Futures Trading Market Analysis for May 10, 2012

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Cotton report is very bearish.

Cotton prices fell on Wednesday and are trading 75 lower this morning on the very bearish USDA supply/demand report. - Read More

Cotton prices holding near unchanged.

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

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan - [edit]

Cotton trades near unchanged.

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

In Grain Futures | Market Analysis | Softs Futures | Uncategorized
by John Flanagan - [edit]

Cotton near unchanged after yesterday’s plunge.

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

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan - [edit]

Cotton down sharply this morning.

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

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan - [edit]

Cotton trades higher to hold onto acres.

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

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

Cotton is supported by short covering.

Cotton prices on the May contract were supported by short covering as evidenced by the large reduction in May open interest. Traders were probably taking advantage of the bearish USDA supply/demand report to cut their positions in the May contract. West Texas received rains of ¼” to 1” and the area is forecast to receive [...] - Read More

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

Cotton recovers modestly.

Cotton prices slipped lower on Thursday but are trading 50 higher this morning. Equity markets are trading lower this morning and this should limit the upside in cotton. The US Dollar Index is 9 higher at 80.18. Crude oil is down $1.57 at $101.74. May soybeans were down ½ cent overnight at $14.33 ½. May [...] - Read More

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

Cotton trades steady after good export sales.

Cotton prices fell to near limit losses on Wednesday on ideas that China’s cotton buying binge is ending. Open interest increased 1,237 contracts indicating that new shorts were added during the price decline. Analysts estimate that China has bought 19 million bales for their strategic cotton reserve, and if true it would mean they could [...] - Read More

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

Cotton gains on grains this morning.

Cotton prices slipped modestly on Monday and are trading modestly higher this morning. The planting progress report shows cotton plantings 5% complete. This compares to the 5 year average of 4%. The US Dollar Index is up 10 points at 79.07. Crude oil is down 62 cents at $104.61. May soybeans were down 6 cents [...] - Read More

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

Cotton easing down after yesterday’s short covering rally

Cotton prices surged higher on short covering ahead of Friday’s Planting Intentions report. Open interest in May cotton futures fell by 5,493 contracts. The National Cotton Council’s survey in January estimated cotton acres at 13.6 million, but since then, soybeans have gained 5% while cotton prices slipped a little and that suggests that cotton acres [...] - Read More

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

Cotton prices steady this morning

Cotton prices were mixed on Friday and are trading mixed this morning. Reports from India say that cotton farmer suicides have increased this year due to falling yields on their bt cotton and increased use of insecticides has increased. India has allowed bt cotton for 10 years and initially yields increased to 494 lbs/acre. However, [...] - Read More

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

Cotton steady to higher this morning.

Cotton prices rallied on Thursday on strong export sales. This morning, cotton is trading25 higher. There were 712 bales of cotton decertified from deliverable stocks, leaving 94,578 bales available for delivery. The US Dollar Index is down 26 points at 79.74. Crude oil is up $1.23 at $106.58. May soybeans were up 13 ½ cents [...] - Read More

In Grain Futures | Market Analysis | Softs Futures
by John Flanagan

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