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Just nine months ago, we were licking our chops at cotton’s blue light price special. Cotton had been smashed from a post-Reconstruction high of over $2 to WAYYY down below the $0.70 mark. Cotton futures have quietly dipped to their lowest levels in two years, prompting our “contrarian alert” to sound. Likely, cotton will base […]
Shame on me for not doing my homework on this trade! As I was reading the Weekend WSJ on Saturday, while fitting enjoying a french pressed cup of arabica coffee, I learned why my recent coffee trade was ill-timed. The market has been increasingly swapping out arabica beans for their cheaper robusta cousins, resulting in […]
According to two economists interviewed by the South China Morning Post – Hong Kong’s newspaper (subscription req’d) – inflation in mainland China is expected to remain relatively docile in 2013. HSBC’s Donna Kwok projects 3.1% inflation, while Hong Kong based UBS chief economist Wang Tao has it pinned a bit higher at 3.5%. Of course […]
Did China kick off the next bull market in cotton? It’s been a rough go for King Cotton over the past couple years. Since hitting post-Reconstruction highs in early 2011, it’s been a LONG way down (paging Sarah McLachlan). But now that the king appears to have found a nice pillow to rest his head […]
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge “limit up” for the second day in the row. Was our case for cotton perfectly timed for once? (See: Cotton’s Blue Light Special) Cotton’s sharp reversal sent shorts running for cover. (via Barchart.com) While there have been additional acreage reductions announced in the […]
Cotton futures have quietly dipped to their lowest levels in two years, prompting our “contrarian alert” to sound. King Cotton, since rocketing to levels not seen since Reconstruction, has since plummeted: Cotton spikes, and crashes. (via Barchart.com) Two months ago we mused that cotton and rice, both off significantly from their highs, may have piqued the interest of […]
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