Printable Page Cotton II News   Return to Menu - Page 1 8 9 33 57 58
 
 
DTN Closing Cotton            08/17 13:39

   Cotton Flags Lower, Awaits China Next Week

   The ICE Futures finished lower Friday on moderate volume of 15,800 contracts.


By Keith Brown
DTN Cotton Contributing Analyst

   The ICE Futures finished lower Friday on moderate volume of 15,800 
contracts. The session was dominated by traders positioning themselves for next 
week's U.S.-China trade talks. If some sort of compromise is reached, it ought 
to be a boon to the financial and commodities markets. Naturally, the converse 
would be true as well. 

   For the week, December cotton finished about 400 points lower, on its 
greatest volume count since the middle of June. 

   In addition to next week's trade talks, USDA will issue its usual crop 
condition data on Monday and its weekly sales and exports on Thursday. That 
sales number should be interesting as it will reflect the time the market 
declined after the August supply-demand report. Hopefully, big foreign business 
was generated on that decline. 

   December cotton settled at 8139 down 41, March 19 finished 8171, off 30, and 
December 19 at 7738, 12 lower

   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.

DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
Tillman Producers Coop | Copyright 2018
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN