CT=F - Cotton No. 2 Futures - NYCC - M
| Pre. Settlement | N/A |
| Settlement Date | 2019-05-08 |
| Open | 72.13 |
| Bid | 72.99 |
| Last Price | 72.16 |
| Day's Range | 71.90 - 73.00 |
| Volume | 5,867 |
| Ask | 73.00 |
- Reuters•27 days ago
Singapore's Olam to invest $3.5 billion in growth areas; exit sugar, rubber
Singaporean commodity trader Olam International plans to invest $3.5 billion into key growth areas, such as edible nuts, coffee and cocoa, over the next few years, while exiting four existing businesses to raise funds. The agricultural commodity trader will double down on 12 prioritised businesses, which include spices, edible oils, cotton, dairy, grains and animal feed. "We will continue to invest in businesses where we have consistently performed, have market leading positions, clear differentiation, it is in line with the key consumer trends and there is significant potential for future growth," chief executive Sunny Verghese told a briefing.
Reuters•27 days agoSingapore's Olam to invest $3.5 billion in growth areas; exit sugar, rubber
Singaporean commodity trader Olam International plans to invest $3.5 billion into key growth areas, such as edible nuts, coffee and cocoa, over the next few years, while exiting four existing businesses to raise funds. The agricultural commodity trader will double down on 12 prioritised businesses, which include spices, edible oils, cotton, dairy, grains and animal feed. "We will continue to invest in businesses where we have consistently performed, have market leading positions, clear differentiation, it is in line with the key consumer trends and there is significant potential for future growth," chief executive Sunny Verghese told a briefing.
- Reuters•8 months ago
China keeps LNG off tariff list for now, could be trade weapon later
China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing's desire to ensure supplies of gas as it pushes to switch millions of households and businesses away from using coal as a key part of its 'war on pollution'. China will on Friday impose tariffs on $34 billion of U.S. goods from pork to soybeans to cotton in retaliation for a similar move by Washington as trade relations sour between the world's top two economies.
- Quartz•8 months ago
The Dow dumped General Electric, its last original index member
In 1896, Charles Dow created what came to be known as the Dow Jones Industrial Average—an index consisting of just 12 companies at the time, meant to signal the state of the industrial sector. Nestled among outfits focused on cotton, sugar, tobacco, and railroads was General Electric, then a four-year-old electric company. Today, some 122…
Reuters•8 months agoIndia sells new season cotton crop to China in rare advance deals
MUMBAI/BEIJING (Reuters) - India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters. Exporters in India, the world's biggest producer of cotton, usually start selling new season cotton from end-August, after estimating the nation's crop size.
- Quartz•9 months ago
Balenciaga’s $1,290 “t-shirt shirt” is the wrong kind of weird
Every so often, people stumble across an absurd piece of fashion and revel in the joy of calling it out online. The latest entry in the genre is Balenciaga’s “t-shirt shirt,” which has Twitter users mystified. It’s a cotton t-shirt with a button-up shirt hanging down the front like a necklace. You can wear the…
- Quartz•9 months ago
The White House is discussing replacements for homeland security chief Kirstjen Nielsen
The White House is discussing possible replacements for Department of Homeland Security secretary Kirstjen Nielsen, because Donald Trump is unhappy with how she is running the massive agency tasked with keeping the US safe, according to two people briefed on the situation. Names being discussed inside the White House include Tom Cotton, the senator from…
- Quartz•10 months ago
Wars, not just genius, fuelled Britain’s industrial revolution
Conventional wisdom says Britain’s transformation in the 18th century from an agrarian economy to an industrial one was largely midwifed by technological innovation and mechanisation, as symbolised by the steam engine and the cotton factories, respectively. However, in a new book titled Empire of Guns, Priya Satia, a professor of British history at Stanford University,…
- Quartz•10 months ago
Before you go shopping for spring, clean out your closet
Nothing gives me the “I wants” quite like springtime. I want a ruffled dress, a cotton-and-linen suit, orchid-pink clogs, a million bodysuits, and so on. But the fact is, these wants have less to do with any lack in my closet than the fact that I can’t see what’s in there. It’s just too stuffed.…
- Quartz•11 months ago
In a disposable age, luxury is something old, worn, and beautiful
It’s not fun to wear old-fashioned, 100% cotton denim in its “raw” unwashed state. It’s stiff, like cardboard. It tends to crease rather than fold. It’s constricting and rough against the skin. Most of the jeans you’ll find in stores today weren’t worn in for decades before softening into their current form. They’re washed to…
Reuters•11 months agoHigh fibre: India cotton exports gather pace as global prices rally
India's cotton exports have been gathering pace after global prices jumped to four-year highs, with traders in the world's top producer of the fibre signing contracts in the last three weeks to ship over 1 million bales, industry officials told Reuters. Increased supply from India could drag on the rally in international prices and would likely compete with shipments to Asia from exporters such as Australia, Brazil and the United States. Indian cotton is being offered around 82 to 85 cents per lb on a cost and freight basis (C&F) to buyers in Bangladesh and Vietnam, compared to over 90 cents from the United Sates and Brazil.
Reuters•11 months agoIndia cuts Monsanto's GM cotton seed royalty, may trigger another row
India has cut royalties that local seed companies pay to Monsanto Co for the second time in two years, potentially fuelling another row with the U.S. company that threatened to leave the South Asian country in 2016. India's agriculture ministry has decided to reduce royalties paid by Indian seed companies to Monsanto for its genetically modified (GM) cotton by 20.4 percent, said a government order released on Tuesday.
- Quartz•11 months ago
Why do American women prefer applicator tampons, while the rest of the world’s women don’t?
Running a sustainable period care company is difficult. Just ask Afsaneh Parvizi-Wayne, the founder of Freda, a UK-based period subscription box that delivers pads, tampons, and liners to women and sources organic cotton and sustainable materials wherever possible. One of the big problems she faces is reducing plastic in her products: Like in the US,…
Reuters•last yearIndia set to cut Monsanto's GM cotton seed royalties by 20 percent: sources
India is likely to impose another cut to Monsanto royalties paid by domestic companies for its genetically modified (GM) cotton seeds, industry and government sources said. The latest reduction risks another row with the U.S. company, the world's biggest seed maker, which threatened to leave India in 2016 when the government cut its royalties by more than 70 percent. This time the government plans to reduce royalties by 20.4 percent to compensate Indian seed makers and also plans to cut prices of GM cotton seeds to help farmers whose fields have been ravaged by pest attacks, the sources said.
- Quartz•last year
The dirty industry of fast fashion is causing an environmental “emergency”
The $2.5 trillion fashion industry is the second-largest user (pdf) of water globally, according to the United Nations Economic Commission for Europe (UNECE), noting that producing one cotton shirt requires 2,700 liters of water—”the amount a person drinks in 2.5 years.” The agency also estimates that one in six people worldwide works in a job…
- Reuters•last year
U.S. Republican senator backs review of Broadcom's Qualcomm bid
U.S. Senator Tom Cotton said on Monday he backed a U.S. government panel's decision to delay a Qualcomm Inc shareholder meeting to allow for a more extensive review of Broadcom Ltd's takeover bid. "Qualcomm’s work is too important to our national security to let it fall into the hands of a foreign company — and in a hostile takeover no less," Cotton, a vocal Republican voice on foreign relations, said in a statement. The U.S. Committee on Foreign Investment in the United States (CFIUS) on Sunday ordered Qualcomm to delay its March 8 shareholder meeting, an unprecedented move that cast new doubt on Singapore-based Broadcom's $117-billion bid for its U.S. semiconductor peer.
