Hedge fund trader in a hot 23-yr affair with cotton.
Advisor to the cotton, textile and apparel supply-chain on the subject of cotton price.
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May 1, 2023 • 17 tweets • 9 min read
Here a couple of reasons on why ICE #cotton July 23 is moving back to 85 and higher.
1/17
On Friday, China's ZCE #cotton most active contract, the Sept 23 futures, closed at life of contract high
2/17
May 15, 2020 • 5 tweets • 2 min read
Last night market closed at 57.85 cts/lbs on the nearby July contract, 57.76 on the December contract and 58.08 on the December 2021 contract, a week on week increase of 6% for and a four week change of 10% in the July contract.
The drivers were new Chinese sales, partial liquidation of the speculative short position and higher than usual correlation between the ICE cotton market and the stock market in the US, which has increased materially in the last four weeks.
