Printable Page Cotton II News   Return to Menu - Page 1 8 9 33 57 58
 
 
DTN Closing Cotton            12/14 13:52

   Cotton Closes Slightly Up Friday

   While many of the financial markets crashed and burned on the Chinese 
economic data Friday, cotton was able "to hold the mule." 


By Keith Brown
DTN Cotton Contributing Analyst

   

   While many of the financial markets crashed and burned on the Chinese 
economic data Friday, cotton was able "to hold the mule." 

   That was a tiny miracle in itself, as the Dow fell some 500 points, while 
the U.S. Dollar posted new highs for its current move. Anyway, after sinking 
nearly 0.85 cent early in its session, cotton did pare its losses to close 
slightly higher Friday. 

   One wonders if there is some underlying, but subtle, news regarding cotton 
in the U.S./China trade talks that kept the market aloft. To that end, we 
continue to monitor the U.S. Trade Representative website for any potential 
cotton information, but have seen little to none. For the week, March cotton 
will be down roughly 0.60 cent from last Friday, on an estimated daily volume 
of 17,500 contracts. 

   Next week is the week before Christmas, thus, unless some bullish bombshell 
emerges from the trade talks, we suspect trading volume for cotton will be all 
the more tedious. However, it is interesting March cotton did not take out last 
weekly low of 78.60 cents. The low it posted this week was 78.62 cents. 

   March cotton settled at 79.60 cents, up 0.19 cent, July 81.34 cents, up 0.32 
cent and December 2019 was 77.69 cents, up 0.26 cent. 

   Keith Brown can be reached at commodityconsults@gmail.com or by calling 
(229) 890-7780.


(BE)

Copyright 2018 DTN/The Progressive Farmer. All rights reserved.

For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
Tillman Producers Coop | Copyright 2018
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN