Monthly Economic Letter: August 2022
August 15, 2022
In the U.S., consumer spending on clothing has been flat for the past year. However, it has been holding at levels that are 25% higher than they were in 2019. If U.S. consumers pull back on clothing purchases, it may hit the market just as retailers have caught up with consumer demand after the onset of the shipping crisis.
Read MoreMonthly Economic Letter: July 2022
July 13, 2022
The breadth of losses throughout the commodity sector suggests a sea change in investor sentiment for the entire category. The effects of inflation, the withdrawal of stimulus, rising interest rates, and concerns about a possible recession could all be reasons explaining a reversal of speculative bets, and all could be contributors to the losses.
Read MoreMonthly Economic Letter: June 2022
June 13, 2022
The war in Europe has contributed to the rise in input costs and reduced the availability of crops like wheat and corn. These crops can compete with cotton for acreage and may lend some support to cotton prices.
Read MoreMonthly Economic Letter: May 2022
May 10, 2022
Most benchmark prices increased over the past month. Chinese prices decreased.
Read MoreMonthly Economic Letter: April 2022
April 13, 2022
Most benchmark prices increased over the past month. Open interest is shifting out of the May NY/ICE futures contract and into July.
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