Cotton

Re: Cotton

Postby winston » Thu May 05, 2011 12:17 pm

China Cotton

DJ UPDATE: China Cotton Futures Sharply Lower On Inventory Glut

BEIJING (Dow Jones)--Cotton futures on the Zhengzhou Commodity Exchange fell sharply Thursday due to an inventory glut, broad commodity weakness and concerns over macroeconomic policy tightening.

The most actively traded September contract dropped 4.9% to CNY24,915 a metric ton around 0230 GMT.

Cotton has stumbled since March this year due to oversupply and high private inventories.

Sales of key cotton products in April reached their lowest level since September 2008, while spot prices were at their lowest since October 2010, stockpiler China National Cotton Reserves Corp. said in a report Wednesday.

Zhengzhou cotton has fallen 39% since its mid-February peak.

Separately, the China Cotton Association said Thursday that dry, hot weather in the last 10 days of April in the Xinjiang Uyghur Autonomous Region, a major cotton-producing area, may have affected acreage.

In some areas, planting was 3-18 days behind the usual schedule, it said in a report. However, it added that soil moisture remained favorable, and rainfall expected in the first 10 days of May was likely to offset the risk of crop dehydration from delayed planting.

Source: Dow Jones Newswire
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Re: Cotton

Postby winston » Thu Aug 18, 2011 9:41 pm

Cotton not acting soft of late….channel breakout looks to be at hand- by Chris Kimble

Cotton has been one of the hardest hit commodities this year, seeing over 50% of its value slip away in a matter of months.

I shared a few weeks ago that agressive investors should look at "catching a falling knife, due to hitting channel support" and pick up some Cotton, via the ETF BAL....(see post here)

Nice price action has taken place of late and it appears BAL is attempting a breakout at (1)!

http://blog.kimblechartingsolutions.com ... e-at-hand/
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Re: Cotton

Postby winston » Tue Oct 25, 2011 3:10 pm

China 2011 Cotton Output Likely Up 9.3% On Year -Association
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Re: Cotton

Postby winston » Tue Oct 25, 2011 3:19 pm

Shanghai copper hit its daily upper trade limit on Tuesday, climbing for a third straight session.

Source: Reuters
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Re: Cotton

Postby winston » Mon Nov 21, 2011 2:45 pm

*DJ China October Cotton Imports 252,295 Tons, Almost Triple On Year

BEIJING (Dow Jones)--China's cotton imports in October almost tripled on year, to 252,295 metric tons, down 0.2% compared with September, the General Administration of Customs said Monday.

Imports reached 2.2 million tons in the Jan-Oct period, down 2.4% on year, customs said.

China is the world's largest cotton producer, consumer and importer.

Source: Dow Jones Newswires
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Re: Cotton

Postby winston » Tue Mar 06, 2012 7:45 am

India Bans Cotton Export To Raise Domestic Supply

(RTTNews) - India on Monday announced a ban on cotton export in an effort to increase its supply in the domestic market.

"Export of cotton has been prohibited till further orders. Exports against registration certificates already issued will not be allowed either," the country's Director-General of Foreign Trade said in a statement.

The world's second largest producer of cotton, India exports mainly to China which is the world's largest user of the natural fiber.

India had already exported 8.5 million bales, higher than government estimates made in January of 8.4 million bales of 170 kilograms each for the year, on strong demand from China. Over 80 per cent of exports so far have headed to the Asian giant, Indian media reports said.

Traders in India had signed contracts for nearly ten million bales in total for export. Domestic textile mills were worried that such large quantities of exports would cut availability in the domestic market.

"It is a very regretful decision and this will permanently damage the reputation of the country in the international market," Cotton Association of India President Dhiren N. Sheth said.

Source: RTT
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Re: Cotton

Postby winston » Wed Mar 28, 2012 12:31 pm

These 'experts" can forecast up to one decimal point :lol: :lol:

DJ China 2012 Cotton Planting May Decline 16.7% On Low Prices - Association

BEIJING (Dow Jones)--Chinese farmers will likely reduce cotton acreage by 16.7% this year, the China Cotton Association said in its latest survey.

According to the survey of 2,676 farming households nationwide posted on the association's website Tuesday, about 38% of cotton growers said they will reduce acreage this year while 5.4% of them will increase planting.

The association at the end of last year estimated 2012 cotton acreage would fall 10.5% to 5.2 million hectares.

Weak cotton prices, coupled with increasing labor, fertilizer and seed costs dampened planting intentions, the association said.

China will start planting cotton in early April and harvest begins around mid-October.

China is the world's largest cotton producer, consumer and importer.

Source: Dow Jones Newswires
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Re: Cotton

Postby winston » Mon Sep 03, 2012 10:04 am

*DJ China Starts Selling Cotton Reserves; Offering 35,708 Tons Monday

Source: Dow Jones Newswires
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Re: Cotton

Postby winston » Tue Sep 04, 2012 2:57 pm

Expanding Cotton Glut Extends Price Slump as Levi Costs Slide: Commodities

Cotton warehouses from China to Australia are bulging with the biggest-ever glut, a year after record prices spurred farmers to expand output.

http://www.bloomberg.com/news/2012-09-0 ... slide.html
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Re: Cotton

Postby winston » Wed Sep 12, 2012 3:38 pm

China Buys Australia’s Largest Cotton Producer
September 10th, 2012

CHINESE investment in Australia almost doubled last year, as the world’s second-largest economy flexed its economic muscles abroad, according to new data from the Ministry of Commerce.

Recent Chinese investment in Australia includes the sale of Australia’s largest cotton producer, Cubbie Station, to a Chinese-led consortium, approved by the Foreign Investment Review Board on Friday.

Chinese companies – both private and state-owned – invested a total of $3.2 billion in Australia in 2011, an 86 per cent increase from 2010. Australia is the third-most-popular investment destination behind the European Union and the ASEAN countries.

Source: Sydney Morning Herald

http://www.smh.com.au/business/chinese- ... 258cq.html
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