Monthly Economic Letter: December 2022
December 12, 2022
Given widespread reports of a slowdown in mill demand, the decrease to USDA consumption this month could have been anticipated. China is central to global cotton demand, and the continued inversion of traditional relationships between Chinese prices and other benchmarks may signal that a global recovery in demand is not yet underway.
Read MoreExecutive Cotton Update: December 2022
December 9, 2022
The U.S. labor market continues to add jobs and support wage growth. This may give the Federal Reserve more room to continue to aggressively increase interest rates to tame inflation. For this reason, financial markets turned lower after the positive job report.
Read MoreMonthly Economic Letter: November 2022
November 10, 2022
The recent volatility in NY/ICE futures has been attributed to various factors, including short covering in the futures market and import interest from China. The steep increases in early November can also be interpreted as a sensitivity to potential increases in demand for U.S. exports.
Read MoreExecutive Cotton Update: November 2022
November 9, 2022
The U.S. economy was estimated to have added 261,000 jobs last month. This was the lowest addition since December 2020, but job growth has nonetheless remained resilient to interest rate increases.
Read MoreOnward Reserve launches PUREPRESS™ Technology
November 7, 2022
Who has time to worry about wrinkled clothing? If you’re looking for the perfect, easy-care Chino pant, look no further. Onward Reserve has launched its men’s City Chinos featuring PUREPRESS™ technology.
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