Wt Cotton Discussion Threads

[bobdouthwaite] 24/4/2010 09:45

Thanks Jackpipe, I'm not a trader and I saw that happen spectacularly with my holding in LSUG recently, although I sold up in profit. The leveraged agricultural ETFs seem to be much less volatile than the energy ones, e.g. leveraged natural gas, so I hope that a trailing stop might protect any gains this time around. We'll see - it's a small stake anyway.

[jackpipe] 23/4/2010 14:43

Watch the leveraged ETFs. I would say they are more for short term trading than long term holding, as they can slip badly relative to the underlying, over time.

[bobdouthwaite] 23/4/2010 14:19

Well I've joined you, on the leveraged ETF LCTO. World cotton stocks have been falling and demand is expected to increase, so fingers crossed...

[sllab101] 23/4/2010 10:57

Hi, yes I do but can't tell you much, just a long term holder of COTN.

[bobdouthwaite] 23/4/2010 10:44

Is there anyone out there following cotton?


DJ ICE Cotton Review: Slips; Rally Pauses With Outside Pressure

NEW YORK (Dow Jones)--Cotton prices fell Thursday as bearish outside
conditions curbed the market's recent demand-driven rally.

Nearby May cotton on ICE Futures U.S. settled 0.62 cents or 0.7% at 82.42
cents a pound. The most-active July contract settled 0.33 cents or 0.4% lower
at 84.82 cents a pound.

Cotton prices eased back from two-year highs hit Wednesday by the May
contract. Futures rallied as the already tight world supply situation was
jolted by an export ban from India, the world's No. 2 exporter behind the U.S.
India said it planned to meet the export target set before shipments were
cutoff, but uncertainty remains about shifts in demand and available supplies.

"The final affect of the Indian moratorium on [export] registrations is not
in place--the market's going to regroup and make another run at the highs,"
said Keith Brown, principal of Keith Brown & Co. in Moultrie, Ga.

Cotton gains were capped by bearish outside market conditions Thursday. The
dollar rose on risk aversion amid ongoing Greek debt concerns. Metals and sugar
took losses along with cotton as the strong greenback makes those contracts
pricier in other currencies. Equities were also weaker as cotton closed.

Traders are now looking to May first notice day Monday for demand cues.
Physical cotton deliveries against the May futures contract will indicate
demand as ICE cotton stocks against the May and July futures contracts hold a
mass of available supply.

World cotton demand has rebounded in the last year from after a rough period
that coincided with slowed global economic growth. Consumers cut textile
purchases when budgets are tight, but linens and clothing are among the first
items bought when finances ease. In a year of weaker-than-expected production,
the world cotton demand is expected to outpace demand by 14% in the season
ending July 31.

The U.S. is the No. 3 cotton producer behind China and India. China is also
the leading cotton importer and textile manufacturer.

ICE daily cotton stocks increased by 30,442 500-pound bales Wednesday to
total 957,439 bales with 47,042 bales awaiting review, according to exchange
data.

ICE cotton open interest--the number of active positions left at the end of
the session--increased by 1,863 positions Wednesday to total 184,570, according
to the exchange.

Volume through the close was estimated 27,793 lots. In options, approximately
4,559 calls and 9,017 puts traded on the floor in the same timeframe, according
to exchange data.

Close Change Range
May 82.42 -62 pts 82.05-83.78
Jly 84.82 -33 pts 84.37-85.97
Dec 77.19 +17 pts 76.70-77.28


-By Holly Henschen, Dow Jones Newswires; 212-416-2138 begin_of_the_skype_highlighting 212-416-2138 end_of_the_skype_highlighting;
[e-mail]


(END) Dow Jones Newswires

04-22-10 1528ET

Copyright (c) 2010 Dow Jones & Company, Inc.

[mr.elbee] 26/10/2009 14:56

floods in US means price will soar

[notanewmember2] 01/4/2009 19:49

Repeat of 2001 a double trough formation and RSI indicator pattern. We're just touching the 200MA, so critical juncture is here. A bit of "Way of the turtle" patience is required. One may need to average down to these levels to benefit.

[diamond1] 01/4/2009 10:00

Hello notanewmember,

I thought I was the only person interested in Cotton. I first got in about this time last year when this index was about 3p. meaning I'm sitting on a loss at the moment. Jim Rogers said "Buy Cotton" so I did but then the financial meltdown started. That said, cotton fields worldwide have been reduced to be replaced by biofuel crops so there will be a shortage very soon. Here's hoping.

[nabcom] 18/9/2008 08:34

Most discussion on the situ is on:

[pelleeds1980] 18/9/2008 08:24

Same boat as you mate - if you go on the ETF Securities site they are still trading just LSE wont list them at the minute I dont know why. Since AIG is ok now I hope these are trading soon as quite anxious now

[skyship] 17/9/2008 15:20

What the hell has happened here?

Even if we're part of AIG - surely we're not Broke!?/#~

[sllab101] 11/6/2008 17:13

dec 09 price looks good.

[sllab101] 11/6/2008 17:09

opex move.

[jackpipe] 11/6/2008 16:53

Is my screen broken or did the cotton ETF jump 40 points today? Are we seeing a short squeeze in the commodities?

[anubus] 30/3/2008 12:39

question answered.

[anubus] 27/3/2008 18:48

Mas...do you think it will break through and down at 2.60 or bounce up????
ps pure amateur question.

[masurenguy] 27/3/2008 09:24

Considerable volatility over the past few weeks !

[hodginsjkp] 11/3/2008 22:44

limit up, limit down, limit down, limit up is real.
Futures traders/hedge funds trying to s*rew traditional funds.
Likely to rise a lot more as can only go limit up and todays crop information seen as bullish.
SIPP/ISA sane way, spreadbet/futures for the very brave or long dated call option if you want to sleep well.

[sllab101] 11/3/2008 22:29

Just look at the futs.

[anubus] 11/3/2008 21:54

just dipped into these today with 2½k in the kitty.
can anyone explain the frequent spikes? are these real or aberrations?

[hodginsjkp] 09/3/2008 23:28

3 days down in a bull market good mantra for buying. Gap closing?
Best left in ISA/SIPP
If you want it faster trade future or spreadbet

[masurenguy] 07/3/2008 11:56

Not in oil - spot price still above $105.

[chaffey] 07/3/2008 11:06

Looks like a retrace/profit taking is underway in most commodities. Does anybody have any link for up-to-date Jim Rogers reports?

[diamond1] 07/3/2008 10:03

Just stuck these in my ISA. Jim Rogers said buy Cotton and that will do for me.