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Tampilkan postingan dengan label cotton future. Tampilkan semua postingan
Tampilkan postingan dengan label cotton future. Tampilkan semua postingan
Future Prices Cotton Surge as as Increased Export Commodity from USA
Written By mine on Jumat, 11 Februari 2011 | 22.16
Cotton futures prices surged as increased exports from the U.S., the world?s largest shipper, signaled that global demand remains robust. Orange juice was unchanged, while coffee declined.
Cotton for March delivery climbed 2.39 cents, or 1.3 percent, to settle at $1.8997 a pound on ICE Futures U.S. at 2:56 p.m. in New York. Earlier, the fiber touched a record $1.9455.
In the week ended Feb. 3, U.S. cotton shipments jumped 26 percent from a week earlier, the Department of Agriculture said yesterday. Prices have more than doubled in the past year as adverse weather slashed global crops and mills boosted purchases in China, the biggest user.
?The U.S. export sales showed that despite the high price of cotton, demand isn?t dipping,? Ker Chung Yang, an analyst at Phillip Futures Pte, said by telephone from Singapore.
Global output will be 115.25 million bales in the year ending July 31, 0.2 percent lower than a January forecast, the USDA said on Feb. 9. Demand will total 116.55 million bales, the agency said.
Prices jumped 13 percent this week, the biggest weekly gain since early December.
Futures may climb to $2 a pound, Judith Ganes-Chase, a Katonah, New York-based commodity consultant, said, without specifying a time frame. After that, the fiber may be vulnerable to a drop, she said.
?We will see a huge increase in planting globally because of the way cotton has run up, and that will gradually start pressurizing prices,? she said.
U.S. cotton farmers will increase acreage by 14 percent this year, the National Cotton Council said on Feb. 5.
Orange-juice futures for March delivery was unchanged at $1.6525 a pound in New York. The most-active contract lost 4.3 percent this week.
Arabica-coffee futures for March delivery fell 2.9 cents, or 1.1 percent, to $2.5495 a pound on ICE. In London, robusta- coffee futures for May delivery fell $4, or 0.2 percent, to $2,255 a ton on NYSE Liffe.
Cotton for March delivery climbed 2.39 cents, or 1.3 percent, to settle at $1.8997 a pound on ICE Futures U.S. at 2:56 p.m. in New York. Earlier, the fiber touched a record $1.9455.
In the week ended Feb. 3, U.S. cotton shipments jumped 26 percent from a week earlier, the Department of Agriculture said yesterday. Prices have more than doubled in the past year as adverse weather slashed global crops and mills boosted purchases in China, the biggest user.
?The U.S. export sales showed that despite the high price of cotton, demand isn?t dipping,? Ker Chung Yang, an analyst at Phillip Futures Pte, said by telephone from Singapore.
Global output will be 115.25 million bales in the year ending July 31, 0.2 percent lower than a January forecast, the USDA said on Feb. 9. Demand will total 116.55 million bales, the agency said.
Prices jumped 13 percent this week, the biggest weekly gain since early December.
Futures may climb to $2 a pound, Judith Ganes-Chase, a Katonah, New York-based commodity consultant, said, without specifying a time frame. After that, the fiber may be vulnerable to a drop, she said.
?We will see a huge increase in planting globally because of the way cotton has run up, and that will gradually start pressurizing prices,? she said.
U.S. cotton farmers will increase acreage by 14 percent this year, the National Cotton Council said on Feb. 5.
Orange-juice futures for March delivery was unchanged at $1.6525 a pound in New York. The most-active contract lost 4.3 percent this week.
Arabica-coffee futures for March delivery fell 2.9 cents, or 1.1 percent, to $2.5495 a pound on ICE. In London, robusta- coffee futures for May delivery fell $4, or 0.2 percent, to $2,255 a ton on NYSE Liffe.
Cotton Demand Rise since 37 years, Price Future Delivery Rose
Written By mine on Sabtu, 08 Januari 2011 | 13.40
Cotton demand rise, limiting the largest annual profit since 1973, as inventories fall, bad weather damaged global crops and soaring demand in China, the world's largest user.Cotton futures for March delivery rose 1.97 cents, or 1.4 percent, to settle at $ 1.4481 at 2:36 at ICE in New York. Earlier, prices rose 4 cents, the exchange limit. Prices will remain strong because the supply situation will not improve in the near future.
Prices of cotton jumped 92 percent in 2010, touching a record $ 1.5912 on December 21. fiber is the best player among the 19 commodities tracked by Thomson Reuters CRB / Jefferies Index. The index has risen 17 percent this year.
Stocks that are monitored by ICE Futures U.S. fell 72 percent in 2010, the biggest annual decline since at least 2003, when data begins. Floods in Australia and Pakistan and hail in Texas, largest state in the U.S. produce, crops damaged. Chinese imports will jump 56 percent this year, according to data from the U.S. Department of Agriculture.
