Weekly Analysis: Cotton and Sugar

2021-05-09T12:19:22-05:00May 9th, 2021|Softs, Weekly Analysis|

Old-Crop Cotton (July) Secondary Trend: Down Futures Spreads: NA (May contract is in delivery) Market Type: NA (Though basis could be used as the fundamental read) Analysis: July cotton still looks to be in a secondary downtrend on its weekly [...]

Weekly Analysis: Cotton and Sugar

2021-03-08T09:29:07-06:00March 8th, 2021|Softs, Weekly Analysis|

Old-Crop Cotton Futures: May 2021 Weekly Close: 87.76, down 1.07 cents Secondary Trend: Down Noncommercial Position (as of Tuesday, March 2): 91,575 contracts net-long, down 5,453 contracts May-July Futures Spread: 0.91 cent carry, Neutral-to-Bearish Analysis: May cotton followed through on [...]

Weekly Analysis: Softs

2021-02-07T14:45:38-06:00February 7th, 2021|Softs, Weekly Analysis|

Cotton  (Old-Crop Futures, New-Crop Futures): Minor (short-term) Trend: Sideways Secondary (intermediate-term) Trend: Up Noncommercial Futures Position (as of 02/02/21): Net-long 73,905, a decrease of 4,321 contracts from the previous week. Futures Spreads: Bearish. The March-May spread closed at a carry [...]

Weekly Analysis: Softs

2020-12-20T15:29:25-06:00December 20th, 2020|Softs, Weekly Analysis|

Old-Crop Cotton Futures: March 2021 Weekly Close: 77.16, up 3.08 cents Secondary Trend: Up Noncommercial Position (as of Tuesday, Dec. 15): 81,341 contracts net-long, up 13,381 contracts March-May Futures Spread: 0.67 cent carry, Neutral Analysis: The March contract extended its [...]

Weekly Analysis: Softs

2020-12-13T15:49:20-06:00December 13th, 2020|Softs, Weekly Analysis|

Old-Crop Cotton Futures: March 2021 Weekly Close: 74.08, up 2.51cents Secondary Trend: Up Noncommercial Position (as of Tuesday, Dec. 8): 67,960 contracts net-long, down 2,839 contracts March-May Futures Spread: 0.81 cent carry, neutral-to-bearish Analysis: The March contract extended its uptrend [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-11-15T15:36:00-06:00November 15th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 68.62, down 0.16. Secondary Trend: Down. Dec-March Spread: 1.94 carry = Bearish. Market Type: 1 = Most Bearish. Price Distribution: Upper 47% = Neutral. Target: 64.04. Analysis: As it nears the end of its run, [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-10-18T12:01:43-05:00October 18th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 69.92, up 2.28. Secondary Trend: Up. Dec-March Spread: 0.64 carry = Bearish. Market Type: 7 = Less Bullish. Price Distribution: Upper 38% = Neutral. Target: 73.00. Analysis: Dec cotton extended its secondary uptrend last week [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-10-11T11:42:27-05:00October 11th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 67.64, up 1.82. Secondary Trend: Up. Dec-March Spread: 0.78 carry = Bearish. Market Type: 7 = Less Bullish. Price Distribution: 50% = Neutral. Target: None at this time. Analysis: Dec cotton posted a bullish breakout [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-27T13:57:26-05:00September 27th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 65.95, up 0.29. Secondary Trend: Sideways. Dec-March Spread: (-0.71) = Bearish. Market Type: 4 = Neutral-Bearish. Price Distribution: Lower 44% = Neutral. Target:None at this time. Analysis: Dec cotton remains in a secondary sideways trend [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-20T10:30:04-05:00September 20th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 65.66, up 0.85. Secondary Trend: Sideways. Dec-March Spread: (-0.92) = Bearish. Market Type: 4 = Neutral-Bearish. Price Distribution: Lower 42% = Neutral. Target:60.23 to 58.32. Analysis: Dec cotton popped to a new 4-week high of [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-13T10:58:54-05:00September 13th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 64.81, down 0.18. Secondary Trend: Sideways. Dec-March Spread: (-0.97) = Bearish. Market Type: 4 = Neutral-Bearish. Price Distribution: Lower 35% = Bullish. Target:60.23 to 58.32. Analysis: Dec cotton continues to consolidate, moving toward confirmation of [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-06T13:52:16-05:00September 6th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 64.99, down 0.09. Secondary Trend: Sideways. Dec-March Spread: (-0.98) = Bearish. Market Type: 4 = Neutral-to-Bearish. Price Distribution: Lower 37% = Bullish. Target:68.98. Analysis: Consolidated last week before slipping to a lower weekly close. This [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-06-14T08:01:17-05:00June 14th, 2020|Softs, Weekly Analysis|

Cotton July 2020 closed at 59.84, down 1.95 for the week. Trends: Minor = Down. Secondary = Up. Targets: Minor = 56.91, Secondary = 64.39. Conclusion: The secondary uptrend could see a minor pullback this coming week. Theoretical Position: 2019 [...]

Weekly Analysis: Softs

2020-03-08T09:00:19-05:00March 8th, 2020|Softs, Weekly Analysis|

Cotton May 2020: The contract closed at 62.79, up 1.30 for the week. Despite the higher weekly close, May cotton remains in a secondary (intermediate term) downtrend. However, the previous week’s sharp sell-off technically completed the 3-wave pattern with its [...]

Weekly Analysis: Softs

2020-01-26T08:00:09-06:00January 26th, 2020|Softs, Weekly Analysis|

Cotton March 2020: The contract closed at 69.50, down 1.85 for the week. The March contract followed through on the previous week’s bearish spike reversal, extending its recently established secondary (intermediate term) downtrend to 69.40. The initial downside target area [...]

Weekly Analysis: Softs

2019-12-01T17:25:52-06:00December 1st, 2019|Softs, Weekly Analysis|

Cotton March 2020: The contract closed at 65.36, up 0.51for the week. Despite a higher weekly close the March contract remains in a secondary (intermediate-term) downtrend. Last week saw the contract post an inside trading range, supported by light commercial [...]

Weekly Analysis: Softs

2019-11-17T15:49:52-06:00November 17th, 2019|Softs|

Cotton December 2019: The contract closed at 64.86, up 0.14 for the week. Despite another higher weekly close, Dec cotton still looks to be in a secondary (intermediate term) downtrend following the recent bearish key reversal on its weekly chart. [...]

Weekly Analysis: Softs

2019-09-22T17:49:37-05:00September 22nd, 2019|Softs, Weekly Analysis|

Cotton December 2019: The contract closed at 60.52, down 1.76 for the week. Despite its lower weekly close, Dec cotton remains in a secondary (intermediate-term) uptrend. However, its minor (short-term) trend remains down with next support at 59.99, then 59.19. [...]

Weekly Analysis: Softs

2019-09-01T16:39:11-05:00September 1st, 2019|Softs|

Cotton December 2019 (new-crop): The contract closed at 58.83, up 0.62 for the week. After falling to a new low for this move, Dec cotton was able to rally to a higher weekly close. This looks to be a bullish [...]

Weekly Analysis: Softs

2019-08-25T09:16:38-05:00August 25th, 2019|Softs, Weekly Analysis|

Cotton December 2019 (new-crop): The contract closed at 58.21, down 1.92 for the week. Dec cotton is consolidating above its recently established contract low of 57.26. However, the contract was unable to follow-through on the previous week’s bullish signals, keeping [...]

Weekly Analysis: Softs

2019-07-07T18:24:38-05:00July 7th, 2019|Softs, Weekly Analysis|

Cotton December 2019 (new-crop): The contract closed at 66.82, up 0.74 for the week. New-crop December posted a new 4-week high of 68.35 last week, confirming a move to a new secondary (intermediate-term) uptrend. Weekly stochastics established a bullish crossover [...]

Weekly Analysis: Softs

2019-05-19T16:18:27-05:00May 19th, 2019|Softs, Weekly Analysis|

Cotton July 2019 (old-crop): The contract closed at 65.99, down 2.46 for the week. Old-crop cotton extended its secondary (intermediate-term) downtrend to a new low of $64.50 last week, before rallying slightly into Friday’s close. Still, weekly stochastics are not [...]

Weekly Analysis: Softs (Cotton and Sugar)

2019-05-12T09:36:08-05:00May 12th, 2019|Softs, Weekly Analysis|

Cotton July 2019 (old-crop): The contract closed at 68.45, down 7.23 for the week. Old-crop cotton collapsed last week, moving below major (long-term) support on the market’s continuous monthly chart at 69.53 (low from February 2019). This opens the door [...]

Weekly Analysis: Softs

2019-04-28T13:58:28-05:00April 28th, 2019|Softs, Weekly Analysis|

Cotton July 2019 (old-crop): The contract closed at 77.70, down 0.57 for the week. The contract consolidated within the previous week’s trading range last week before closing lower. Despite the recent bearish crossover by weekly stochastics, the door remains open [...]

Weekly Analysis: Softs

2019-04-19T10:18:44-05:00April 19th, 2019|Softs, Weekly Analysis|

Cotton July 2019 (old-crop): The contract closed at 78.27, down 0.59 for the week. July cotton followed-through on the previous week’s bearish crossover by weekly stochastics above the overbought level of 80%, posting a weekly low of 76.30 before rallying. [...]

Softs

2019-01-20T13:11:29-06:00January 19th, 2019|Softs, Weekly Analysis|

Cotton March 2019 (old-crop): The contract closed at 73.89, up 1.40 for the week. Technically it could still be argued that old-crop cotton is in a secondary (intermediate-term) uptrend, though the contract has done little but post a modest rally [...]

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