– Reporting Period 25 Sep – 08 Oct 2024 – Hurricane Helene hit the US mainland with severe force leaving behind heavy losses. It is estimated that 300,000 to 700,000 bales of cotton are also damaged. Added to this is the potential loss of quality in the upcoming harvest. Hurricane Milton is currently moving...
read more– Reporting Period 11 September – 24 September 2024 – Prices of ICE Cotton No. 2 futures continued their recent fluctuating sideways trend until they gained momentum and rose. In the last few days of the current reporting period, futures reached a three-month high, with December 2024 prices approaching 75 ct/lb and March 2025...
read more– Reporting Period 28 Aug – 10 Sep 2024 – Following the upswing in the last reporting period, the ICE Cotton No. 2 futures experienced rather a sideways movement in this reporting period. However, this sideways trend was anything but stable. The futures have swung back and forth within a range of about 250...
read more– Reporting Period 14 – 27 August 2024 – Overall, the ICE cotton No. 2 futures have risen during the reporting period. From the beginning of the second reporting week, the December futures broke the 70 ct/lb mark several times but stayed just below the magic threshold at last. The reasons for the upward...
read more– Reporting Period 31 July – 13 August 2024 – The ICE futures Cotton No. 2 have continuously lost ground in the reporting period. The nearest future reached a level that hasn’t been seen since October 2020. The globally uncertain situation has weakened textile demand and consequently material demand as well. Additionally, due to...
read more– Reporting Period 17 – 30 July 2024 – Prices were put under pressure by a cotton crop that had been projected higher for the coming season, by weak market forecasts and by falling third markets. This led to immediate purchases at lower prices. As a result, the ICE cotton No. 2 futures lost...
read more– Reporting Period 03 July – 16 July 2024 – The ICE Cotton No. 2 futures were rather stagnating in the reporting period. They stayed in a small range around 70 ct/lb and somewhat above with slight ups and downs. The latest WASDE report that saw US production gain by one million bales also...
read more– Reporting Period 05 – 18 June 2024 – The ICE Cotton No. 2 futures continued their downward trend. With only few exceptions, all trading days closed with price losses. In the middle of the reporting period, there was a change in the relationship between the trading months July and December. July dropped considerably...
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