08 Mar

Cotton Prices Close Near Lows; What Will Farmers Plant ?

in Blog, cotton, futures broker

Cotton Futures-- Cotton futures for the May delivery finished down 56 points to finish 89.56 a bale in a uneventful trade today before tomorrow's big USDA crop report which comes out of 7:30 AM central time keeping a lid on prices this afternoon. A couple days ago India stopped exports of cotton causing cotton prices to climb from 88 to 94 in one day only to sell off from those highs to possibly retest contract lows of 84.50 a bale.

06 Mar

Cotton Prices Down In Sympathy With Rest Of Market

in Blog, cotton

Cotton prices today reversed from yesterday sharp 400 point limit up move due to the fact that India is banning the export of cotton and India is the second largest exporter of cotton in the world causing prices to suddenly skyrocket yesterday, however after opening higher cotton finished down 80 points to finish at 91.420 a bale on sympathy with the rest of the commodities which were hammered to the downside today.

05 Mar

Cotton Prices Locked Limit Up 400 Points!

in Blog, cocoa, coffee, commodities, cotton, futures broker

A lot of excitement in the cotton market today with India the world's second-biggest cotton exporter halting shipments of cotton until further notice according to the commerce ministry today causing prices in the futures market to rally more than  400 points which is locked limit up for the trading session at 92.23 a bale.

05 Mar

Crude Oil & Products Down Slightly In Early Trade

in Blog, cotton, crude oil futures, heating oil, natural gas, unleaded gasoline

Energy products this morning have opened lower with a mixed dollar, crude oil is slightly lower by $.30 cents trading around $107 dollars a barrel with its products mixed as well with the unleaded gasoline contract for May trading lower by 100 points trading around $3.26 a gallon while heating oil was higher by almost 200 points trading at $3.22 a gallon while Brent crude oil is basically unchanged for the day trading around $124 dollars a barrel.

01 Mar

Cotton Prices Testing Recent Lows

in Blog, cotton, grains

Cotton futures for May delivery were lower by 43 points to close at 90.01 a bale in a lack luster trading session. Cotton is retesting recent lows of around 89 with contract lows of 84.20 which would be the next support. In my opinion cotton prices could head higher going into spring and summer due to more planting of corn and beans, because farmers will make more money planting grains rather than cotton.

28 Feb

Cotton Higher With Grains

in Blog, corn, cotton, soybeans, wheat

Cotton futures are higher by 125 points today currently trading at 91.90 a bale in sympathy with the grain market which is also higher today led by the soybeans which are making new contract highs up another 7 cents a bushel at 13.00 for the May contract.

27 Feb

Have Cotton Prices Bottomed?

in Blog, cotton, soybeans

Cotton prices rallied today with the May contract leading the way closing higher by 90 points to close around 91.08 a bale. Cotton has been on a roller coaster in the last month with huge rallies and big declines in price in the last 2 weeks or so but with the grain market starting to rally especially soybeans this could put some planting questions into play when spring arrives.

23 Feb

Cotton Continues Bearish Trend

in Blog, cotton

Cotton futures continues its bearish trend selling off another 100 points to close around 89.20 a bale in the May contract.

22 Feb

Cotton Prices Lower Again

in Blog, cotton, energies, gold

Cotton Futures for May delivery continue their bearish trend ending lower by 200 points to close near 91.00 a bale and over 800 points from recent highs. This market is in the mid-range of the past month with a low of 84 and a high of around 100 and currently trading at 91. I think cotton will move higher with the grains; however as traders you want to find trending markets like gold, platinum, and the energies and go with the uptrend.

16 Feb

Cotton & Lumber Quiet In Light Trade

in Blog, cotton, lumber

The cotton market for March delivery had a very quiet trading session closing at 92.45 down only 5 points in light volume. Cotton is still in a mid range between recent lows and highs looking for fundamental news to dictate near term price. Lumber prices for March were lower by 160 points closing at 261.40 and looking a little toppy at these levels.

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