World
Raw Cotton Trade The
Leading Cotton Merchants of the World Functions
of a Cotton Merchant
PART II
U.S./World
Supply and Demand NYBOT
and Commodity Exchanges in general o
Functions o
Participants o Activity
of Speculators, Index Funds, &
Option
Traders o Effects
of Speculators on Prices o Hedging
of Prices and Sales o
What is the "Basis?" o
3 Types of Margins NYBOT
Weekly, Monthly, & Yearly Price
Charts Cotlook
A Index and its Importance for U.S.
Cotton New
York Futures vs. Cotlook A Index Factors
Influencing Cotton Prices
PART III
Technical
aspects of the NYBOT No. 2 Contract o Contract
Specifications o Daily
Trading Limit o The
Synthetic Close for Futures o Open
Interest in Futures and Options o Certificated
Stock o Delivery
Rules, including "Delayed Certification" o
Certificated Stock o Premiums/Discounts o Age
Penalties o Weight
Penalties o Year-of-Crop
Penalties
The
buying and pricing of raw cotton is now a sophisticated,
complicated, and very challenging
responsibility that must be handled professionally.
Today,
the textile industry is a global industry and we
are living in a world full of volatility
in commodity prices, foreign exchange, and interest
rates. Since raw cotton presents
such a large percentage of total input cost, bad
judgments in
price fixations can seriously affect the profitability
of a company.
More and more cotton
growers and textile mills around the globe
employ the services of consultants to assist
them with their cotton pricing and risk management
decisions. This is not surprising as cotton is the only major input cost item
over which a textile mill has control.
We have the cotton industry knowledge that
is required to assist you with your price
fixations of "on call" purchases on the New
York Cotton Exchange (now ICE) as well as with a variety of risk management strategies.
We also have the necessary experience to guide textile mills through the
process of technical arbitrations at the International Cotton Association in
Liverpool and at the American Cotton Shippers Association in Memphis.
We will be happy to customize a training seminar specific to you or your company's needs. Contact
us today.
Cotton
Market and Risk Management Consulting, Inc.
5310 Harvest Hill
Rd.,
Suite 161
Dallas, TX 75230
Fax: 972.934.3480
e-Mail:
info@thecottonschool.com
World
Raw Cotton Trade
