{"id":50373,"date":"2014-05-01T08:28:45","date_gmt":"2014-05-01T12:28:45","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50373"},"modified":"2014-05-01T08:50:54","modified_gmt":"2014-05-01T12:50:54","slug":"cotton-extends-gains-on-us-supply-worry","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/01\/cotton-extends-gains-on-us-supply-worry\/","title":{"rendered":"Cotton Extends Gains on US Supply Worry"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/ift.tt\/L42ObV\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>Cotton prices were seen trading higher as it reached a sixth straight monthly gain while the long-term drought in Texas continues. The common cotton areas from Virginia, central Mississippi, Alabama and northeast Louisiana saw about 250% normal rain in April, according to reports from MDA Weather Services. This year, prices for the commodity climbed by 11% this year.<\/p>\n<p>Meanwhile in the Western region of Texas, approximately 75% of fields saw less rain this month, Drew Lerner, President and Senior Agricultural Meteorologist of World Weather, said in an interview.<span id=\"more-3955\"><\/span><\/p>\n<p>Cotton for July delivery rose 0.2% higher to 94.29 cents a pound on the ICE Futures US in New York. In April prices rose 0.8% and climbed 22% within six months, the longest gaining streak since 1984.<\/p>\n<p>Concerns that the US tight supplies pushed cotton to its highest in two years, settling at around 97 cents a pound in the previous month.<\/p>\n<p>Cotton global demand is forecasted to increase by 2.2% from the previous year to 23.93 million tons in the season that begins from August 1, according to reports from Cotlook Ltd. Meanwhile output is expected to fall by 0.7% to 25.54 million, according to market estimates.<\/p>\n<p>Farms from almost 15 state planted 13% of forecast acres in the week ending April 27, compared with the previous five-year average of 18% in the same period last year.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><i>Visit<\/i><\/strong><b><i>\u00a0<\/i><\/b><b><i><a title=\"HY Markets\" href=\"http:\/\/ift.tt\/1fxqljy\" target=\"_blank\">www.hymarkets.com \u00a0<\/a>\u00a0to find out more about our products\u00a0<\/i><\/b><strong><i>and start trading today with only $50 using the latest trading technology today<\/i><\/strong><\/p>\n<p>The post <a href=\"http:\/\/ift.tt\/R6A4Cp\">Cotton Extends Gains on US Supply Worry<\/a> appeared first on <a href=\"http:\/\/ift.tt\/L42ObV\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/ift.tt\/L42ObV\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog Cotton prices were seen trading higher as it reached a sixth straight monthly gain while the long-term drought in Texas continues. The common cotton areas from Virginia, central Mississippi, Alabama and northeast Louisiana saw about 250% normal rain in April, according to reports from MDA Weather Services. This year, prices &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/01\/cotton-extends-gains-on-us-supply-worry\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cotton Extends Gains on US Supply Worry&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-50373","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=50373"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50373\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=50373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=50373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=50373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}