Market Reports
China Cotton Auction FINAL
  • 12-March-2018 To 30-Sept-2018

    METRIC TONNES
    Reserve Stock End Of 2017 5,256,286
    Cumulative Sales 2,510,279
    Remaining Stock 2,746,007

    BALES
    Reserve Stock End Of 2017 24,142,123
    Cumulative Sales 11,529,712
    Remaining Stock 2,612,411
Historical Revisions to Indian's Cotton Balance Sheet - USDA
  • Historical Revisions to Indian's Cotton Balance Sheet - USDA

    Historical revisions have been made to India’s balance sheet for the years 2002/03 through 2013/14, with the stock adjustment carried forward. The revisions are based on the conclusion that market yard arrivals data underreported arrivals in the early portion of the harvest season. This conclusion was based on observed market activity in November for several years.
Brazil: More cotton acreage is being planted
  • Shifting Corn Acres to Cotton

    While corn remains the major safrinha crop for Brazilian farmers, more cotton acreage is being planted in Mato Grosso this spring, as well.

    Over the past two years, cotton planting has increased by nearly one-third for the safrinha in Mato Grosso. The Brazilian Association of Cotton Producers(Abrapa) forecast cotton acreage to grow to 1.4 million hectares (3.46 million acres). Mato Grosso accounts for about 88% of Brazil’s cotton production.
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.
Cotton Indices and Spot Rate As on 05-Dec-2019
  • Brazil Cotton Index 62.76 -0.46%

    US Upland Spot Rate 60.01 -0.05

    KCA Spot Rate 8,900 unch

    MCX Spot Rate 18,610

    Cotlook A Index 74.15 +0.65
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.
Stock Position as on 05-Dec-2019
  • NCDEX

    Cotton Seed Oil Cake Stock
    Unencumbered = 6530 MT
    Pledged = 000 MT
    QTY in Process = 4040 MT

    Stock At Station
    Akola 198
    Kadi 6332
USDA Prospective Plantings
  • USDA Planting Intention

    US All cotton planted area for 2019 is estimated at 13.8 million acres, 2 percent below last year.

    Upland area is estimated at 13.5 million acres, down 2 percent from 2018.

    American Pima area is estimated at 255,000 acres, up 2 percent from 2018.
Indian Raw Cotton Export-Import 2018-19
  • INDIAN COTTON EXPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    6,63,386 Tones
    39,02,271 Bales of 170 Kg

    INDIAN COTTON IMPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    1,01,072 Tones
    5,94,541 Bales of 170 Kg

China Cotton Auction
  • From May 5 to Sep 27, the cumulative turnover of reserve cotton was 979,100 tons, and the turnover rate was 85.94%.
ICAC - Cotton This Month
  • Looking Beyond the Uncertainties of Trade Tensions  

    The trade dispute between the United States and China has impacted cotton demand and supply chains over the course of the past year. On 1 June 2019, China is set to increase tariffs on $60 billion of US goods in retaliation to the US tariff increase on the remaining $200 billion worth of Chinese imports.
USDA -World Markets and Trade
  • China cotton imports in 2019/20 are expected to surpass the previous year’s robust level, reinforcing its position
    as the world’s largest importer. The current 2018/19 estimate, boosted this month, is expected to be the largest in 5 years as China supplements domestic supplies amid ongoing auctions of State Reserve stocks. Despite this strong upward trend in imports, U.S. exports to China have weakened as Brazil, Australia, and other countries have expanded both exports and market share.
India's Cotton Textiles Export Update for FY (April – June) 2019-20
  • India’s Cotton Textiles Exports

    Cotton Textile exports reached a level of USD 739.17 million in June 2019 marking a decline of (-) 30.4 per cent against the corresponding month of June 2018, wherein exports were valued at USD 1,061.96 million.

    In rupee terms, exports during the month of June 2019 reached a level of Rs. 5,132.72 cr. as against Rs. 7,199.39 Cr. in June 2018 marking a decline of (-) 28.7 per cent in rupee terms.
USDA - Cotton and Wool Outlook
  • Cotton and Wool Outlook

    U.S. Cotton Product Trade Increasing in 2019

    The latest U.S. Department of Agriculture (USDA) estimates indicate that total U.S. cotton textile and apparel trade rose during the first half of 2019, compared with the corresponding 2018 period. U.S. cotton product imports totaled the equivalent of 9.0 million 480-pound bales of raw cotton during January-June 2019—compared with 8.8 million bales for the first 6 months of 2018—while cotton product exports declined slightly to 1.7 million bale-equivalents.
INDIA Cotton and Products Update
  • Highlights

    Post estimates marketing year (MY) 2019/20 cotton production at 29 million 480 lb. bales (37.1 million 170-kilogram bales/6.3 MMT) with a planting area of 12.7 million hectares. MY 2019/20 mill consumption remains weak as mills accumulate greater cotton yarn stocks due to poor demand. Export prospects have diminished while imports are expected to remain stable as they are price competitive against domestic supplies.
US Export Sales Summary
  • 01-Aug-2019 To 22-Aug-2019

    2019-2020

    COMMITMENTS
    PIMA 1,53,645
    UPLAND 80,84,753
    TOTAL 82,38,398

    SHIPMENTS
    PIMA 29,297
    UPLAND 8,61,924
    TOTAL 8,91,221

    2020-2021 SALES

    UPLAND 4,63,124
ICAC - Executive Summary
  • Highlights from the September 2019 Cotton This Month include:

    • Global production is expected to increase 5% to 26.9 million tonnes
    • Global consumption is projected to increase 1% to 26.9 million tonnes
    • The excess production will cause global stocks to swell to 18.3 million tonnes
    • Prices will be under increasing pressure as a result of the growing supply
Cotton Inc. Monthly Economic Letter September-2019
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    After falling in July, benchmark prices were stable in August and the first half of September.

    • The NY December contract has held to levels near 58 cents/lb since mid-August.

    • The A Index was steady near 70 cents/lb.

    • In international terms, the China Cotton Index (CC Index 3128B) decreased from 88 to 83 cents/lb between early August and the present. Over the same period, the RMB eased 0.9% against the USD (from 7.05 to 7.12 RMB/USD).
Jernigan Global Weekly 23-Sep-2019
  • HIGHLIGHTS

    1. CHINA CANCELS US PURCHASES; NO COTTON INCLUDED IN GOODWILL PURCHASES

    2. CAN INDIA’S MONSOON PRODUCE TOO MUCH RAIN?

    3. INDONESIAN COTTON SECTOR FAILS TO TAKE ORDERS FROM CHINA

    4. US PIMA EXPORT DEMAND WEAK DUE TO ABSENCE OF CHINA

    5. PAKISTAN IMPORT DEMAND ACTIVE FOR LOW GRADES
ICAC - Executive Summary
  • Highlights from the October 2019 edition of ‘Cotton This Month’ include:

    • Global production is projected to outpace consumption slightly in 2019/20
    • East Asian countries will continue to lead the world in consumption
    • Several major consuming countries will post consumption gains, but mostly 2% or less
    • High stocks and low demand for exports have driven prices to their lowest levels since 2016
Cleveland On Cotton 04-Oct-2019
  • Volatility Ahead As Many Bales Remain Unpriced

    Granted, it was slow motion, but this was a bonus week, a happy week as the market gave us a little of the Beatles 1963 hit version of Twist and Shout. Since the prior week’s solid attempt to close below the critical 60.25 support price, the market has made its trek higher and touched 62.18 cents this week before settling at a very healthy 61.71 cents.
PCCA Cotton Market Weekly
  • OCTOBER 4, 2019

    FUTURES PRICES GAIN 132 POINTS THIS WEEK

    • Open Interest Increases
    • Crop Progress Ahead of Averages
    • USDA Reports Weekly Export Sales and Shipments
    • U.S. Economic Data Gloomy
    • Supply and Demand Estimates Coming
Rose On Cotton 06-Oct-2019
  • ICE COTTON PUSHES HIGHER, CONTINUES TO DEFEND 60.00 LEVEL

    The ICE Dec contract gained 77 points last week to settle at 61.67. Dec did not trade south of the 60.00 level last week, which is technically supportive. The Dec – Mar spread remains at less than full carry, and near unchanged Vs last week at (73).

    Last weekend, our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to lower Vs the previous Friday’s finish, which proved to be incorrect.
Jernigan Global Weekly 07-Oct-2019
  • HIGHLIGHTS

    1. IN THIS AGE OF FAKE MEAT, DISRUPTION AND ARTIFICAL INTELLIGENCE, CAN AN 8,000-YEAR-OLD FIBER BECOME COOL AGAIN?

    2. AUSTRALIA ENTERS PLANTING PERIOD; WORST FEARS MATERIALIZE

    3. PAKISTAN CROP LIKELY TO FALL TO 7.8 MILLION BALES OR LESS

    4. US: UNWELCOME RAINS DAMAGE WEST TEXAS COTTON CROP

    5. HONG KONG: SHOWDOWN NEARS AS BEIJING’S HEAVY HANDED MEASURES INCREASE
Thompson On Cotton 09-Oct-2019
  • Market Waits For Harvest Dust To Settle

    Since early September, cotton prices have managed to hold steady above 60 cents. This is surprising, considering the lack of bullish news and weak fundamentals. Nevertheless, more than once the market has tried to move higher on spec short covering. Each attempt, though was met by trade selling as growers viewed these 2- to 3-cent rallies as pricing opportunities.

    Consequently, it has closed within a 231-point spread for almost a month.
U.S. EXPORT SALES
  • For Week Ending 03-10-2019

    2019-2020
    Net Upland Sales 1,88,800
    Upland Shipments 1,49,100
    Net Pima Sales 9,600
    Pima Shipments 10,300
    TOTAL SALES 1,98,400

    2020-2021
    Net Upland Sales -5,300
    Net Pima Sales 0
    TOTAL -5,300
Plexus Market Comments 10 Oct
  • So where do we go from here?

    From a technical perspective the market has performed quite well over the last three weeks, showing an ability to bounce back from weakness and forming a ‘rounding bottom’ in the process, which is often a sign of further strength to come. However, as soon as the market reaches above 6200 there seems to be strong resistance from scale-up trade selling.
PCCA Cotton Market Weekly
  • OCTOBER 11, 2019

    MARKET CAUTIOUS AHEAD OF REPORTS

    • Latest Export Report Positive
    • Little Reaction to WASDE Report
    • Market Watching Numerous Developments
    • Spot Market Sales Decline
Cleveland On Cotton 11-Oct-2019

  • Reaching 70 Cents – “A Bridge Too Far”?

    The cotton market took on a shinier look this week, thanks to three factors:

    • Trade talks generated positive news. Potentially, U.S. cotton could flow more freely into China, depending on eventual agreements.
    • USDA’s WASDE report lowered stock numbers.
    • An impending freeze in West Texas could reduce the size of the eventual crop, another bullish development, although bad news for those growers.
Cotton Inc. Executive Cotton Update - October 2019
  • Executive Cotton Update - October 2019

    Macroeconomic Overview: Concerns about economic growth remain. The commonly tracked producer manager indices (PMIs)  released by the Institute for Supply Management (ISM) were lower in September. The manufacturing PMI, which can be a leading indicator for the overall economy, signaled contraction for the second consecutive month and posted its lowest value since 2009.
Rose On Cotton 13-Oct-2019
  • ICE COTTON RETRACES ON WASDE RELEASE BUT REVERSES BULLISHLY ON US – CHINA TRADE DEAL RUMORS

    The ICE Dec contract surged on Friday, gaining 221 points for the week to settle at 63.88. Dec has failed to trade south of the 60.00 level since Sept 27, which is technically supportive. The Dec – Mar spread strengthened last week and remains at far less than full carry at (57).
Plexus Market Comments 17 Oct
  • So where do we go from here?

    Speculators are currently running the show and the chart has given them a reason to buy out of their shorts and to establish some new longs. The trade has been shorting into the rally, but not yet to the degree needed to stop the advance.
U.S. EXPORT SALES
  • For Week Ending 10-10-2019

    2019-2020
    Net Upland Sales 2,06,500
    Upland Shipments 1,51,600
    Net Pima Sales 4,600
    Pima Shipments 6,000
    TOTAL SALES 2,11,100

    2020-2021
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 0
PCCA Cotton Market Weekly
  • OCTOBER 18, 2019

    COTTON FUTURES RALLY ON STEADY BUYING

    • Traders Watch Weekly Export Data to Gauge Demand
    • Buyers Also Seek Cotton at Origin
    • UK/EU Move Closer to Exit Deal
    • Stocks and Grains Rally on U.S./China News
Cleveland On Cotton 18-Oct-2019
  • When Will Chinese “Yes” Finally Mean Yes?

    Cotton eased higher on the week, but struggled to post a daily close above 65.50 and settled the week at 65.16. This marks another building block in the market’s attempt to establish an uptrend. Of a somewhat negative technical note, Friday’s settling price was lower than the Friday opening.
Rose on Cotton
  • ROSE ON COTTON – ICE COTTON FORGES HIGHER, BREACHES 65.00 ON WEEKLY SETTLMENT

    20-October-2019

    The ICE Dec contract gained 128 points for the week to settle above the psychologically significant 65.00 level at 65.16. Dec has failed to trade south of the 60.00 level since Sept 27, which remains technically supportive, as is the market’s 830-point rally from its recent low watermark. The Dec – Mar spread weakened slightly last week but remains at far less than full carry at (65).
Jernigan Global Weekly 21-Oct-2019
  • HIGHLIGHTS

    1. CHINA’S GROWTH IS SLOWEST IN 30+ YEARS; NEW DOUBTS ABOUT TRADE AGREEMENT TERMS

    2. BRAZIL COTTON EXPORT SALES BRISK FOR FOURTH QUARTER SHIPMENT

    3. THE PLASTIC/POLYESTER PROBLEM IS MUCH MORE THAN CHINA

    4. SIZE OF US CROP IN DEBATE AS WEST TEXAS DRYLAND YIELDS DECLINE

    5. AUSTRALIAN COTTON BELT EXPERIENCES SOME LIMITED RAINS
U.S. EXPORT SALES
  • For Week Ending 17-10-2019

    2019-2020
    Net Upland Sales 1,40,500
    Upland Shipments 1,48,600
    Net Pima Sales 7,000
    Pima Shipments 11,100
    TOTAL SALES 1,47,500

    2020-2021
    Net Upland Sales 8,400
    Net Pima Sales 0
    TOTAL 8,400
Thompson On Cotton 24-Oct-2019
  • Southeast Quality Much Improved Over 2018

    Recent rains have interrupted what has been a near-ideal harvest season. Hopefully, it’s only temporary, and tremendous progress has been made in getting this crop out of the field.

    The latest crop conditions report shows the Southeast has harvested approximately half its planted acres, while the Southwest has covered a third of its ground. Both regions are ahead of their five-year average pace.
Plexus Market Comments 24 Oct
  • So where do we go from here?

    Spec buying and trade selling seem to be evenly matched at the moment and the market’s recent uptrend has been stalling at the 65 cents level.

    From a technical point of view the market is still in a short-term uptrend dating back to late August and key resistance points like the long-term downtrend line and the 200-day MA loom just 2-3 cents above. This should keep speculators interested in the long side for now.
PCCA Cotton Market Weekly
  • OCTOBER 25, 2019

    FUTURES TRADE IN TIGHT RANGE ON LOW VOLUME

    • Spot Market Volume Lower
    • Export Sales Continue Despite Higher Prices
    • International Developments Dominate Headlines
    • Traders Remain Cautious
Cleveland On Cotton 25-Oct-2019
  • Simply, the market is quiet

    This is one of those times when the market, quiet as it is, is begging for some direction as to where to go and just how to get there. Simply, the market is quiet. There were some changes in the supply side of the price equation this week, but they tended to be offsetting. Yet, the market continues to maintain its sleepy look. Thus, for now our old adage, “Never sell a sleepy market.” is the feature that rules the market. As much as I want to price at 65 cents, I continue to believe it is prudent to hold.
U.S. EXPORT SALES
  • For Week Ending 24-10-2019

    2019-2020
    Net Upland Sales 1,08,200
    Upland Shipments 1,49,000
    Net Pima Sales 21,700
    Pima Shipments 7,500
    TOTAL SALES 1,29,900

    2020-2021
    Net Upland Sales 71,300
    Net Pima Sales 0
    TOTAL 71,300
Plexus Market Comments 31 Oct
  • So where do we go from here?

    The chart still looks constructive at this point despite today’s mini-reversal and if the market holds the short-term uptrend line, we would expect spec buying to resume.
PCCA Cotton Market Weekly
  • NOVEMBER 1, 2019

    FUTURES RALLY THEN GIVE BACK GAINS

    • Prices Remain Mostly Range Bound
    • Spot Sales Slightly Higher Than Previous Week
    • Export Sales Higher but Muted by Cancellations
    • Britain Moves Closer to Exit from EU?
ICAC - Executive Summary
  • Highlights from the November 2019 Cotton This Month include:

    • The US-China trade war is dragging down both the global economy and international cotton trade
    • In 2019/20, India is projected to lead the world in production despite low yields
    • With production expected to grow by 1 million tonnes, and consumption projected to remain flat, prices will be under heavy pressure throughout the year
Cleveland On Cotton 02-Nov-2019
  • Unusual Approach For “Bottled Up” Market?

    Another week, another view. Fundamentals appear to be little changed from last week. Week by week, export sales and shipments are poor, but prior-year carryover sales were so large that actual export commitments for the year are well ahead of the prior year’s pace.
Rose on Cotton
  • ROSE ON COTTON – ICE COTTON FINISHES LOWER AHEAD OF WASDE WEEK, CHINA RESTOCKING ITS STRATEGIC RESERVE?

    02-November-2019

    The ICE Dec contract posted a second consecutive modest weekly setback, this time for 67 points to finish at 64.23. The Dec – Mar spread weakened to (141).

    Last weekend, our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to higher Vs the previous Friday’s finish, which was incorrect and resulted in a small setback.
Jernigan Global Weekly 04-Nov-2019
  • HIGHLIGHTS

    1. CHINA XINJIANG CASH COTTON PRICES RALLY AS QUALITY AND CROP CONCERNS INCREASE

    2. US TEXTILE INDUSTRY COLLAPSE CONTINUES WHILE EVERYONE STANDS BY

    3. WILL BRAZIL BECOME JUST A RESOURCE COLONY FOR CHINA OR WILL IT REVITALIZE ITS INDUSTRIAL BASE?

    4. 2000 TO 2019 TEXTILE AND APPAREL IMPORTS OVERWHELM BRAZILIAN MARKETS

    5. OPPORTUNITIES MISSED AS REGIONAL TEXTILE AND APPAREL IMPORTS SOAR
Shurley on Cotton
  • Market Showing More Positive Patterns

    Since the summer lows around the 58-cent level, cotton prices (Dec19 futures) have managed to fight through all the negatives and unknowns and trended back up—to the 65-66 cents area. Price gained about 13% over this time.
Cotton Inc. Executive Cotton Update - November 2019
  • Executive Cotton Update - November 2019

    Macroeconomic Overview: The IMF released an update to its World Economic Outlook last month. The first sentence of the report states that the global economy is in a synchronized slowdown. Correspondingly, the forecast for world GDP growth in 2019 was once again revised lower.
Plexus Market Comments 07 Nov
  • So where do we go from here?

    From a technical point of view the market is still in a short-term uptrend within a longer-term downtrend. However, with the short-term uptrend running through around 6400 at the moment, it won’t take much to breach it and this would open the door for a quick washout as sell-stops would get triggered.

    However, if the market manages to hold, then a retest of recent highs at 6600 and a possible challenge at the long-term downtrend line would follow.
PCCA Cotton Market Weekly
  • NOVEMBER 8, 2019

    FUTURES REMAIN IN TIGHT RANGE DESPITE HEAVY TRADING VOLUME

    • Index Fund Rolling Primary Activity
    • Export Sales Improve
    • Positive News from Trade Negotiations
    • Harvest Ahead of Pace
Cleveland On Cotton 08-Nov-2019
  • 70 Cents Within Sight?

    USDA killed the Bear this week. USDA did not even provide an opportunity for hibernation. It was an outright slaughter. The next bear hasn’t been born and will not even be a cub until at least as early as 2022.
Rose on Cotton
  • ICE COTTON FINISHES HIGHER POST UNEXPECTEDLY SUPPORTIVE WASDE REPORT

    10-November-2019

    The ICE Dec contract posted a 49-point win on WASDE week, finishing at 64.72.  The Dec – Mar spread weakened to 185, which is essentially full carry.
Jernigan Global Weekly 11-Nov-2019
  • HIGHLIGHTS

    1. BRAZIL’S COTTON EXPORT SHIPMENTS IN OCTOBER SURPASS US BY WIDE MARGIN

    2. ARGENTINA PREPARES TO PLANT RECORD COTTON CROP

    3. CHINA POLYESTER PRICES MOVE TO NEW ALL-TIME LOWS

    4. AFRICAN FRANC ZONE CFR BASIS BEGINS TO WEAKEN

    5. US COTTON QUALITY DECLINES IN SECOND HALF OF HARVEST
Cotton Inc. Monthly Economic Letter November-2019
  • Cotton Market Fundamentals & Price Outlook

    November 2019

    RECENT PRICE MOVEMENT

    Most benchmark prices increased slightly over the past month. Indian prices were stable.

    • The NY December futures contract rose from 62 to 64 cents/lb.

    • The A Index rose from 72 to 75 cents/lb.

    • In international terms, the China Cotton Index (CC Index 3128B) increased from 80 to 84 cents/lb. In domestic terms, the CC Index increased from 12,600 to 13,000 RMB/ton. The RMB strengthened against the dollar over the past month, from 7.10 to 6.99 RMB/USD (+1.6%).
Plexus Market Comments 14 Nov
  • So where do we go from here?

    It looks like cotton prices have found a ‘sweet spot’ in this 65-67 cents zone, basis March. There seems to be a decent amount of volume trading in this range, which means that there is currently no reason for the market to go much higher or lower in order to generate business or to ration supplies.
U.S. EXPORT SALES
  • For Week Ending 07-11-2019

    2019-2020
    Net Upland Sales 3,45,100
    Upland Shipments 1,26,200
    Net Pima Sales 12,000
    Pima Shipments 3,200
    TOTAL SALES 3,57,100

    2020-2021
    Net Upland Sales 1,100
    Net Pima Sales 600
    TOTAL 1,700
Cleveland On Cotton 15-Nov-2019
  • Bull Trend Taking Shape?

    While last rites for the Bear were performed last week the birth of a new bull is just that, a baby bull.

    One of you declared I was ridiculous for the declaring the bear dead and gone last week, and I do note the market lacked any follow through this week. Nevertheless, a new bull was born.
PCCA Cotton Market Weekly
  • NOVEMBER 15, 2019

    HIGH TRADING VOLUME FAILS TO MOVE FUTURES PRICES

    • Position Rolling Main Feature
    • WASDE Contains Dramatic Changes
    • Trade Uncertainty Continues
    • Market Notes Poor Economic Data
Rose on Cotton
  • ICE COTTON FINISHES SLIGHTLY HIGHER ON IMPROVED EXPORT DATA, TRADE DEAL WITH CHINA STILL UNCERTAIN

    16-November-2019

    The ICE Mar contract posted a 12-point win on the week, finishing at 66.69. The Dec – Mar spread was near unchanged at (183), essentially full carry.

    Last weekend, our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to higher Vs the previous Friday’s finish, which was correct, but we’ll call it a push.
Jernigan Global Weekly 18-Nov-2019
  • HIGHLIGHTS

    1. CHINA AGAIN PLAYS THE US ON POTENTIAL AG PURCHASES; TRADE DEAL IN DOUBT

    2. BEIJING’S INVASION OF HONG KONG IS THREATENING A TRADE DEAL WITH THE US AND IMPACTING GLOBAL GROWTH

    3. US TEXTILE AND APPAREL IMPORTS IN SEPTEMBER SUGGEST GAINS FOR INDIA, PAKISTAN, VIETNAM, AND SECOND-TIER MARKETS

    4. US EXPORT SALES TURN BRISK BUT SHIPMENTS STILL LAG

    5. US E/MOT OFFERS ARE AGGRESSIVELY OFFERED FOR SHIPMENT THROUGH JULY 20TH
Thompson On Cotton
  • Plenty Working Against Immediate Optimism
    November 20, 2019

    As a professed optimist, I’m a little concerned with the lack of market enthusiasm, considering some recent positive news.

    First, there was the November crop report where world production was reduced by nearly three million bales while leaving consumption unchanged. Normally, such news would have been met with a limit-up move. Instead, almost like a non-event, prices never broke their trading range.
U.S. EXPORT SALES
  • For Week Ending 14-11-2019

    2019-2020
    Net Upland Sales 2,27,600
    Upland Shipments 1,37,900
    Net Pima Sales 7,100
    Pima Shipments 5,900
    TOTAL SALES 2,34,700

    2020-2021
    Net Upland Sales 58,200
    Net Pima Sales 0
    TOTAL 58,200
Plexus Market Comments 21 Nov
  • So where do we go from here?

    Until about a month ago the chart looked quite constructive as spec buying was moving the market higher. However, with speculators reversing their stance and with March breaking through trendline support this week, the technical picture has turned bearish. This will likely invite more speculative selling in the days ahead.
PCCA Cotton Market Weekly
  • NOVEMBER 22, 2019

    FUTURES PRICES FALL TO MULTI-WEEK LOWS

    • Traders Liquidate December Positions
    • Spot Prices Weaker
    • Export Sales Volume Healthy
    • Trade Deal Less Certain
Shurley on Cotton 22-Nov-2019
  • Slipping but Should Find Support

    Market math can sometimes be confusing.

    Case in point—December futures has lost 2.37 cents this week. I saw a story today lamenting the decline. December closed today at just under 62 cents (61.84).

    Well, the “nearby” futures is now March, not December. The “spread” between December and March is currently 2.17 cents—March is 2.17 cents higher than December. March closed today at a more respectable, if you want to think of it that way, 64.01. March has lost 1.96 cents this week—not quite as bad as December.
Jernigan Global Weekly 25-Nov-2019
  • HIGHLIGHTS

    1. INDIAN EXPORT OFFERS PRESSURE GLOBAL MARKET AS MSP FAILS TO SUPPORT DOMESTIC PRICES

    2. APPAREL DEFLATION AT RETAIL A MAJOR PROBLEM FOR THE ENTIRE SUPPLY CHAIN

    3. CHINA’S ZCE FUTURES DRAW RECORD CERTIFICATED STOCKS

    4. SHANDONG RUYI RECEIVES ADDITIONAL STATE-OWNED INVESTMENT AS DEBT CRISIS EXPANDS

    5. CHINA BEGINS TO ROLL 2019/2020 US PURCHASES TO 2020/2021 AMID NO TRADE DEAL
Rose on Cotton
  • ICE COTTON FINISHES LOWER AS DEC CONTRACT COMMENCES NOTICE PERIOD, US – CHINA DEAL SEEMS UNLIKLEY AHEAD OF 2020

    24-November-2019

    The Mar contract gave up 184 points on the week, finishing at 64.85 as the Mar – May strengthened modestly to 109. Last weekend, our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to lower Vs the previous Friday’s finish, which proved to be correct.
PCCA Cotton Market Weekly
  • NOVEMBER 29, 2019

    FUTURES PRICES MOVE HIGHER IN HOLIDAY-SHORTENED TRADING

    • Spot Market Also Higher
    • Weekly Export Sales Stronger
    • Possible Retaliation for U.S. Support of Hong Kong
    • U.S. Harvest Ahead of Pace
Jernigan Global Weekly 02-Dec-2019
  • HIGHLIGHTS

    • Global trade spotlight the equivalent of an Australian crop lost through the ineffecient us marketing system

    • US base grade and premium/discount schedule seriously flawed

    • Over 55 million USD of grower income was lost in august-November alone

    • Will Large Gujarat cotton crop pressure export offers?

    • Brazil’s domestic cotton prices now at a major discount to ice as domestic market remains weak
ICAC - Executive Summary Dec-2019
  • Highlights from the Inaugural Session of the 78th Plenary Meeting:

    Consumers today are increasingly demanding information on the origin and history of the products they buy, putting pressure on retailers to provide transparency

    Multiple technologies have the potential to provide that traceability, including blockchain and a host of products from private companies
Rose on Cotton
  • ICE COTTON FINISHES HIGER ON THANKSGIVING WEEK, US AND CHINA CLASH OVER HONG KONG

    December 2, 2019

    The Mar contract picked up 51 points over the holiday-shortened week, finishing at 65.36 as the Mar – May spread strengthened slightly to 103. The Mar contract gave up 52 points in Nov. Last weekend, our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to higher Vs the previous Friday’s finish, which proved to be correct.
U.S. EXPORT SALES
  • For Week Ending 28-11-2019

    2019-2020
    Net Upland Sales 1,63,700
    Upland Shipments 1,66,700
    Net Pima Sales 4,500
    Pima Shipments 7,200
    TOTAL SALES 1,68,200

    2020-2021
    Net Upland Sales 2,200
    Net Pima Sales 0
    TOTAL 2,200