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CHINA COMMODITIES SELLOFF DEEPENS AS STEEL POSTS WORST WEEK SINCE 2009

  NEGOTIATOR’S TAKE: Sharp fall in Chinese metals likely means lower prices globally.   May 2016 – Shanghai – Commodity slide spills over into stocks Chinese commodities prices spiraled lower on Friday, with steel futures suffering their worst week since

Cotton slump continues for 12th session on China concerns

Cotton fell almost 19 percent to 75.85 cents a pound on ICE Futures U.S. in New York since reaching a 16-month closing high of 93.32 cents on Aug. 16. Traders say they expect the state-owned company that controls China’s cotton

Cotton tumbles to 9-month low

Cotton prices fell to a nine-month low after data showed demand for the fiber has waned just as production is ramping up, as favorable weather conditions in key cotton-growing states in the U.S. was likely to boost the pace of the

How will China cotton policy change impact the world market?

China is the largest importer of raw cotton in the global market. In 2011, the Chinese government began stockpiling cotton in an effort to support domestic farmers through the establishment of purchase prices. In 2012, the government stockpiled 85% of

How will China influence the cotton market?

The December cotton contract closed below its 50- and 100-day moving averages at 85.24 cents and 85.72 cents on Monday, an indication of technical pressure in a market that has been largely range-bound in recent sessions. Trading volumes totaled fewer

Declining cotton production will lead to higher prices in 2013-14

“Global cotton production will decrease by 11 percent to 23.2 million tons (106.56 million bales) in 2013-14 due to lower cotton prices and increased attractiveness of competing crops”, says the International Cotton Advisory Committee (ICAC) in its latest market outlook published

Commodities Erase 2012 Gain on Global Economic Woes

Commodities declined, erasing this year’s advance, on speculation that demand for energy, industrial metals and some agricultural products will slump because of the sluggish global economy. Cotton futures fell the most in 10 weeks, and crude oil dropped to the

Lumber at 18-month high; Cotton at 5-month

Lumber prices shot higher this week, reaching the highest price in over 18 months, spurred on by a stronger housing market. On Wednesday, the US Commerce Department released figures showing that new home construction in September reached an annualized rate

USDA releases new Crop Production report

USDA released today its October Crop Production report which shows corn production down slightly from September forecast, soybean production up 9% and cotton production up 1%. Corn production is forecast at 10.7 billion bushels, down slightly from the September forecast and

Cotton Glut Seen Extending Slump as Levi’s Costs Slide

Cotton warehouses from China to Australia are bulging with the biggest-ever glut, a year after record prices spurred farmers to expand output. Prices tumbled 16 percent this year. Harvests will exceed demand for a third year, swelling stockpiles by 10