Wishing #cotton friends a very Happy Diwali and Prosperous new year. Lets choose cotton as its one of favourite natural fibre , comfortable , supports livelihood of many million of farmers and people , grown since 1000s of years , comfortable , durable and versatile.
🇧🇷Brazilian soybean planting hit 14% last Thursday, the third fastest pace for the date. That compares with 9% a week earlier and 8% in the same week last year.
Weekend thoughts !
Where would #cotton prices be trading if we wouldn't have know on call purchases are all time high 110 k plus ? Dec25 at 64 k on call purchases v/s 19 k on call sales
@Macr00s@OAcotton@billcrowder13 Brazil crop almost doubled from 2018 to 2025 and has potential to increase ahead. Supply increase hasn't been compensated by increase in demand. Fundamentally either dmemad has to increase or price has to decrease .
@BarryAycock@billcrowder13 Rising Brazil crop and potential to multiply even at current prices , ice available to hedge for world crop , high on call purchases size known to all ..... pressure on futures will stay and sell on rise works for specs.More than half rallies towards were on call sales squeeze
@billcrowder13 Last crop year must have been lowest move in average price . Most of days of last crop year futures traded between 64 cents - 69 cents.
What happens next year ?