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ICE cotton futures fell on Monday, continuing last week's move downward as concerns about weather in top growing region Texas dissipated as forecasts showed dry weather in the week ahead, which traders said should allow harvesting to resume. This outweighed expectations for potentially harvest-disrupting rains elsewhere in the US cotton belt, where the harvest is further along, mitigating concerns, said Sterling Terrell, a commodity trading adviser in Lubbock, Texas.
The forecast comes as US
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Textile Raw Material Price 2015-10-26
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
44.6
USD/Barrel
-1.72%
2015-10-26
Crude Oil Brent
809
USD/Barrel
1.38%
2015-10-26
PX
47.99
USD/Ton
-0.19%
2015-10-26
PTA Buy
4700
RMB/Ton
0%
2015-10-26
PTA Sell
600
USD/Ton
0%
2015-10-26
MEG Buy
5090
RMB/Ton
0%
2015-10-26
MEG Sell
655
USD/Ton
0%
2015-10-26
CPL Buy
11000
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ICE cotton futures inched up on Friday as forecasts showed rains in some US growing regions in the coming week, which could disrupt harvest activities, but prices closed the week down as concerns about weather in top growing region Texas dissipated. "That's why we don't like these late crops," said Louis Rose, an independent cotton trader and analyst with Risk Analytics in Memphis, Tennessee, noting that delays to this year's crop development left cotton more vulnerable to weather issues.
De
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Textile Raw Material Price 2015-10-23
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
45.38
USD/Barrel
0.4%
2015-10-23
Crude Oil Brent
48.08
USD/Barrel
0.48%
2015-10-23
PX
798
USD/Ton
0.13%
2015-10-23
PTA Buy
4640
RMB/Ton
0%
2015-10-23
PTA Sell
590
USD/Ton
0%
2015-10-23
MEG Buy
5080
RMB/Ton
0%
2015-10-23
MEG Sell
652
USD/Ton
0%
2015-10-23
CPL Buy
11000
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ICE cotton futures experienced their largest single-session loss in more than a month on Thursday as a weak export sales report reinforced demand concerns and traders said recent rains in Texas were likely not as damaging to crops as some had feared. US upland cotton export sales for the 2015/16 crop year totalled 96,900 bales last week, with the bulk being sold to Mexico and none to top consumer China, where recent policy changes have limited imports.
"The exports were anemic," said Jobe Mo
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Textile Raw Material Price 2015-10-22
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
45.2
USD/Barrel
-2.35%
2015-10-22
Crude Oil Brent
797
USD/Barrel
-0.5%
2015-10-22
PX
47.85
USD/Ton
-1.77%
2015-10-22
PTA Buy
4550
RMB/Ton
0%
2015-10-22
PTA Sell
590
USD/Ton
0%
2015-10-22
MEG Buy
5060
RMB/Ton
0%
2015-10-22
MEG Sell
650
USD/Ton
0%
2015-10-22
CPL Buy
11000
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ICE cotton futures gained on Tuesday as forecasts of rain in Texas stoked worries over crop damage in the United States, the world's largest exporter, at a key stage of development. Rains were forecast for Wednesday and Thursday in major growing regions in Texas, the country's top producing state. The wet weather could hit at a time when the vast majority of the crop's bolls are open, leaving the plants highly susceptible to damage, traders said.
That lifted prices even as worries linger ove
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Textile Raw Material Price 2015-10-21
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
46.29
USD/Barrel
0.87%
2015-10-21
Crude Oil Brent
48.71
USD/Barrel
0.21%
2015-10-21
PX
801
USD/Ton
-1.48%
2015-10-21
PTA Buy
4550
RMB/Ton
0%
2015-10-21
PTA Sell
590
USD/Ton
0%
2015-10-21
MEG Buy
5090
RMB/Ton
0%
2015-10-21
MEG Sell
650
USD/Ton
0%
2015-10-21
CPL Buy
11100
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ICE cotton futures fell the most in nearly a month on Monday alongside a broad-based commodities sell-off and technical pressure after prices failed to surpass key resistance. The bellwether Thomson Reuters CoreCommodity CRB Index hit a two-week low. Both millers and farmers remained on the sidelines, as investors liquidated long positions after prices met key resistance for a second straight session, sending the front-month to its biggest daily loss since September 22.
Speculators built up
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Textile Raw Material Price 2015-10-20
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
45.89
USD/Barrel
0%
2015-10-20
Crude Oil Brent
48.61
USD/Barrel
0%
2015-10-20
PX
813
USD/Ton
0%
2015-10-20
PTA Buy
4550
RMB/Ton
0%
2015-10-20
PTA Sell
590
USD/Ton
0%
2015-10-20
MEG Buy
5130
RMB/Ton
0%
2015-10-20
MEG Sell
655
USD/Ton
0%
2015-10-20
CPL Buy
11100
RMB/Ton