Top Headlines
  • DTN Cotton Close: Tropical Storm Slides By So Does the Market

    By Sep 06, 2018 11:00 AM

    December cotton finished lower with triple-digit losses. Speculators, disappointed by the less intensified Tropical Storm Gordon, liquidated long their positions. However, their selling was gated, as Wednesday’s action resulted in an “inside day.” That means the range of Wednesday was “inside” of that of Tuesday. Some traders see such patterns as indecisive indicators and may signal further sideways congestion. Yet, the market remains bearishly under the fundamental and technical guns of the trade.

  • NY coffee may bounce to $1.2190

    By May 09, 2018 3:26 PM

    New York May coffee may bounce to a resistance at $1.2190 per lb, as it has found a support at $1.2015. The support is provided by the 23.6 percent retracement on the downtrend from $1.3575 to $1.1530. Working together with the support is another one at $1.2065, the 50 percent retracement on the uptrend from $1.1530 to $1.2595.

  • Costa Coffee to break from Whitbread after investor pressure

    By Apr 26, 2018 11:59 AM

    Costa Coffee will be spun off as an independent business after owner Whitbread yielded to pressure from hedge fund investors who saw value in breaking up a group that also runs the Premier Inn hotel chain. Costa Coffee, second in the global coffee shop market after Starbucks Corp, had attractive long-term international opportunities, Whitbread said.

  • NY coffee may drop to $1.08 in three months

    By Apr 03, 2018 11:20 AM

    New York coffee may drop to $1.08 per lb in three months, as suggested by its wave pattern and a Fibonacci projection analysis. The contract is riding on a wave C, the third wave of a three-wave cycle from the October 2014 high of $2.2910. This wave has been interrupted twice by two bounces around a support at $1.2170, its 50 percent projection level.

Interview
Spot Prices
Cotton: Maharashtra (13/Nov 10:55 AM)

AGD (BB/29M) 45,600 0 0.00 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 46,100 0 0.00 %
Yarn: Punjab (27/Sep 03:48 PM)

Ludhiana(20S Comb(Wrap)) 176 0 0.00 %
Future Prices (13/Nov 10:49 AM)
ICE Cotton No.2 (USC/LB)
Dec 31, 2018 76.64 -1.04 -1.34 %
Mar 31, 2019 78.49 -0.93 -1.17 %
May 31, 2019 79.59 -0.95 -1.18 %
ZCE (Yuan/Ton)
Nov 30, 2018 14,410.00 -30.00 -0.21 %
Jan 31, 2019 14,755.00 -35.00 -0.24 %
Mar 31, 2019 15,145.00 -5.00 -0.03 %
Exchange Rates (13/Nov 10:49 AM)
1 US $ = Rs 72.55
-0.34 -0.47%
1 UK £ = Rs 93.42
10.92 13.24%
1 Eur € = Rs 81.59
-0.91 -1.10%
100 ¥en = Rs 63.64
-0.29 -0.45%
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