COTONE
ed ecco la news...
Cotton futures rallied sharply, with December locked limit up in a buying panic that began soon after the options pit opened for trading. Certified stocks are now down to 7,802 bales, with 300 awaiting review. There is ongoing trade talk about poor US quality and not meeting delivery spec, but much of the crop has yet to be ginned. The Cotlook A index was at 82.80, up 1.55. The dollar was weaker today, bringing additional support to the cotton prices. On the other hand, the surge in cotton prices will doubtless have some mills looking back toward synthetic fiber. Trade estimates for US cotton export sales in the Thursday morning Weekly Export Sales report are in the 125,000-225,000 running bale zone.
in più siamo in backwardation .... indice di grossa richiesta