NEW YORK, Nov 17- The senior head of Louis Dreyfus Commodities BV's cotton business has left his role with plans to move to another unit of the global trade house, a spokeswoman said on Tuesday. Anthony Tancredi, senior head of the global cotton unit, has stepped down and Joe Nicosia, head of global merchandising, is "looking after" the cotton business, the spokeswoman...» Read More
Once the epitome of cheap mass manufacturing, textile producers from formerly low-cost nations are setting up shop in America, the NYT reports.
--Clyde Russell is a Reuters columnist. Top importer China has scaled back purchases dramatically so far this year, at the same time as announcing massive sales from its state stockpiles, the largest in the world. The U.S. Department of Agriculture, probably the most-watched cotton forecaster, has raised its estimate for global cotton inventories and cut its...
*China cotton imports at 161,800 T in June. *Beijing trying to boost consumption of local fibre. Beijing has been trying to boost consumption of locally-grown cotton, with traders saying it has only issued 894,000 tonnes of import quotas this year- the minimum required under WTO commitments.
*Cotton farmers now eyeing pulses in hope for better returns. MUMBAI, June 10- Cotton acreage in top grower India is likely to drop by the most in over a decade this year, as plunging prices and fears of a drought prompt farmers to switch to cultivating pulses in the hope for better returns, a top trade body official said. In India, cotton prices have been languishing.
Cotton Incorporated and Maker's Row, an online marketplace, have partnered to bring back more "Made in USA" goods.
Dennis Gartman of The Gartman Letter, discusses the "fiscal cliff" negotiations, investing in housing and banking, and how to play cotton, with the Fast Money traders.
Selling gold stocks for these alternate investments looks like a good idea, says Dennis Gartman, editor of The Gartman Letter.
Gap has an amazing turnaround story, explains Mad Money host Jim Cramer. Despite the stock falling from $35 at the end of November to $31, it's a great time to buy the stock.
Soft commodities such as soy and corn should be used by investors to protect against inflation in the same way as gold, according to the founding partner of GAIA Capital, John Coast Sullenger.
The general trend pressure for cotton prices is bearish and this suggests continued testing of support near 85 cents a pound.
In search of a safe haven, investors are flocking into the U.S. dollar Tuesday and out of risk assets including commodities. Concerns about the ongoing situation in Greece and the euro zone as well as perceived weakness in the global economic recovery are some of the drivers.
Widely followed commodities trader Dennis Gartman on Monday said he wasn’t concerned about an official slowdown in China.
Fed Chairman Ben Bernanke hasn't said anything to change the trend that's been in place for precious metals since start of new year, so the buying continues.
What's moving in commodities in Monday’s trade:
Dry patch of weather in the Midwest is pushing grain prices higher, with Rich Ilczyszyn, MF Global.
CNBC’s Analytics Team compiled a list of the 10 best and worst performing commodities in the CRB index. Click ahead to learn about the hot and the not-so-hot commodities of 2011.
If you want volatility, all you have to do is look at the cotton trade. In the last week, it has shed 36 percent. Despite that, cotton is still up more than 37 percent in the last year.
Cotton, sugar and lumber prices have been on the decline in the last month, so how should investors trade each of the commodities? Sterling Smith, commodity analyst at Country Hedging, shared his best plays.
Insight on the rise in gold, oil and cotton prices, with Alan Knuckman, Agora Financial; Addison Armstrong, Tradition Energy, and David Morgan, The Morgan Report.