John Flanagan is a 30 year veteran of the futures markets and specializes in agricultural commodities. He is president of Flanagan Trading Corp., an IB clearing with R.J. O'Brien. His firm provides market analysis and trading strategies for Hedgers and Speculators.
Cotton prices fell to limit losses on Thursday after the very bearish USDA supply/demand report. Limits expanded to 5 cents for today and overnight the market nearly fell to the expanded limit before finding support. Right now futures are down about 2 cents. The financial markets are roiled this morning on poor financial news and [...] - Read More
Cotton prices fell on Wednesday and are trading 75 lower this morning on the very bearish USDA supply/demand report. - Read More
Cotton prices fell sharply on Monday but are trading a little higher this morning. 36% of the cotton crop has been planted and this compares to 28% on average. - Read More
Cotton prices fell again on Friday and are trading near unchanged this morning. There were no deliveries made on the May contract which will expire tomorrow. - Read More
Cotton prices fell on Thursday and are trading slightly higher this morning. There were 6 deliveries made by FC Stone and they were taken by Macquarie 5, Allenberg 1. - Read More
Cotton prices on Monday on news that India is lifting its ban on cotton exports. India will undercut US prices which will make it difficult for US prices to rise. There were no deliveries of cotton last night. - Read More
Cotton prices fell on Friday and are trading 80 points lower this morning. There were no deliveries of cotton made over the weekend. Scattered areas of W. Tx received rain this weekend with some areas receiving an inch or more. There is a 20 percent chance of rains tonight. - Read More
Cotton prices rallied on Thursday but are 30 lower this morning. There were 10 deliveries made by Allenberg. These were stopped by Macquarie 7, Newedge 2, FC Stone 1. The US Dollar Index is down 16 points at 78.85. - Read More
Cotton prices slipped on Wednesday but are 100 points higher this morning on good export sales. 149,900 bales were sold and 287,200 bales were shipped. India’s weather service predicts a normal monsoon this year. - Read More
Cotton prices pulled back on Tuesday but are trading higher this morning, influenced by the financial and grain markets. There were no deliveries of cotton on the May contract last night and May open interest has fallen to just 271 contracts now open. This indicates that merchants would rather hold on to the cotton they [...] - Read More
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