Daily Market Reports

Namoi Cotton from time to time, provides growers with a market report which contains details on cotton futures, the Australian dollar, cotton market news and prospective market pricing.

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1206 2018

Daily Market Report

Grower News

  • P&D exchange rate for October 0.7854
  • Namoi Capital Stock 0.420

ICE Cotton Futures

CloseChangeHighLow
Dec-1768627868946767
Mar-1868627868946767
May-1868627868946767
Jul-1868627868946767
Dec-1868627868946767
Mar1968627868946767

Estimated Vol: 16,143    |    A Index: 77.70 (-1.00)

 

Today's Spot7886Up 63
20187871-15
20187828-43

AUD Comment

The AUD has opened the new trading week just under US 79c, consolidating upon the significant gains achieved onFriday following the release of yet another weak US inflation report, this time for September. After opening Friday’s session at .7819, the AUD/USD ground higher over the course of Asian and European trade before jumping to amore that 2 week high following the release of the US inflation data for September. CPI - that which excluded movements in energy and food prices - rose by 0.1%, missing expectations for a larger increase of 0.2%.

As Ray Attrill, Head of FX Strategy at the NAB explains, thatcontinued a long run of underwhelming US inflation prints, casting doubt over the need for further interest rateincreases from the US Federal Reserve. “It’s now 6 from 7 in terms of core US CPI undershooting expectations,” said Attrill in his morning note. “So core CPI rose by just 0.7% inthe past 6 months, or 1.4% annualised.” Attrill says that despite the weak inflation report, market pricing for a Dec rate hike from the US Fed only fell marginally, something that he put down to remarks from Fed chair Janet Yellen during the session.The AUD/USD briefly hit .7897, leaving it at the highest level since September 26. A strong rebound in iron ore prices, Australia’s largest goods export by dollar value, may have also underpinned the Aussie’s gains.

Contacts

Macquarie/LachlanKylie Edwards0429 092 902
Ross Brown0429 903 047
NamoiRoss Brown0429 903 047
Sandy Young0429 920 980
GwydirDavid Lindsay0428 657 294
Ross Brown0429 903 047
MacIntyreOwen Webb0488 080 254
Mungindi / West QldOwen Webb0488 080 254
Darling Downs / CQJessica Strauch0427 790 056
GS & Mkt ManagerDavid Lindsay02 6790 3066

Indicative Prices excluding GST

20182019
ACash 14 Day$489$476
USc/lb (14 day)$489$476
Daily Pool$489$476

FOB basis offerings may not reflect the cash equivalent.

31-3-36 / 3.5-4.9 Mic.
227Kg Bales, FOB Ginyard.

 

 

AUD and DEC 2017 Futures

Dec 2017 Options

CallsPremA/BalePutsPremA/Bale
66312$19.786650$3.17
67240$15.226778$4.95
68180$11.4168118$7.48
69132$8.3769170$10.78
70170$6.0270233$14.77
71233$4.3171306$19.40

DISCLAIMER: While the material (derived from sources believed to be reliable) contained in this report has been compiled in a diligent and accurate manner and is given in good faith, neither Namoi Cotton Limited or Namoi Cotton Commodities Pty Ltd, nor any individual involved in the preparation of thisreport, accepts any liability in the event of error, omission or any consequences arising from its use. This material has been prepared for general circulation and does not have regard to the particular circumstances or needs of any specific person.

Contact Us

Phone:07 4631 6100
Corporate Office:1b Kitchener Street, Toowoomba Qld 4350 Australia
Head Office:27 Trucking Yard Lane, Wee Waa NSW 2388 Australia
Mail:PO Box 1333, Toowoomba Qld 4350 Australia

Corporate Office Operating hours:

Monday - Friday8am - 5pm

 

For a full list of our locations and their contact details, please visit our locations page.

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Namoi Cotton Contact Us Growers

Contact Us

Corporate Office

Head Office

Contact Us

Phone:07 4631 6100
Corporate Office:1b Kitchener Street, Toowoomba Qld 4350 Australia
Head Office:27 Trucking Yard Lane, Wee Waa NSW 2388 Australia
Mail:PO Box 1333, Toowoomba Qld 4350 Australia

Corporate Office Operating hours:

Monday - Friday8am - 5pm

 

For a full list of our locations and their contact details, please visit our locations page.

see where — our locations