20 points, settling at 69.02, the net effect leaving the Dec – Mar spread weakened at (53). Volume for Dec delivery quickened at approximately 14K lots while Dec OI was near unchanged at just above 144K contracts.

For today…

The ICE Dec contract gave up 30 points on to begin the week, settling at 68.77. Mar lost 25 points, settling at 69.22, the net effect leaving the Dec – Mar spread weakened at (45). Volume for Dec delivery slowed noticeably at just above 11K lots while Dec OI contracted at just above 144K contracts.

For today…