Cotton Prices Poised to Rise; Tariffs Could Thwart That

So the Hunt brothers tried to corner the silver market and Ned Cook knew he had the cornered the soybean market.  Both had the fundamentals down pat and were absolutely correct.  Their trades were a cinch for huge profit.  Their analysis was correct.   The problem was that both ran out of margin call funds before their trading strategy proved to be correct.   Both took massive loses and even a bankruptcy.  As deep as their pockets were, they were forced ou...
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Cotton Prices Await Clear Sign from China

The great fundamental that wreaks havoc on any market did just that to the cotton market all week.  That ole market adage, “when you go to bed with the government you usually get more than a good night’s sleep,” was the primary market factor all week.  The market was up 100 to 200 points one day then down near the same the next.  However, prices did end the week with a strong uptick, almost touching 81 cents and closing the week above 80 cents.  The technica...
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Cotton Prices Slide Reflecting Market Uncertainty

Last week’s incredibly bullish world supply demand report seemed to depress the market all week. The old adage of a bearish response to a seemingly bullish report possibly spells doom for the market.  Nevertheless, I wavered, I flipped and I flopped and the market was met with lower prices almost every day and the weekly settlement was 76.12, basis December. Market leadership will switch to the March contract Monday as the December contract goes first notice day.  Inter...
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Luthai:  Becoming the World’s Biggest Yarn-Dyed Mill

Luthai: Becoming the World’s Biggest Yarn-Dyed Mill

Requests for shorter lead times, higher quality, and more innovation are raising competitive standards even higher. Luthai Textile Co. Limited is tackling these challenges head on – and winning!  The China-based company is a specialist in 100% yarn-dyed fabrics, of which 70% are all cotton and the rest are blends with high-end fibers such as cotton/wool, cotton/cashmere, and cotton/linen. Today, Luthai is the world’s largest producer of yarn-dyed fabrics, as well ...
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Bros: The Go-To Resouce for Mélange Yarns

Bros: The Go-To Resouce for Mélange Yarns

When buyers need mélange (heather) yarn the first place they go is to Bros Eastern Co. Ltd., a specialist in this product. “We only make mélange yarn so we can really focus on making a great product – and then continue to improve it,” said Kevin Yang, Vice President. Products like Bros’ space dyed-like heather yarn, marl effects, neps effects, and denim-looking heather yarns are keeping heather yarns fresh.  The mélange yarn is availabl...
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Cotton Prices Get Pinched; Tariffs Are Blamed

B B King again sounds out, The Thrill is Gone. The November supply demand report shoveled out enough new information to send the market limit up.  Yet, two days after the report the market floundered and slid into the low 78 cent area, much like the response to a bearish report.  Such is the impact of the cotton tariff battle with China.  Raw cotton, that is “bales of cotton,” continue to get hammered via price while Chinese cotton textile goods, manufactured from non ...
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World Cotton Crop Declines, But Prices Remain Stable

Tariff concerns and traders' multiple views regarding the tariff continue to dominate cotton price direction, both up and down.  Meanwhile, world supply demand fundamentals appear to provide a firm price bracket for price movement.  The three plus cent trading range from 76 cents to 79.50 cents stills keeps prices restrained within that narrow range.  The world crop is slowly being down sized, but tariff related restrictions on demand have a firm chokehold on cotton&rsquo...
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Lower Stocks Support Cotton Prices

Cotton prices caught a break this week from what many called a neutral world supply demand report. The declining volume of world cotton stocks was the highlight of USDA’s October report and rode the wave nearly 200 points higher as it pressured the 79 cent level before settling the week at 78.37. Adding to bullishness of lower global stocks was the likely damage caused by Hurricane Michael’s destruction in southeast Alabama and some catastrophic destruction in big cotton plantings in...
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Cotton Prices Weaken, US-China Tariffs Blamed

There is a crisis in the Cotton Belt.  There is a crisis in the Heartland.  Agriculture is leading the charge to disaster.  Every morning begins with the chimes of two thoughts: I am wrong [about] trade and consequently I am wrong [about] the market.  We had considerable success earlier in the year and fixed the bulk of the crop between 80 and 94 cents, basis December.  Yet, I also felt that the December futures would rally and challenge 80 cents and above.  Too, I ...
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H.W. Textiles:  A Denim Leader Invests in Sustainability & Efficiency

H.W. Textiles: A Denim Leader Invests in Sustainability & Efficiency

The company is replacing all of the equipment at its mills starting from the fourth quarter of 2018. “We are not simply replacing a few parts, we are replacing the most of the machines,” said Mr. Tung. “The new machines will use less energy, less water, less chemicals and there will be less air pollution so it will be very good for the environment,” he added.
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