International Cotton Market

19-Nov-2024 08:33 AM

International Cotton Market
It looks like you're keeping an eye on the latest cotton market developments. Here's a summary of the key points:

US Cotton Harvesting: By November 17, cotton harvesting in the United States had reached 77%. This is an important indicator of the current state of the crop, which impacts both the domestic and international cotton markets.

SEAM Cotton Sales: On November 15, the Southeast Association of Market (SEAM) sold 1,840 bales of cotton online. This could suggest a relatively stable demand for cotton, though the quantity is on the smaller side compared to larger trade volumes.

ICE Certified Cotton Stock: The Intercontinental Exchange (ICE) has 13,187 bales of certified cotton stock remaining. This figure can influence futures markets, as the stock is a reserve for fulfilling contracts and can be used to gauge liquidity and potential price movements.

Would you like more detailed analysis on any of these points, or insights on how they might affect cotton prices and trends?