Gujcot Trade Assocation

News & Reports

Stock Position as on 05-Dec-2019

Cotton Indices and Spot Rate As on 05-Dec-2019

ICE Cotton Update

Cotton slips after export sales report

ICE cotton futures settled lower on Thursday, hurt by uninspiring export sales data from the US Department of Agriculture (USDA), while lack of clarity in trade talks between the United States and China kept investors on edge.

Cotton contracts for March settled down 0.19 cent, or 0.3%, at 64.51 cents per lb. It traded within a range of 64.41 and 65.21 cents a lb.

DTN Cotton Close 05-Dec

Higher on Supply/Demand Expectations

Cotton finished mixed as the market sloughed off weak sales, choosing to focus on next Tuesday’s monthly supply/demand report. Last month, USDA cut the U.S. crop 900,000 bales to 20.65 million bales. Expectations from some analysts suggest at least 500,000 bales ought to be anticipated. Much of the crop’s additional loss will sadly come out of Texas.

Weather Forecast 06-Dec

The Deep Depression over East Central Arabian Sea has weakened into a Depression. This system would further lose its strength and become a Well Marked Low-Pressure Area. A Cyclonic Circulation is over the eastern parts of Bangladesh. A Trough is extending from Comorin area to South Tamil Nadu.

U.S. EXPORT SALES

Upcoming Reports

USDA World Agriculture Supply and Demand Estimates (WASDE) on Tuesday 10th December 2019 at 09:30 pm IST

US Weekly Export Sales Report on Thursday 12th December 2019 at 7:00 pm IST.