The Rise of Cotton, the Decline of Supply [View article]
Part one of the thesis is in place... GLG was right, I updated the spot price for cotton to reflect feb's increase and in return produced acerage count of 9.13 ) 3% margin of error from as reported.
Part two will be born out as supply/demand is shown throughout the world helping to bring down America's 9m bale inventory. America's stock is much more loose then the rest of the world.
Look for Thursday's export numbers, look for April 9th USDA report and get long may cotton below 71... and long dec below 79.
The Rise of Cotton, the Decline of Supply [View article]
Additionally, if you believe that 9.5m number out of the u.s. then why are you bullish on cotton? At that production stock-to-use ratio remains well above historic lows and any indication of tight inventory. In this case it took field research, farmer contact - lots of homework time - to come to a number. You'll notice in the next two months when official acreage report numbers are released that cotton acreage is below current NCC and USDA estimates.
The Rise of Cotton, the Decline of Supply [View article]
Part two will be born out as supply/demand is shown throughout the world helping to bring down America's 9m bale inventory. America's stock is much more loose then the rest of the world.
Look for Thursday's export numbers, look for April 9th USDA report and get long may cotton below 71... and long dec below 79.
The Rise of Cotton, the Decline of Supply [View article]
The Rise of Cotton, the Decline of Supply [View article]
The Rise of Cotton, the Decline of Supply [View article]
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