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Last update: Sun, 31 Jul 2016 02pm

Cotton and Textiles: World

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ICE cotton futures jumped more than 1 percent on Friday on dry weather concerns in West Texas, the top US producing region, and as the US dollar tumbled on disappointing economic data. "West Texas, which is the largest concentrated area has become very hot and dry over the last month and they need some relief very quickly," said Louis Rose, an independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee.
ICE cotton futures fell on Thursday after the release of a negative export sales report and as the natural fiber continued to face competition from low-priced synthetics. The United States exported 44,600 running bales of cotton for the week ended July 21, the fewest for the 2015/16 marketing year and down 38 percent from the previous week, government data showed.
The fluctuations observed during the day:

ICE cotton futures fell to their lowest in a week on Wednesday, on expectations of small showers in West Texas, the top US producing region, and better weather in India, the world's largest cotton producer. "Everybody is watching western India and western Texas right now, these are two weather hotspots at the moment," said Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi.
The following were the fluctuations observed during the day:

ICE cotton registered its biggest intraday percentage jump in nearly two weeks on Tuesday in technical follow-through as prices consolidated higher following a recent rally and the natural fibre market shifted focus back to weather concerns amid a weaker dollar.
The following were the fluctuations observed during the day: