Tag Archives: cotton

U.S. Futures Daily Cotton Market -30th November, 2015

01 Tuesday Dec 2015

Posted by in Current Affairs, Farmers, INTERNATIONAL NEWS

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Contract Open * High Low Close * Settle Change
Dec ’15 62.45 62.45 61.47 61.47 61.30 -1.33
Mar ’16 63.95 64.10 62.28 62.70 62.64 -1.29
May ’16 64.57 64.67 63.06 63.50 63.43 -1.13
  Jul ’16 64.90 64.93 63.68 63.04 63.98 -0.91
Oct ’16 0 0 0 0 63.63 -0.73
� Open and Close prices reflect the first and last trade in the market and do not correlate to any opening or        closing period �
Cotlook ‘A’ Index 70.55 (+0.75)

**MARKET OUTLOOK**


India & International Market Highlights:

• Cotton prices have continued rising over the last week on the New York market.

• Wool prices have risen this week in US$ and euro terms over a new increase of the Australian dollar.

North Zone:

Cotton traded steady tone across major spot markets of north India on Tuesday. Prices were down Rs 20-30 per maund. In Punjab, ready delivery cotton traded at Rs 3470-3480 a maund. In Haryana, it offered at Rs 3,390-3,3400 while in Rajasthan, ready delivery new cotton quoted at Rs 3,340-3,410 a maund.

Central Zone:

Cotton spot prices steady tone across west India market on Monday. Gujarat Sankar-6 new cotton traded at  Rs 32600-33000 per candy . while B-Grade Cotton traded flat at Rs 31800-32300 per candy. V 797 cotton offered at Rs 24000-25000 a candy. While in Maharashtra, New Crop cotton good grade quoted at Rs 32000-32500 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.  

US Cotton Futures :  Cotton futures settled the Monday traded sharply lower, giving back all of the gains madeon Friday plus more. The weekly USDA Crop Progress report tonight showed that the US cotton harvest is still behind schedule, with only 80% of the crop harvested as of Sunday night, compared to the five year average of 88% at this time. The Commitment of Traders report stated that managed money cotton accounts held a net long position of 30,192 contracts as of last Tuesday. This was a reduction to the net long position of 4,747 contracts. The Cotlook A Index was unchanged at 69.80. ICE reported that there were 63,958 certified bales in delivery warehouses on Nov 25, with no new certs and no decertified bales. There were no new delivery notices against December futures. USDA put the AWP for this week at 46.89 and dropped the LDP/MLG to 5.11, down .01 from the 5.12 last week.

Pakistan :
The Karachi Cotton Association on Monday fixed the official spot rate,or base price, for Grade 3 cotton at 5,734 rupees per maund (40 kg). Grade 3 cotton has a staple length of 1-1/16″ and micronaire value between 3.8 and 4.9 NCL (no control limits), which represents fine to coarse classes of cotton varieties. In the kerb market, the key crop varieties traded in the range of 5,360 to 5,600 rupees per maund.

China :

PTA and MEG prices have continued to move into different directions in the last week, amid a slowing down demand from polyester producers in China.

U.S. Futures Daily Cotton Market -27th November, 2015

30 Monday Nov 2015

Posted by in Farmers, Prices

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Contract Open * High Low Close * Settle Change
Dec ’15 62.49 62.75 62.49 62.75 62.63 +0.65
Mar ’16 62.85 64.16 62.83 63.99 63.93 +0.65
May ’16 63.55 64.70 63.55 64.60 64.56 +0.60
  Jul ’16 64.00 64.97 60.00 64.90 64.89 +0.50
Oct ’16 0 0 0 0 64.36 +0.59
� Open and Close prices reflect the first and last trade in the market and do not correlate to any opening or        closing period �
Cotlook ‘A’ Index 69.80 (UNCH)

 

**MARKET OUTLOOK**


India & International Market Highlights:

• Wool prices have risen this week in US$ and euro terms over a new increase of the Australian dollar which has been boosted by a possible rise of benchmark interest rates in December.

• Viscose prices have continued slightly sliding in China, triggering a reaction from several producers. .

North Zone:

Cotton traded steady tone across major spot markets of north India on Monday. Prices were up Rs 20-30 per maund. In Punjab, ready delivery cotton traded at Rs 3500-3510 a maund. In Haryana, it offered at Rs 3,420-3,3430 while in Rajasthan, ready delivery new cotton quoted at Rs 3,370-3,440 a maund.

Central Zone:

Cotton spot prices steady tone across west India market on Monday. Gujarat Sankar-6 new cotton traded at  Rs 32800-33200 per candy . while B-Grade Cotton traded flat at Rs 32000-32500 per candy. V 797 cotton offered at Rs 24000-25000 a candy. While in Maharashtra, New Crop cotton good grade quoted at Rs 32200-32700 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.  

US Cotton Futures :  Cotton futures finished the Friday session up 60 to 65 points, adding to triple digit gains from Wednesday. The price of Dec15 cotton increased by 4.1% from last Friday, gaining 259 points, and closing at its highest daily close since November 2. The USDA reported export sales of 313,100 RB during the week ending Nov 19, including 7,500 RB of Pima. Upland sales of 305,600 RB were the largest since the week ending October 1, and increased by 53% from the week before. The Cotlook A Index was 125 points higher to 69.80. ICE reported that there were 63,958 certified bales in delivery warehouses on Nov 25, with 4,202 new certs and only 15 decertified bales. There were 1,460 bales awaiting review. USDA put the AWP for this week at 46.89 and dropped the LDP/MLG to 5.11, down .01 from the 5.12 last week.

Pakistan :
Spun polyester and polycotton prices have not really declined on the domestic market in Pakistan, after anti-dumping duties on Chinese polyester staple fibers have raised raw material costs.

China :

Although many cotton exporters’ shipments have been affected thus far in 2015-16 by weak demand from China, the most notable impact has been felt by Australia, according to the latest cottonA report released by the US department of agriculture (USDA).

Over the previous four seasons, Australia had shipped nearly two-thirds of its exports to China. However, since the harvest started for the 2015 crop, Australia’s exports as a share of the crop are at a 10-year low, largely on very weak import demand from China.

Similarly, Australia’s cotton shipments to nearly all other major markets are also down.

U.S. Futures Daily Cotton Market – 17th November, 2015

18 Wednesday Nov 2015

Posted by in Farmers

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Contract Open * High Low Close * Settle Change
Dec ’15 61.88 62.25 61.44 61.55 61.53 -0.21
Mar 16 62.59 63.37 62.55 62.76 62.67 +0.06
May 16 63.53 64.04 63.30 63.47 63.38 +0.15
  Jul 16 63.95 64.42 63.72 63.72 63.77 +0.15
Oct ’16 0 0 0 0 63.76 +0.77
� Open and Close prices reflect the first and last trade in the market and do not correlate to any opening or        closing period �
Cotlook ‘A’ Index 69.25 (+0.25)

**MARKET OUTLOOK**


India & International Market Highlights:

• The Southern India Mills’ Association has hailed the Central Government’s decision for considering its pleas and enhancing the drawback rates and value caps for various value added products.

• Cotton prices remained firm after Diwali Holidays.

North Zone:

Cotton traded steady tone across major spot markets of north India on Wednesday. Prices were up Rs 20-25 per maund. In Punjab, ready delivery cotton traded at Rs 3415-3425 a maund. In Haryana, it offered at Rs 3,365-3,375 while in Rajasthan, ready delivery new cotton quoted at Rs 3,315-3,385 a maund.

Central Zone:

Cotton spot prices steady tone across west India market on Wednesday. Gujarat Sankar-6 new cotton traded at  Rs 32100-32400 per candy and Sankar-6 old variety was traded at  Rs 32000-32500 per candy of 356 kg for best quality cotton. while B-Grade Cotton traded flat at Rs 31500-31800 per candy. V 797 cotton offered at Rs 23500-24500 a candy. While in Maharashtra, New Crop cotton good grade quoted at Rs 32000-32500 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.  

US Cotton Futures :

Cotton Rises as Rain Delays U.S. Harvest: November 17, 2015 – Cotton prices rose Tuesday on ideas that rain could further damage crops in U.S. growing regions. Cotton for March delivery rose 0.9% to 63.20 cents a pound, on track for its largest rise since Oct. 30. In the U.S., the cotton harvest is running behind schedule, according to the U.S. Department of Agriculture. As of Nov. 15, the U.S. crop was 64% harvested versus 74% on average. Georgia, South Carolina, North Carolina and Virginia are the most behind as heavy rains disrupted harvests there. More rain is on the way later this week, WeatherBELL Analytics said in a note. “It is likely that more crops in these areas will be damaged,” Jack Scoville, vice president of Price Futures Group said in a note. “Production in the Carolinas already took a hit from the big rains seen over the summer.” Traders are weighing lower production against a world teeming with cotton stockpiles. The contract has had a difficult time breaking out of a tight trading range this year as cotton continues to lose market share to cheaper synthetic fibers and China, the world’s largest cotton consumer, attempts to unwind from its large cotton stores. In other markets, raw sugar for March dropped 3% to 14.72 cents a pound, frozen concentrated orange juice futures for January fell 2.4% to $1.499 a pound, cocoa for March rose 0.1% to $3,379 a ton and arabica coffee futures for March were up 0.7% at $1.19 a pound. Source:http://www.nasdaq.com

Pakistan :

Cotton market: Panic buying seen by mills ahead of PCGA report: November 18, 2015 – Mills indulged in panic buying on the cotton market on Tuesday ahead of the Pakistan Cotton Ginners Association (PCGA) report shortly, dealers said. The official spot rate was unchanged at Rs 5,300, dealers said. In Sindh, seed cotton prices were at Rs 2400 and Rs 3000 and in the Punjab rates were at Rs 2500 and Rs 3100, they said. In the ready business, over 20,000 of deals were finalised between Rs 4800 and Rs 5600, they said. Some of experts were of the view that reports of crop size and stable dollar propelling mills to make fresh deals, besides fine variety is also a factor behind the rise in fresh demand. Cotton analyst, Naseem Usman said that as a whole, market is firm but higher cost of doing business is not encouraging traders or mills to run their business with a peace of mind. Locally, traders were importing cotton because of short crop, furthermore, weaker Indian rupee is also helping them to make fresh deals, he added. Reuters adds: ICE cotton futures touched their highest level since early November on Monday on a chart-fuelled jump, before paring gains on producer selling. A breach of resistance at a long-term downtrend line around 62.60 cents per lb and the 20-and-50-day moving averages was technically positive, said a US trader. The March cotton contract on ICE Futures US settled up 0.62 cent, or one percent, at 62.61 cents per lb. It traded as high as 63.55 cents a lb. The cash to second-month spread fell 0.52 cent to 0.9 cents per lb. Total futures market volume rose by 15,164 to 56,559 lots. Data showed total open interest fell 7,644 to 184,225 contracts in the previous session. The following deals reported, 1000 bales from Tando Adam at Rs 4800-4900, 400 bales from Nawabshah at Rs 5300, 3000 bales from Khairpur at Rs 5350-5400, 400 bales from Rohri at Rs 5500, 400 bales from Ghotki at Rs 5650, 400 bales from Dharki at Rs 5650, 800 bales from Mirpur Mathailo at Rs 5650, 400 bales from Khanpur Mehar at Rs 5650, 400 bales from Bakhar at Rs 5400, 400 bales from Rajanpur at Rs 5400, 400 bales from Layyah at Rs 5450, 800 bales from Faqirwali at Rs 5450, 600 bales from Dera Ghazi Khan at Rs 5450-5500, 600 bales from Alipur at Rs 5450, 400 bales from Burewala at Rs 5460, 400 bales from Bahawalpur at Rs 5500, 1600 bales from Fort Abbas at Rs 5500-5525, 1000 bales from Yazman Mandi at Rs 5500-5525, 1400 bales from Rahim Yar Khan at Rs 5550-5600, 5000 bales from Mianwali at Rs 5575-5625 and 1000 bales from Sadiqabad at Rs 5600, dealers said.

China :

Blended yarn price remains stable in China while falls in India: 16-11-2015 : In Qianqing, PC (65/35) 32s yarn prices were up US cent 1 a kg in the first week of November while 45s PC combed yarn prices were stable. Prices of blended yarn declined in line with fibre prices in recent weeks. In China, polyester-cotton generally rolled over but there is a possibility of a decline in coming weeks. In India, polyester-cotton prices declined 1.5% in Ludhiana whereas polyester-viscose was lost a tad in Indore. 30s (65/35) PV yarn prices were down US cents 2 a kg in the wee in Indore market. In Ludhiana, PC 30s (52/48) prices fell US cents 4 on the week. Blended yarn buyers in Pakistan expect prices to remain firm in the coming weeks, due to anti-dumping duties on PSF imports from China. Large sales were reported, especially for polyester-cotton of 31s and 24s yarns. However, buyers rejected any price hike while offers may remain stable or slightly down in the coming weeks. Courtesy: Weekly PriceWatch Report