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User 170519 » Comments » DJP

  • The Rise of Cotton, the Decline of Supply  [View article]
    Perhaps you should have asked GLG for his inputs, rather than taking offense....... Simply change your time horizon. Theres nothing wrong with that, but its better to look into what some one else suggests. If he is wrong, then prove it. By the way, the ICAC came out with a crappier assessment of world cotton demand yesterday. The entire futures curve seems over-priced for the time being.
    Pray for bad weather.
    Apr 03 14:53 pm |Rating: 0 0 |Link to Comment
  • The Rise of Cotton, the Decline of Supply  [View article]
    April 2 (Bloomberg) -- Cotton fell for the fourth time in
    five sessions after the International Cotton Advisory Committee
    said global production will rise in the next marketing year.
    Output will increase 3.3 percent to 26.9 million metric
    tons in the year that begins Aug. 1, the ICAC said yesterday.
    The group represents 44 cotton-producing and -consuming
    countries. Use will rise 1.3 percent to 27.5 million tons,
    dropping global stockpiles 5.5 percent to 10.96 million tons.
    ``There are still burdensome stocks,'' said Fain Shaffer,
    president of Infinity Trading Corp. in Medford, Oregon.
    Cotton for May delivery fell 0.27 cent, or 0.4 percent, to
    70.18 cents a pound on ICE Futures U.S., formerly the New York
    Board of Trade. The price has surged 32 percent from a year
    ago, reaching a 12-year high of 92.86 cents on March 5.
    Apr 02 16:37 pm |Rating: 0 0 |Link to Comment
  • The Rise of Cotton, the Decline of Supply  [View article]
    Well Farmer Joe, thats bullish for cotton. Because now you have to buy a NEW shirt. Which is made from cotton. Those extra acres are now meaningless.

    Im still amazed that you would argue with the rest of the world on a subject you havent traded in the past. Most of us have either worked on cotton farms as kids, or have been trading this for over 10 years.

    Academic research is very often way off the mark. Thanks.
    Mar 31 11:02 am |Rating: 0 0 |Link to Comment
  • The Rise of Cotton, the Decline of Supply  [View article]
    Do you still own your COTN? I need to know please. You seemed very bearish on cotton with higher acres. You said above:

    "if you believe that 9.5m number out of the u.s. then why are you bullish on cotton?"

    Should we sell? Are you selling your COTN?

    Thanks
    Mar 31 10:36 am |Rating: 0 0 |Link to Comment
  • The Rise of Cotton, the Decline of Supply  [View article]
    Hey, I think the GLG guy was right. Acres at 9.39M. Are you still bullish on cotton?
    Mar 31 10:23 am |Rating: 0 0 |Link to Comment
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