THE COTTON ROW JOURNAL by varner brothers

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New York: Volume: 9,319.. Open Interest: 108,256.. Cert Stocks: 435,843.. KB... ... AUS$ +0.2%...Euro +0.5% (3 week high)... Yen -0.3% (2 week low) ...Gold +0.8%... Copper +2.4%... Crude +1.8%... CRB +1.0%... Soybeans +1.8% (2 week high)... S&P +0.5%
NOTICES: 0, total 1,346.. US WEATHER: 1/4" in NM, OK, TX 1-N, 2-N, 1-S and 9... 1/4" to 3/4" in TX 3, 6, 7... 1/2" in se Ark... CALENDAR: Market closed Friday, 3 July...

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Daily Column

Previously Published

ALL IN THE FAMILY

Cotton rode the soy and currency markets today, in a redundant fashion of following its leaders. Unemployment and manufacturing figures released today were somehow construed as negative for the dollar, and currency traders drove the buck to a 3 week low. The dollar has managed a sideways range for 6 weeks of only 250 points, and this trend will likely continue. Summer currency moves are often contained in a sideways trend, and this summer looks like it is fitting into the norm. Going back to the acreage report, our first run on the production spreadsheet came up with a crop of 13.8 Mb. This did not take into consideration this week’s crop indexes, as the figure in Texas was too low for current conditions. The Llano Estacado is getting ideal rains, while the districts in south Texas...