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.
Cotton Indices and Spot Rate As on 04-Aug-2021
  • Brazil Cotton Index 97.54 +0.15%

    Cotlook A Index 98.40 +0.25

    US Upland Spot Rate 86.61 +0.42

    MCX Spot Rate 27,320

    China Cotton Index
    As on 05-Aug-2021

    CC Index 328 17513 -2
    CC Index 527 16531 +1
    CC Index 229 17920 -1
Exchange Stock Position
  • MCX Cotton As on 18-Feb-2021

    Total Utilized Capacity =2,11,825 Bales
    Eligible for Exchange Delivery = 1,76,775
    Quantity in Process = 31,275
    Rejected Stocks = 3,775 Bales

    NCDEX KHAL As on 18-Feb-2021

    Cotton Seed Oil Cake Stock
    Unencumbered = 76,804 MT
    Pledged = 7,487 MT
    QTY in Process = 715 MT
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%.
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.
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 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
Cotton Inc. Executive Cotton Update - February 2020
  • Executive Cotton Update - February 2020

    Macroeconomic Overview:  The Bureau of Economic Analysis estimates that the U.S. economy grew 2.3% in 2019.  Forecasts suggest that growth could slow a little in 2020, with many projections falling between 1.9% and 2.1%.  For comparison, in 2018, growth was 2.9% and in 2017 growth was 2.4%.    

NCC survey
  • U.S. producers will plant 13 million acres in 2020

    U.S. cotton producers intend to plant 13 million cotton acres this spring, down 5.5% from 2019 (based on the U.S. Department of Agriculture’s February 2020 estimate), according to the National Cotton Council’s 39th Annual Early Season Planting Intentions Survey.

Cotton Inc. Monthly Economic Letter August-2020
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    Movement in benchmark prices was mixed over the past month.

    The NY December futures contract moved lower (to below 60 cents/lb in late July) and then higher (near 65 cents/lb in early August) over the past month. Current values (63 cents/lb) are nearly even with those from one month ago.

ICAC - Cotton This Month
  • Changes in Supply and Demand Estimates (from 17 August 2020)

    Limited Cotton Recovery within Pandemic: Production and Stock Levels High, Slow Consumption Growth  

    Even as the most stringent containment measures begin to be lifted, the opportunity for economic recovery may not relieve current market uncertainty. Countries vary in their ability to flatten the contagion curve and the fiscal space to mitigate the pandemic associated recession.
Cotton Inc. Monthly Economic Letter November-2020
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    All international benchmark prices increased over the past month.

    The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October.  More recently, prices eased back to 70 cents/lb.
    Cotlook’s A Index rose from 73 to 76 cents/lb over the past month.
MSP Procurement 23-Mar-2021
  • Procurement operations of seed cotton (Kapas) under MSP are going on smoothly in the States of Punjab, Haryana, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Telangana, Andhra Pradesh, Odisha and Karnataka. Till 23.03.2021 a quantity of 91,86,803 cotton bales valuing Rs.26,719.51 Crore has been procured benefitting 18,86,498 farmers.
ICAC Executive Summary
  • Lower Production Expected to Ease Pressure on Prices in 2020/21

    Highlights from the December 2020 Cotton This Month include

    *The global production estimate has been lowered to 24.7 million tonnes for 2020/21

    *The global consumption estimate remains steady ay 24.3 million tonnes

    *Global trade is expected to climb to 9.4 million tonnes

Monthly Rate Movement Report – Jan 2021
  • Monthly Rate Movement Report – Jan 2021

    • Daily Physical Spot Rate

    • MCX Cotton Daily Closing Rate

    • USD-INR Exchange Rate Closing

    • Cotlook Index

    • ICE Future Closing

    • NCDEX Kapas Rate

    • MCX Future Closing

    • NCDEX and MCX converted into Rs. Candy Rate
ICAC - Cotton Update
  • 15th Mar 2021

    Major changes (larger than 40,000 tonnes)

    Australia 2020/21: production 562,000 tonnes (+56,000 tonnes)

    Brazil 2020/21: production 2.5 million tonnes (-128,600 tonnes)

    2020/21: exports 1.74 million tonnes (+79,000 tonnes)
SECOND QUARTERLY RATE MOVEMENT 2020-21
  • SECOND QUARTERLY RATE MOVEMENT 2020-21

    • Daily Physical Spot Rate

    • MCX Cotton Daily Closing Rate

    • USD-INR Exchange Rate Closing

    • Cotlook Index

    • ICE Future Closing

    • NCDEX Kapas Rate

    • MCX Future Closing

    • NCDEX and MCX converted into Rs. Candy Rate
ICAC - Cotton This Month
  • Production, Consumption and Trade are Expected to Increase in 2021/22

    For the current season, the global production estimate for 2020/21 has been reduced to 24.3 million tonnes this month with smaller crop estimates expected for India, Brazil, and the United States. For India, the latest meeting of the Committee on Cotton Production and Consumption (COCPC) reported production for 2020/21 at 6.12 million tonnes. With the country under crisis from a second wave of COVID-19, mill-use has been revised down to 5.15 million tonnes.
Cleveland On Cotton
  • Market Mostly Recovered from Commodity Shakeup

    June 18, 2021

    A mighty sledgehammer came down and struck the agricultural markets this week. Cotton, losing nearly 400 points at one time, performed significantly better than the oilseed and grain markets. Cotton reclaimed much of its loss by the week’s end as the new crop December contract returned to mid-85 cent level. Thus, the technical objective of an 88-93 cent trading range is back in vogue.
USDA - WASDE
  • July-2021

    The U.S. 2021/22 cotton projections show higher production, exports, and ending stocks compared with last month. While the June 30 Acreage report shows 300,000 fewer planted acres for U.S. cotton than NASS’s previous survey, a rainfall-driven reduction in projected Texas abandonment means U.S. harvested area is projected 9 percent higher. While 2021/22 production is 800,000 bales higher, consumption is unchanged, and exports and ending stocks are each projected 400,000 bales higher.
Shurley on Cotton
  • Market’s Path Clearer But Still Uncertain

    July 13, 2021

    Prices continue to show strength. New crop December futures closed today at 88.16 cents—the highest in a month and topping 88 cents for the third time near the contract high.

    Cotton’s path seems on more solid footing in recent weeks. Given the present fundamentals, the market has clearly established a current objective top at near 90 cents. It looks like there’s currently plenty of support at 84.
U.S. EXPORT SALES
  • For Week Ending 15-07-2021

    2020-2021
    Net Upland Sales 40,100
    Upland Shipments 2,46,100
    Net Pima Sales 3,400
    Pima Shipments 10,400
    TOTAL SALES 43,500

    2021-2022
    Net Upland Sales 2,51,900
    Net Pima Sales 900
    TOTAL 2,52,800
Plexus Market Comments 22 July
  • So where do we go from here?

    This week has shown that the market has a lot of underlying support, as Monday’s wash-out was met by ready trade buying. The massive amount of unfixed on-call sales, a strong Chinese market, inflation expectations and still uncertain crop outcomes are discouraging potential short selling.
PCCA Cotton Market Weekly
  • JULY 23, 2021

    DECEMBER FUTURES EXTREMELY VOLATILE THIS WEEK

    • December Futures Hit Life-of-Contract High at 90.59 cents
    • Treasury Notes Continue to Weaken
    • Next Marketing Year Sales Pick Up Steam
    • 60% of U.S. Crop Now “Good” or “Excellent”
Jernigan Global Weekly 26-Jul-2021
  • 1. IS THE AGE OF CONSPICUOUS CONSUMPTION ENDING? ASSET LIGHT MODEL/CHEAP FASHION COST BEGIN TO BE FELT

    2. CHINA HIT BY MORE HEAVY RAIN & HEAT

    3. CHINA ON TRACK TO IMPORT NEAR TWO MMT OF COTTON YARN IN 2021

    4. PAKISTAN A MAJOR BUYER OF US COTTON THROUGH 2022/2023

    5. PAKISTAN TEXTILE EXPORTS SURGE IN JUNE REACHING 1.660 BILLION USD
Cleveland On Cotton
  • 85-90 Floor Is Hard

    July 27, 2021

    December cotton flirted and teased 90 cents all week and the nearby October contract did settle above 90 cents. Demand continues to be the big engine pulling prices higher. Mill demand is strong across the board; China, Vietnam (limited Chinese coronavirus issues), Turkey, India, and across Southeast Asia. Consumer demand is especially strong in the big markets of the U.S. and Western Europe, and actually around the world.
U.S. EXPORT SALES
  • For Week Ending 22-07-2021

    2020-2021
    Net Upland Sales -1,200
    Upland Shipments 2,38,300
    Net Pima Sales 4,200
    Pima Shipments 9,300
    TOTAL SALES 3,000

    2021-2022
    Net Upland Sales 1,92,200
    Net Pima Sales 200
    TOTAL 1,92,400
Plexus Market Comments 29 July
  • So where do we go from here?

    Speculators continue to throw money at the long side, but scale-up trade selling is keeping the advance in check so far. As long as crops around the globe continue to perform well, it will be difficult to generate much upside momentum.
Cleveland On Cotton
  • Uncertainty Weakens Prices, Demand Remains Bullish

    July 30, 2021

    Cotton prices surged higher on the week climbing to an even 91 cents before succumbing to Friday’s selloff across all markets: financials, commodities, and equities. Weekly export sales were weak, and the outside markets suffered at week’s end. Nevertheless, the market showed strength between 90 and 91 cents as textile mills were forced to come to the board and fix prices.
Shurley on Cotton
  • Maybe Not Red, but Possible Caution Flags Ahead

    July 30, 2021

    A positive spin on things first. This appears to be shaping up as one of those rare and blessed years where most producers will enjoy both a good crop and a good price. It doesn’t happen often.
    Prices (new crop Dec futures) have moved to the 87 to 88 cents area 4 times since the beginning of 2021. This most recent move has now carried us to new highs at better than 90 cents.
PCCA Cotton Market Weekly
  • JULY 30, 2021

    MUCH OF COTTON BELT NEEDS MORE RAIN AND HEAT

    • Fed Announced Interest Rates Will Remain Unchanged
    • Sunday, August 1 Marks Start of New Marketing Year
    • More Rain and Heat Needed
    • August WASDE on the Horizon
Gujcot Weekly Report
  • Market Movement from 26th Jul 2021 to 31st Jul 2021

    • Market remained steady during the week but NY December contract first time crossed 91 Cents barrier in intraday trading. Although NY December closed with some minor weekly loss, technically picture looks sound.

    • U.S. Export Sales for current year was almost nil. Now only one week remained for current year. Shipment was 2,47,000 Bales.
Jernigan Global Weekly 01-Aug-2021
  • 1. CHINA: HENAN FLOODING IMPACTS TEXTILE AND APPAREL SECTOR AND COTTON STORAGE WAREHOUSES

    2. HEAT WAVE OVER NORTHERN XINJIANG EXPECTED THROUGH AUGUST 6

    3. XINJIANG EXPORTS TO EUROPE INCREASED DESPITE HUMAN RIGHT ISSUES

    4. APPAREL SOURCING IN ETHIOPIA IMPACTED AS UNREST CLOSES DJIBOUTI RAILWAY

    5. AUSTRALIAN 2022 CROP BASIS FALLS TO EXTREME DISCOUNT
U.S. EXPORT SALES
  • For Week Ending 29-07-2021

    2020-2021
    Net Upland Sales 17,200
    Upland Shipments 2,29,500
    Net Pima Sales 2,500
    Pima Shipments 8,700
    TOTAL SALES 19,700

    2021-2022
    Net Upland Sales 1,49,300
    Net Pima Sales 9,100
    TOTAL 1,58,400
Plexus Market Comments 05 August
  • So where do we go from here?

    The chart still looks constructive and spec longs have no reason to exit positions, while trade shorts are getting a bit more nervous as we head into the peak hurricane season.

    Therefore, as long as the outcome of the major Northern Hemisphere crops remains in limbo, the market should remain well supported, with the possibility to spike higher in case something were to go wrong on the weather front.
Cleveland On Cotton
  • Cleveland on Cotton: Lagging Exports Not a Sign of Weak Demand

    August 6, 2021

    The cotton market has now bulled through 90 and 91 cents and set the stage for a challenge of 93 cents. However, that barrier most likely will not fall until the September world supply demand report is released with USDA’s first objective crop estimate. Granted, Mother Nature can continue with her efforts to further trip-up this crop.
PCCA Cotton Market Weekly
  • August 6, 2021

    Futures Gain 37 Points From Last Week

    • Stock Market Activity Fairly Two-Sided This Week
    • Crop Behind in Many Parts of Cotton Belt
    • August WASDE Report Coming Next Week
Cotton Indices and Spot Rate As on 10-Aug-2020
  • MCX Spot Rate 27,200Cotton indices and Spot Rate
    As on 10-Aug-2021

    Brazil Cotton Index 98.59 +0.85%

    Cotlook A Index 99.55 -0.75

    US Upland Spot Rate 88.63 +1.44

    MCX Spot Rate 26,880

    China Cotton Index
    As on 11-Aug-2021

    CC Index 328: 17830 +112
    CC Index 527: 16678 +70
    CC Index 229: 18193 +94
Jernigan Global Weekly 09-Aug-2021
  • 1. 2021/2022 COTLOOK A INDEX BEGINS SEASON WITHOUT BRAZIL QUOTE FIRST TIME IN MORE THAN FOUR YEARS

    2. CHINA’S EMBARGO OF AUSTRALIAN COTTON COSTING HIGH COUNT SPINNERS MILLIONS

    3. IMPORTANT VIETNAM TEXTILE AND APPAREL SUPPLY CHAIN IMPACTED BY COVID

    4. LOGISTICS CONTINUES TO INHIBIT US COTTON EXPORTS

    5. DELTA VARIANT STRAIN OF COVID HITS CHINA
U.S. EXPORT SALES
  • For Week Ending 05-08-2021
    `
    2020-2021
    Net Upland Sales 17,200
    Upland Shipments 2,29,500
    Net Pima Sales 2,500
    Pima Shipments 8,700
    TOTAL SALES 19,700

    2021-2022
    Net Upland Sales 1,49,300
    Net Pima Sales 9,100
    TOTAL 1,58,400
USDA - WASDE
  • Aug-021

    In this month’s 2021/22 U.S. cotton projections, beginning stocks are slightly larger, and a 536,000-bale decrease in production results in lower exports and ending stocks. Beginning stocks are larger as estimated exports for 2020/21 are reduced 50,000 bales based on final Export Sales data and Census Bureau data through June. NASS’s first survey-based estimate of production for 2021/22 is 17.3 million bales.
Plexus Market Comments 12 August
  • So where do we go from here?

    The market continues to push higher on speculative buying and now possibly some upside protection buying by trade shorts as well.

    Unfixed on-call sales continued to rise and were at 14.23 million bales last week, or nearly ten million bales higher than unfixed purchases. This continues to add fuel to an already fiery market!
PCCA Cotton Market Weekly
  • Aug 13, 2021

    DECEMBER FUTURES FINISH WEEK AT 94.32 CENTS PER POUND

    • Stock Markets Form Fresh All-Time Highs
    • Incoming Marketing Year Starts Out with a Bang
    • USDA Lowers U.S. Production Estimate
    • Tropical Weather Grows More Active

    Read Full Report in PDF
Jernigan Global Weekly 16-Aug-2021

  • 1. CHINA FATIGUE – ARE SOURCING PATTERNS CHANGING FOREVER?

    2. US CROP IS LATE - HOW WILL THE US MEET EXPORT SHIPMENT TARGETS?

    3. DEC 2022 ICE DISCOUNT TO MAY/JULY BIG PROBLEM FOR 2022 AUSTRALIAN CROP

    4. US MAKES FIRST LARGE SALE TO CHINA FOR 2021/2022 SHIPMENT

    5. HAS THE USDA UNDERESTIMATED THE US CROP AT 17.264 MB?
Cleveland On Cotton
  • Demand Driven Bulls Trample Over 93 Cent Resistance

    August 14, 2021

    Many thought USDA’s August estimate of the U.S. crop might be a scene from a “wild wild west shoot-‘em-up,” but everyone was bowled over, nonetheless. So much for the market not pushing above 93 cents until the September supply demand report! USDA’s August estimate was what I had expected the September report to look like. Kudos to USDA for biting the bullet.

    Read Full Report in PDF
Cotton Indices and Spot Rate As on 17-Aug-2020
  • Brazil Cotton Index 100.05 +1.51%

    Cotlook A Index 102.75 unch

    US Upland Spot Rate 91.81 +0.85

    MCX Spot Rate 27,160

    China Cotton Index
    As on 18-Aug-2021

    CC Index 328: 18542 +138
    CC Index 527: 17498 +120
    CC Index 229: 18831 +146
U.S. EXPORT SALES
  • U.S. EXPORT SALES
    For Weekending 12-Aug-2021

    2021-2022
    Net Upland Sales 2,42,400
    Upland Shipments 2,21,100
    Net Pima Sales 10,600
    Pima Shipments 3,700
    TOTAL SALES 2,53,000

    2022-2023
    Net Upland Sales 59,500
    Net Pima Sales 0
    TOTAL 59,500
Plexus Market Comments 19 August 2021
  • So where do we go from here?

    It looks like we are headed for another showdown between spec longs and trade shorts, as their respective positions have been growing to sizeable levels.

    The question is whether the outcome is going to be similar to 2011 or 2018? Ten years ago lower than expected Chinese stocks and spec buying fueled a historic short-covering rally. In 2018 we saw speculators bail from a 12.2 million bales net long position, which let the large trade short of around 20 million bales off the hook.
Cleveland On Cotton
  • Market Bulls Still Have Horns

    August 20, 2021

    The market is screaming, I’m hungry. Feed me! It’s the time of year when we typically write about the Dog Days of Summer, mid-August, blistering hot, muggy, and simply uncomfortable, day after day. Cotton, loving that kind of weather, is adding weight to its heavy fruit load and the market can’t decide in which direction to move, but it is typically reluctant to move higher. Oh! Also, prices seem to be in the 70’s.

    Read Full Report in PDF
PCCA Cotton Market Weekly
  • Aug 20, 2021

    DECEMBER FUTURES HIT HIGHEST PRICE SINCE MARCH 2014

    • Market Jitters About Delta Variant Impact on Economy
    • U.S. Export Commitments Increase
    • Texas Crop Needs Heat
    • Traders Watch for South Texas Classing Reports

    Read Full Report in PDF
Jernigan Global Weekly 23-Aug-2021
  • 1. DEMAND CONCERNS SPREAD; HAS TOO MUCH DEMAND BEEN PULLED FORWARD? IS AN INVENTORY RECESSION POSSIBLE?

    2. CHINA’S XINJIANG CROP EXPERIENCES HEAVY RAINS, WIND, AND HAIL JUST AS BOLLS OPEN

    3. COTTON PREMIUM TO POLYESTER AND VISCOSE IN CHINA SURGES TO LEVELS WHERE MARKET SHARE IS IMPACTED
U.S. EXPORT SALES
  • For Week Ending 19-08-2021

    2020-2021
    Net Upland Sales 2,45,100
    Upland Shipments 2,01,700
    Net Pima Sales 14,300
    Pima Shipments 8,000
    TOTAL SALES 2,59,400

    2021-2022
    Net Upland Sales 67,900
    Net Pima Sales 0
    TOTAL 67,900
Plexus Market Comments 26 August 2021
  • So where do we go from here?

    Spec longs and trade shorts have been keeping each other in check lately, as their positions have expanded to historically significant levels. Sooner or later this stalemate is likely to break, with the bulls seemingly having the better odds, at least that’s what the options market is telling us.
Cleveland On Cotton
  • Market Refuses to Back Down

    August 27, 2021

    Cotton just does not want to go down. Attempts to push prices below 93 cent have been short lived and have come without any muscle. Prices continue to creep back to 95 cents while keeping their eye on the 96-cent resistance level and the nearby objective of 97-100 cents. Additionally, prices continue to trade above all the moving average trend lines.
PCCA Cotton Market Weekly
  • Aug 27, 2021

    DECEMBER FUTURES HIT HIGHEST PRICE SINCE MARCH 2014

    • Concerns that “Transitory Inflation” is not so Transitory Arise
    • El Salvador Last Week’s Biggest Cotton Buyer
    • 79% of Cotton Belt Setting Bolls
    • Tropical System in Gulf of Mexico Key to Watch
Gujcot Weekly Report 28-Aug-2021
  • Market Movement from 23rd Aug 2021 to 28th Aug 2021

    • This week NY December future consolidated steadily and closed with 174 points weekly gain.

    • US Export sale was also decent with new commitment of 2,59,400 Bales for current year and 67,900 bales for next year. But China remained absent in new sales. Good shipments above 2 Lakh bales.
Jernigan Global Weekly 30-Aug-2021
  • 1. CURRENT APPAREL SOURCING SUPPLY CHAIN UNDER EXTREME STRESS

    2. CENTRAL ASIAN DROUGHT RAISES DOUBTS ABOUT THE COTTON CROP

    3. AUSTRALIAN COTTON ASSUMING LARGER ROLE IN ASIAN TRADE

    4. US EXPORT SALES DISAPPOINT AS REGIONAL BUYERS DOMINATE AND SHIPMENTS LAG

    5. SURGING FREIGHT RATES BOOST BRAZIL’S TEXTILE AND APPAREL INDUSTRY

    6. DRY WEATHER A CONCERN IN GUJARAT BUT RAINS EXPECTED 30/31

    7. WEATHER CONCERNS CONTINUE IN THE US AS A NEW HURRICANE IS EXPECTED TO HIT THE BELT

    8. ICE FUTURES CLOSE NEAR THE HIGHS OF THE WEEK.
Shurley on Cotton
  • Strong Prices Continue – So Far with Few Hiccups
    Aug 27, 2021

    Most of the time, but not always, prices tend to trend down into the harvest months. It’s called seasonality and for that reason, farmers like to price some portion of their crop prior to harvest. How much varies from farmer to farmer and depends on how much risk he/she is willing to take on an unknown future.

    This continues to be shaping up as one of those not-very-often years where farmers stand to enjoy both a good crop and at a good price.
U.S. EXPORT SALES
  • For Week Ending 26-08-2021

    2021-2022
    Net Upland Sales 1,05,200
    Upland Shipments 1,68,600
    Net Pima Sales 14,500
    Pima Shipments 4,700
    TOTAL SALES 1,19,700

    2022-2023
    Net Upland Sales 23,800
    Net Pima Sales 0
    TOTAL 23,800
Plexus Market Comments 02-Sep-2021
  • So where do we go from here?

    Not much has changed since last week, as spec longs and trade shorts continue the standoff with their historically significant positions. This has boxed the market into a 92-95 cents window for the last three weeks.

    The WASDE on September 10 could be the next trigger point, as most traders expect an upward revision of the US crop to over 18 million bales, but there could also be some bullish surprises, like a much overdue downward adjustment of Indian ending stocks.
PCCA WeeklyCotton Market

  • SEPTEMBER 3, 2021

    DECEMBER FUTURES RALLY BUT UNABLE TO HOLD GAINS

    • Markets in “Risk-Off” Mindset Monday and Tuesday
    • Pakistan Biggest Buyer of Cotton This Week
    • 70% of Crop Rated Good or Excellent
    • USDA Reports Delayed for Labor Day
Gujcot Weekly Report
  • WEEKLY REPORT 04-SEP-2021

    Market Movement from 30th Aug 2021 to 04th Sep 2021

    • NY December future declined from Monday to Wednesday but when hurricane IDA passed without much damage to cotton crop, it recovered in last two sessions and closed this week with just 82 points loss.

    • US Export sale was slow with just 119,700 bales sales for current year and only 23,800 bales sales for next year. Shipment also was down to just 173,300 bales.
Jernigan Global Weekly 06-Sep-2021
  • 1. NEW DOUBTS REGARDING CHINA’S LUXURY MARKET AS XI LAUNCHES NEW “CULTURE REVOLUTION”

    2. PAKISTAN’S DOMESTIC PRICES HIT 105 CENTS BEFORE RETREATING

    3. INDIA NEW CROP STARTS TO MOVE/ PRICES DISCOUNTED FOR FORWARD SALES

    4. CHINA ZCE FUTURES BASIS AT RECORD LOWS TO CASH PRICES

    5. CFR BASIS LEVELS MOVE HIGHER AS SHIPPING COSTS CONTINUE TO RISE

    6. US HARVEST ADVANCES; SOUTH TEXAS CROP OF EXCELLENT QUALITY

    7. PHYSICAL COTTON PRICES STEADY AS ICE CONSOLIDATES; CONCERN OVER DEMAND INCREASING
Cleveland On Cotton
  • Seat at the Dollar Table Depends on Mother Nature

    September 4, 2021

    After testing near term lows, the cotton market rallied at week’s end, settling above 94 cents, basis December futures. The attempt to climb to the magic one-dollar level is somewhat stimmed by the potential for the U.S. crop to climb to over 18 million bales. The current estimate is 17.3 million bales, but late as the crop is, Mother Nature could still give us an unusually late fall; thus, allowing for the plant’s very young fruit to develop harvestable bolls.
Plexus Market Comments 09-Sep-2021
  • So where do we go from here?

    We feel that after trading sideways in a 92-95 cents box for the last four weeks, December is getting ready to make a move. Tomorrow’s WASDE could provide the trigger if there are any surprises, but we also need to watch economic developments, which could trip up the spec long like it did in 2018.

    While we can’t rule out another spike higher, we become increasingly concerned about an economic slowdown going forward and believe that it is prudent to start putting some downside protection in place.
U.S. EXPORT SALES
  • For Week Ending 02-09-2021

    2021-2022
    Net Upland Sales 4,53,900
    Upland Shipments 1,55,300
    Net Pima Sales 12,100
    Pima Shipments 12,000
    TOTAL SALES 4,65,100

    2022-2023
    Net Upland Sales 19,500
    Net Pima Sales 0
    TOTAL 19,500
PCCA Cotton Market Weekly
  • SEPTEMBER 10, 2021

    DECEMBER CONTRACT CLOSES WEEK AT 93.22 CENTS PER POUND

    • Unemployment Claims of 310,000 as of September 4
    • Total Export Commitments Still Lag Recent Year’s Pace
    • Texas Production Big Shocker on September Crop Production Report
    • 61% of Crop Rated Good or Excellent

USDA - WASDE
  • Sept-2021

    Beginning stocks are slightly lower than last month in the 2021/22 U.S. cotton estimates, but a much larger increase in production means that both exports and ending stocks are higher than estimated in August. U.S. cotton production is forecast at 18.5 million bales, up 1.2 million bales despite a 4 percent decline in harvested area, largely due to increased projected yields in Texas. With both world trade and U.S. supplies higher this month,
Gujcot Weekly Report
  • WEEKLY REPORT 11-SEP-2021

    Market Movement from 06th Sep 2021 to 11th Sep 2021

    • Not much movement on NY cotton futures during this week. Market was lower on Thursday due to adjusting position before WASDE. Over all NY December closed this week with 52 points weekly loss.

    • Bullish numbers of expert sale was ignored by market due to bearish WASDE report.
Jernigan Global Weekly 13-Sep-2021
  • 1. SUPPLY CHAIN WOES EXPAND AS ALL AREAS FEEL IMPACT

    2. CHINA SEED COTTON PRICE DRAMA DRIVES ZCE BUT SPINNERS UNABLE TO PASS ALONG PRICE HIKES

    3. THIRD LARGEST AUSTRALIAN CROP ON RECORD NOW BEING PLANTED
U.S. EXPORT SALES
  • For Week Ending 09-09-2021

    2021-2022
    Net Upland Sales 2,84,800
    Upland Shipments 2,37,500
    Net Pima Sales 9,600
    Pima Shipments 3,100
    TOTAL SALES 2,94,400

    2022-2023
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 19,500
Shurley on Cotton
  • The See-Saw at 90-Plus Continues – What Lies Ahead?

    September 16, 2021

    The strong uptrend in prices seems to have leveled out. Prices (Dec futures) have been in a range of mostly 92 to 95 cents for the past month plus. Dec closed at almost 95 cents back on August 17 but followed by at a close at 92.3 cents on September 1.

    Last week ended at 93.5 cents—down 52 points for the week. So far this week (through today, September 15), Dec is down another 13 points to 93.37 cents.
Plexus Market Comments 16-Sep-2021
  • So where do we go from here?

    The market can’t seem to make its mind up, and neither can we! On the one hand we have this large spec net long position, which has the potential to squeeze mills who still have over 5 million bales to fix on December. If speculators were to hang on to their positions, then a lack of sell-side liquidity could force trade shorts to pay up.
PCCA Cotton Market Weekly
  • September 17, 2021

    Export Sales Show Demand is Still Strong

    • Prices Settle Down 71 Points for Week
    • U.S. Spending on Solid Ground
    • Export Sales Strong Again This Week
    • Crop Health Declines in Some Areas
Gujcot Weekly Report
  • WEEKLY REPORT 18-SEP-2021

    Market Movement from 13th Sep 2021 to 18th Sep 2021

    • NY futures remained easy during week with lower volume. Speculator are now silent with market not able to cross technical resistance area. Overall NY December future closed with 117 points loss during this week.

    • Export sales were decent around 3 lakh bales and shipment also better. China was among big buyers. But market ignored good US export sales and closed lower.
Jernigan Global Weekly 19-Sep-2021
  • News Letter 19-Sep-2021

    1. LOGISTICS CHAOS PROVIDES STRATEGIC ADVANTAGE TO LOCAL SOURCING

    2. CHINA RETAIL SALES DEMAND FOR APPAREL FALLS SHARPLY IN AUGUST AS CRACKDOWN ON BUSINESS EXPANDS

    3. DENIM IS COOL; DEMAND DRIVING INCREASE IN COTTON USE

    4. FACTS BEGIN TO DESTROY THE LIES TOLD ABOUT COTTON

    5. US RETAIL SALES OF APPAREL IN AUGUST REACH NEARLY 26 BILLION USD; 86% LARGER THAN CHINA’S SALES

    6. CHINA TEXTILE MARKET TURNS WEAKER; NDRC RATIONS POWER

    7. DULL TRADE IN ICE FUTURES AS MARKET SLOWLY MOVES LOWER
U.S. EXPORT SALES
  • *U.S. EXPORT SALES*

    *For Week Ending 16-09-2021*

    2021-2022
    Net Upland Sales 3,45,300
    Upland Shipments 1,76,800
    Net Pima Sales 23,500
    Pima Shipments 3,800
    TOTAL SALES 3,68,800

    2022-2023
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 0
Plexus Market Comments 23-Sep-2021
  • Market Comments – September 23, 2021

    So where do we go from here?

    The technical breach on Monday flushed out some spec longs and allowed mills to fix a decent amount of their December commitments. This helped to defuse a potential short-squeeze, although mills are not quite out of the woods yet.

    With financial markets quickly reverting to ‘risk on’, spec liquidation stopped, while mill fixations and possibly China buying lifted the market back into the 92-95 settlement range, where we had been in previous five weeks.
PCCA Cotton Market Weekly
  • September 24, 2021

    A Rollercoaster of a Week

    Open Interest Down 10,601 Contracts from Last Week
    Jobless Claims Higher Than Expected
    Net Upland Sales Total 345,400 Bales
    Share of Crop in Good or Excellent Condition Higher Than the Last Four Years
Gujcot Weekly Report
  • WEEKLY REPORT 25-SEP-2021

    Market Movement from 20th Sep 2021 to 25th Sep 2021

    • This week will be noted as highly volatile week on both sides. On Monday with fear of Chinese real estate giant’s default, market lost 331 points. Market recovered in next 3 days with support of Fed's support with no increase in interest rate and also huge buying by China. On Friday market jumped to its lifetime high on ICE December future closing at 95.99 cents gaining 366 points in a single day.
Jernigan Global Weekly 27-Sep-2021
  • JERNIGAN GLOBAL
    News Letter 27-Sep-2021

    1.    CHINA DOWNSTREAM TEXTILE SECTOR UNDER SEVERE STRESS FROM ENERGY RATIONING/LOGISTICS

    2.    “RECORD CONTAINER SHIPS DRIFTING OUTSIDE US WEST COAST PORTS”; ENERGY SHORTAGE SHUT TEXTILE PLANTS AND FREIGHT COST 25% OF RETAIL DENIM IS COOL; DEMAND DRIVING INCREASE IN COTTON USE

    3.    CFR BASIS LEVELS VERY ELEVATED AS 4th QUARTER 2021 ARRIVES
U.S. EXPORT SALES
  • *For Week Ending 23-Sep-2021*

    2021-2022
    Net Upland Sales 5,71,400
    Upland Shipments 1,63,900
    Net Pima Sales 16,900
    Pima Shipments 11,700
    TOTAL SALES 5,88,300

    2022-2023
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 0
Plexus Market Comments 30-Sep-2021
  • So where do we go from here?

    While China has brought great uncertainty to the market and there might be some fundamental reasons for prices to move higher, this has clearly turned into a showdown between spec longs and trade shorts.
PCCA Cotton Market Weekly
  • OCTOBER 01, 2021

    MARKET TAKES OFF THIS WEEK

    • U.S. Federal Spending and Debt Limit Fight Seem to Escalate
    • Export Sales Report Confirms Surge in Demand
    • 11% of Cotton Belt Harvested
    • Weather is Threat More to Quality than Quantity
Gujcot Weekly Report
  • WEEKLY REPORT 02-OCT-2021

    Market Movement from 27th Sep 2021 to 02nd Oct 2021

    • This is last weekly report of 2020/21 cotton season. 2020/21 season has given very good earning opportunities to all stakeholders.

    • We wish same earning in new cotton season for all stakeholders.
JERNIGAN GLOBAL
  • News Letter 10-Oct-2021

    1. ICE AND ZCE COTTON FUTURES RALLY 16.6% IN RECORDBREAKING SIX SESSIONS, SHOCKING THE SUPPLY CHAIN

    2. CHINESE FABRIC MILLS FACE CRISIS DUE TO POWER CUTS
Cleveland on Cotton
  • *Seat at the Dollar Table Depends on Mother Nature*

    *October 02, 2021*

    With apologies to Mr. Rogers, “It’s a beautiful day in the neighborhood, a beautiful day in the neighborhood, want you be my Magic, Mr. Cotton…” Cotton has us just singing away as past and present demand has pushed and pushed the market to 11-year highs and that Magic Dollar level. Prices settled Thursday evening at 105.80, basis December futures, and were unchanged at Friday noon.
U.S. EXPORT SALES
  • For Week Ending 30-Sep-2021

    2021-2022
    Net Upland Sales 2,46,600
    Upland Shipments 1,25,100
    Net Pima Sales 13,700
    Pima Shipments 3,700
    TOTAL SALES 2,60,300

    2022-2023
    Net Upland Sales 55,000
    Net Pima Sales 0
    TOTAL 55,000
PLEXUS Market Comments
  • Market Comments – October 7, 2021

    So where do we go from here?

    With China probably coming back with speculative vigor after its week-long holiday and with the WASDE next Tuesday possibly showing some bullish corrections (Indian stocks and Chinese imports), it is difficult to see this rally coming to an end anytime soon.
PCCA Cotton Market Weekly
  • OCTOBER 08, 2021

    DECEMBER FUTURES FINISH 581 POINTS UP FOR THE WEEK

    • Stocks Struggled in Sideways Motion Until Thursday
    • Rains Delay Harvest to Slowest Pace Since 2013
    • October Crop Production and WASDE Reports Next Week

    Futures prices stalled slightly last Friday after making another fresh high. On Monday, the December contract found support at the week’s low of 103.58 cents per pound before turning higher.
Jernigan Global Weekly 11-Oct-2021
  • JERNIGAN GLOBAL
    News Letter 11-Oct-2021

    1. EMOTIONS RUN HIGH AS PRICES SURGE AND CHINA MARKET REOPENS

    2. GLOBAL COTTON PRICE MANIPULATED BY EXCESSIVE SPECULATION

    3. XINJIANG SEED COTTON PRICES SOAR DURING NATIONAL HOLIDAY

    4. GLOBAL HARVEST EXPANDS ACROSS MOST MAJOR REGIONS

    5. ICE SHOWS SIGNS OF A NEAR TERM PEAK AFTER DRAMATIC MOVES

    6. CFTC COT REPORTS CONFIRM LIKELY CHINESE HEDGE FUND BUYING
Gujcot Weekly Report
  • WEEKLY REPORT 09-OCT-2021

    Market Movement from 02nd Oct 2021 to 09th Oct 2021.
    • This week was also dominated by bulls. NY December crossed 116 intraday before closing the week just above 110 cents. Speculative run helped NY December to gain 607 points during the week. From 20 September to 8th Oct NY December gained nearly 22 cents.
    • US Export sales was lower with higher prices, mills stayed away from purchase or fixation. 2,60,000 bales sold and just 1,28,000 bales shipped.
Plexus Market Comments 14-Oct-2021
  • So where do we go from here?

    After getting close to a 50% retracement of the up move between 88.95 and 116.48 cents, the market has started to turn up again, which might force mills to become more aggressive with their fixations and/or upside protection via options.

    Although there may have been some profit taking by speculators during this correction, the nearly unchanged open interest tells us that speculators have staying power and that time is working against the shorts.
U.S. EXPORT SALES
  • For Week Ending 07-Oct-2021

    2021-2022
    Net Upland Sales 1,46,700
    Upland Shipments 95,200
    Net Pima Sales 6,400
    Pima Shipments 10,600
    TOTAL SALES 1,53,100

    2022-2023
    Net Upland Sales 10,600
    Net Pima Sales 0
    TOTAL 10,600
Gujcot Weekly Report
  • WEEKLY REPORT 16-OCT-2021

    Market Movement from 11th Oct 2021 to 16th Oct 2021.

    • This week was highly volatile with 4 out of 5 sessions ended in red. WASDE was bearish to neutral so usually market was down this week. Anticipating good export sale to China on Thursday market gained 300 points and on Friday morning limit up but after disappointing export sale numbers market gave up all gain. Ultimately NY December close with weekly loss of 327 points.
Jernigan Global Weekly 18-Oct-2021
  • 1. CHINA’S NDRC MOVES TO CALM SPECULATION IN COTTON AS ICE DOES NOTHING

    2. CHINA’S ENERGY PRICES DRIVING A MAJOR INCREASE IN COST

    3. LOGISTICS COULD MEAN US COTTON EXPORTS REACH ONLY 14 MILLION BALES

    4. TURKEY GROWING AS A COTTON POWERHOUSE, LIRA WEAKNESS A THREAT

    5. AUSTRALIAN COTTON EXPERIENCES ANOTHER MAJOR RAIN EVENT AS PLANTING EXPANDS

    6. ICE RETREATS WITH CHINESE INFLUENCE DOMINATING TRADE
U.S. EXPORT SALES
  • For Week Ending 14-Oct-2021

    2021-2022
    Net Upland Sales 3,91,800
    Upland Shipments 1,17,400
    Net Pima Sales 23,900
    Pima Shipments 5,400
    TOTAL SALES 4,15,700

    2022-2023
    Net Upland Sales 63,900
    Net Pima Sales 0
    TOTAL 63,900
PLEXUS Market Comments
  • Market Comments – October 21, 2021

    So where do we go from here?

    Not much has changed since last week, as neither the large spec and index fund long nor the sizeable trade short have been willing to reduce their exposure. The latest CFTC report still showed a big 19 million bale net position on both sides. The question is who will blink first?

    With only three weeks to go until December options expiration, mills have their work cut out to reduce their still large unfixed on-call position in December and this could generate buying pressure.
PCCA Cotton Market Weekly
  • OCTOBER 22, 2021

    PRICES MADE LARGE MOVES THIS WEEK
    • Excellent Week for Equities Markets
    • Export Sales Report Picks Up
    • Cotton Harvest Still Lags
    • Traders Examine Daily Classing Reports and Cash Market Offers

    Although prices made large moves every day of the past week, December futures trading was relatively constrained to the range from Tuesday’s low at 105.25 cents per pound to Thursday’s high at 111.35 cents.
Gujcot Weekly Report 23-Oct-2021
  • Market Movement from 18th Oct 2021 to 23rd Oct 2021.
    • Another highly volatile week with daily trading range of more than 300 to 400 points in NY future.

    • Decent US Export sales but market ignored it and closed 400 points lower on Thursday. NY December ultimately closed with 93 points gain.
Jernigan Global Weekly 25-Oct-2021
  • News Letter 25-Oct-2021

    1. SUPPLY CHAIN COLLAPSE, POOR MANAGEMENT OF LOGISTICS, CONTAINER LINE ABUSE AND GREED … ALL CAUSE MAYHEM FOR COTTON TRADE

    2. WILL THE PLUNGE IN THE TURKISH LIRA IMPACT COTTON DEMAND?
U.S. EXPORT SALES
  • For Week Ending 21-Oct-2021

    2021-2022
    Net Upland Sales 3,60,800
    Upland Shipments 63,400
    Net Pima Sales 8,400
    Pima Shipments 2,200
    TOTAL SALES 3,69,200

    2022-2023
    Net Upland Sales 20,000
    Net Pima Sales 0
    TOTAL 20,00
PLEXUS Market Comments
  • Market Comments – October 28, 2021

    So where do we go from here?

    When we look at the recent chart action, we see a steep rise of 2753 points between the September 20 low and the October 8 high, which was followed by an almost perfect 50% percent retracement when the market corrected to 103.50 cents on October 13.

    From there December traded sideways into a pennant or triangle, from which it broke out over the last two days.
PCCA Cotton Market Weekly
  • OCTOBER 29, 2021

    DECEMBER FUTURES FINISH WEEK AT 113.73 CENTS
    • Stocks Continued to Make New Highs This Week
    • Cotton Demand Remained Healthy for Week Ending October 21
    • Texas Crop 40% Harvested
    • Cotton Now Entering Warehouses at Normal Daily Rate
Jernigan Global
  • News Letter 01-Nov-2021

    1. IS THE WORLD BECOMING ADJUSTED TO 100 CENTS PLUS COTTON? OR IS IT ALL LOGISTICS?

    2. CHINA CALMS SPECULATIVE ACTIVITY WITH VERY STALINIST MEASURES
ROSE ON COTTON
  • COTTON MARKET SURGES, BUT THERE ARE BEARISH SCENARIOS
    Oct 30, 2021

    The ICE Dec cotton contract picked up 93 points last week, finishing at 108.26, with the Dec – Mar spread inversion contracting to 207. Last week our models predicted a finish on the week that was to be near unchanged to lower Vs the previous Friday’s settlement, which proved to be incorrect, although recent volatility invites a discussion of what “near unchanged” means.
Gujcot Weekly Report
  • *GUJCOT TRADE ASSOCIATION*
    WEEKLY REPORT 30-OCT-2021

    Market Movement from 25th Oct 2021 to 30th Oct 2021.
    • This week was a bull dominated week. NY December Future remained green in all five sessions and closed the week with 659 points weekly gain. Good US export sales and some technical stop loss triggered to reach new high. Expiry of NY December option is in few days so now new hedge trade will be on ICE March future. March is inverted to December nearly 400 points. It shows tightness in current time.
Cleveland on Cotton
  • Market Set to Challenge 18 Cents

    November 01, 2021

    Greek mythology taught us that the legendary Icarus flew so high that the Sun melted his wings and he crashed to Earth. The Greek cotton industry is in a revival today, thanks to demand, and Icarus still soars.
U.S. EXPORT SALES
  • For Week Ending 28-Oct-2021

    2021-2022
    Net Upland Sales 1,39,100
    Upland Shipments 1,41,900
    Net Pima Sales 1,70,900
    Pima Shipments 7,600
    TOTAL SALES 1,70,900

    2022-2023
    Net Upland Sales 20,600
    Net Pima Sales 1,800
    TOTAL 22,400
PLEXUS Market Comments
  • Market Comments – November 04, 2021

    So where do we go from here?

    We are still in a situation in which some trade shorts in December (mainly related to mill fixations) need to buy, while spec longs are still in no hurry to part with their positions. This might lead to further price spikes, as shorts are forced to pay up to entice sellers.
U.S. EXPORT SALES
  • 2021-2022
    Net Upland Sales 1,28,000
    Upland Shipments 87,900
    Net Pima Sales 6,600
    Pima Shipments 9,600
    TOTAL SALES 1,34,600

    2022-2023
    Net Upland Sales 11,600
    Net Pima Sales 00
    TOTAL 11,600
Cleveland on Cotton
  • Market Maintains Momentum Despite Neutral USDA Report

    November 12, 2021

    Cotton prices found a favorable move in front of the USDA November supply demand report and maintained that momentum despite a neutral report. The market continues to be dominated by the bullish cotton on-call sales position. Too, with just six trading sessions before first notice day (FND), the certainty of a squeeze on the December contract adds to the bullish short-term outlook.
PCCA Cotton Market Weekly
  • *NOVEMBER 12, 2021*

    INFLATION IS HEADLINE OF WEEK FOR BROADER MARKETS
    • MARCH CONTRACT PERFORMS BETTER THAN DECEMBER
    • U.S. CONSUMER PRICE INDEX BEATS ANALYSTS’ EXPECTATIONS
    • WASDE HIGHLIGHTS
    • BULK OF EXPORT VOLUME TO CHINA
Gujcot Weekly Report
  • Market Movement from 8th Nov 2021 to 13th Nov 2021.
    • This week was stable to bullish on NY future. USAD WASDE report was neutral and export sales was lower but bullish sentiment ignored it and market stayed higher. Ultimately NY December gained 82 points during this week while now lead month March gained 184 points in this week.
Jerningan Global News Letter 15-Nov-2021

  • 1. INDIA DIWALI & RECORD COTTON PRICES ADD TO GLOBAL GROWTH PROSPECTS

    2. US CFR BASIS LEVELS REACH NEW EXTREMES: ARE THEY PEAKING? IS A E/MOT M 1 1/8 WORTH 2100 ON?
ICE Cotton Update
  • \Cotton set for third weekly rise as Omicron fears ease

    ICE cotton futures rose on Thursday and were on track for a third straight weekly gain on strong demand outlook for the natural fiber as worries over the Omicron coronavirus variant eased.
U.S. EXPORT SALES
  • For Week Ending 11-Nov-2021

    2021-2022
    Net Upland Sales 1,36,700
    Upland Shipments 77,900
    Net Pima Sales 20,600
    Pima Shipments 6,500
    TOTAL SALES 1,57,300

    2022-2023
    Net Upland Sales 7,200
    Net Pima Sales 00
    TOTAL 7,200
PLEXUS Market Comments
  • So where do we go from here?

    The market has been trading sideways for the last three weeks and the December liquidation failed to cause a big spike as some have feared, despite zero certified stock on hand.

    We therefore still feel that March will see a correction as we head into the holiday period, as mills are not yet ready to deal with their March fixations. China will probably still be there to buy the dips, which together with the large amount of outstanding mill fixations should provide decent underlying support.
PCCA Cotton Market Weekly
  • NOVEMBER 19, 2021

    GOOD ECONOMIC NEWS AND VOLATILE INTRADAY ACTIVITYMARCH CONTRACT PERFORMS BETTER THAN DECEMBER
    • OPEN INTEREST DOWN 16,674 CONTRACTS
    • U.S. RETAIL SALES EASILY BEAT EXPECTATIONS
    • VIETNAM, TURKEY AND CHINA AMONG WEEK’S BIGGEST BUYERS
    • GROWERS MAKE SUBSTANTIAL HARVEST PROGRESS
Gujcot Weekly Report 20-Nov-2021
  • Market Movement from 15th Nov 2021 to 20th Nov 2021.
    • Another volatile week on NY cotton future market. US future market shot up on news of possibility of India export ban but after cotton stake holders indecisive meeting with Union Textile minister market lowered to previous levels. Overall NY December gained 153 point and March gained 135 points during the week.

    • With just only 194 bales certified stock December now going to notice period. March is lead month now and major volume in March contract.
Jernigan Global Weekly 21-Nov-2021
  • JERNIGAN GLOBAL
    News Letter 21-Nov-2021

    1. INDIAN DEBATE INTERJECTS NEW DYNAMICS TO GLOBAL TRADE SPECIAL INDIAN ISSUE

    2. MSP DETERMINES INDIAN COTTON ACREAGE

    3. INDIAN COTTON EXPORT & YARN TRADE MAJOR PART OF WORLD TRADE
Thompson on Cotton
  • Market Remains Strong Among Rising Economic Concerns

    November 22, 2021

    Most of last week’s market activity centered around the liquidation of the December contract. Up to this point, there have been no surprises and with First Notice Day only a day away, little is expected as it fades into history after a monumental run. In the meantime, the March contract posted a new closing high at 116.92 during the week to settle Friday only a few points shy at 116.43, for a gain of 135 points.
DTN Cotton Close
  • Sharply Lower on Omicron, Fed

    November 30, 2021

    The cotton market saw several of its contract months end at limit down Tuesday, amid growing fears over the omicron variant, plus disturbing comments from the Federal Reserve. Chairman Jerome Powell suggested that inflation was no longer considered transitory and that the Fed’s tapering process needs to be implemented quicker.
U.S. EXPORT SALES
  • For Week Ending 18-Nov-2021

    2021-2022
    Net Upland Sales 1,96,900
    Upland Shipments 97,100
    Net Pima Sales 18,100
    Pima Shipments 6,300
    TOTAL SALES 2,15,000

    2022-2023
    Net Upland Sales 46,200
    Net Pima Sales 1,300
    TOTAL 47,500
PCCA Cotton Market Weekly
  • NOVEMBER 26, 2021

    MARCH FUTURES NOW CENTRAL FOCUS
    • JOBLESS CLAIMS FELL BELOW 200,000 FOR FIRST TIME SINCE 1969
    • DEMAND FOR U.S. COTTON REMAINED HEALTHY
    • EXPORT SALES REPORT COMING NEXT WEEK
Gujcot Weekly Report
  • WEEKLY REPORT 28-Nov-2021

    Market Movement from 22nd Nov 2021 to 27th Nov 2021.

    • This week was stable from Monday to Wednesday. Thursday market was close on occasion of Thanksgiving Day. Friday in short session market fall sharply on news of rise in covid cases in South Africa and many European countries. On Friday March NY gave up nearly 400 points. NY March closed with 465 points weekly loss.
ROSE ON COTTON
  • COTTON MARKET TUMBLES ON NEWS OF OMICRON VARIANT

    Nov 29, 2021

    The ICE Mar cotton contract gave up 465 points on the holiday-shortened week, finishing at 111.78, with the Mar – May inversion strengthened at 185. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be incorrect.
Thompson on Cotton:
  • Kneejerk Selloff to Fresh COVID News

    November 29, 2021

    With markets it’s often not what you know, but rather what you don’t know or the unexpected that can be most concerning. Last week’s cotton market was a perfect example. Trading rather passively leading up to Thanksgiving, most thought Friday’s abbreviated session would be a non-event as traders nursed holiday hangovers.
Shurley on Cotton
  • New OMICRON Variant Causing Panic

    November 30, 2021

    It’s not just cotton. All commodities and the US stock market as well, are reeling from news of a new virus strain. Should growers be concerned? Yes. Will prices recover? Likely, but when and how much. And will the market fall further before a recovery?
DTN Cotton Close
  • Lower as Market Preps for Reports

    December 08, 2021

    The cotton market is lower Wednesday morning as some traders square up for Thursday’s USDA report. First off Thursday, at 8:30 a.m. EST, the market will see new export sales numbers, followed by the December Crop Report at High Noon.
U.S. EXPORT SALES
  • For Week Ending 25-Nov-2021

    2021-2022
    Net Upland Sales 3,74,800
    Upland Shipments 71,400
    Net Pima Sales 6,400
    Pima Shipments 2,300
    TOTAL SALES 3,81,200

    2022-2023
    Net Upland Sales 00
    Net Pima Sales 00
    TOTAL 00
PLEXUS Market Comments
  • So where do we go from here?

    Speculators have started to reduce their net long and it remains to be seen whether their exodus will continue or whether they suddenly find renewed interest in our market. A lot will depend on the macro situation and whether financial markets can keep their composure. So far investors don’t seem too concerned as they are still buying the dips.
Gujcot Weekly Report
  • Market Movement from 29th Nov 2021 to 04th Dec 2021.

    • NY futures declined sharply during the week. NY March lost 758 points with limit down on Tuesday and 200 points loss on Wednesday. Market worried about spread of new omicron variant Covid. some comment of fed chairman regarding tapering to control inflation and technical sell signal on chart has created panic. Reduction of open interest shows liquidation of funds by speculators.
ROSE ON COTTON
  • COTTON MARKET CONTINUES SKID AHEAD OF DEC WASDE RELEASE

    December 04, 2021

    The ICE Mar cotton contract gave up 758 points on the week, finishing at 104.20, with the Mar – May inversion weakened at 129. The Mar contract lost 481 points in Nov. Last weekend our models predicted a finish on the week that was to be near unchanged to lower Vs the previous Friday’s settlement, which proved to be correct.
Thompson on Cotton
  • Funds, Outside Forces Driving Market

    December 06, 2021

    The hope of a post-holiday market rebound was dashed as the selloff continued last week, highlighted by a limit down move of five cents on Tuesday. Since hitting an intraday trading high of 118.50 three weeks ago, March futures has given up over 14 cents closing the week at 104.20, a decline of almost 15 percent. New crop prices fared somewhat better but still dropped below 90 cents as December 22 futures settled at 87.75.
U.S. EXPORT SALES
  • For Week Ending 02-Dec-2021

    2021-2022
    Net Upland Sales 3,82,600
    Upland Shipments 1,14,800
    Net Pima Sales 7,100
    Pima Shipments 8,700
    TOTAL SALES 3,89,700

    2022-2023
    Net Upland Sales 18,100
    Net Pima Sales 900
    TOTAL 19,000
DTN Cotton Close
  • Market Eases Lower on Neutral Data

    December 9, 2021

    The cotton market ended Thursday slightly lower, despite neutral to friendly supply-demand numbers. Essentially, USDA kept domestic ending stocks unchanged at 3.40 million bales, but did slash world carryout some 1.20 million bales.
PLEXUS Market Comments
  • So where do we go from here?

    This bull market has been built on four main pillars, namely spec longs, Chinese buying, a large unfixed on-call sales position and inflation expectations.

    With speculators currently reducing their net long exposure and with Chinese buying reportedly turning a bit more tepid, the bulls currently rely on support from mill fixations and inflation expectations.
Shurley on Cotton
  • Fundamentals Provide Reason For New Hope, Support

    December 10, 2021

    Uncertainty and panic over the OMICRON variant caused the cotton market, along with many other commodities, to drop significantly in price over the past 2 weeks.
PCCA Cotton Market Weekly
  • *NOVEMBER 26, 2021*

    PRICES RALLY OFF OF LOW OF THE WEEK, UNABLE TO HOLD MUCH GAIN
    • MARKETS BELIEVE OMICRON RISK LESS THAN ORIGINALLY FEARED
    • DEMAND FOR U.S. COTTON REMAINED HEALTHY THIS WEEK
    • LITTLE CHANGE FROM WASDE REPORT
DTN Cotton Close
  • Market Suffers Technical Setback

    January 20, 2022

    The cotton market unfolded a triple-digit retreat Thursday, as its overbought condition caused some traders to liquidate. Even positive outside markets, such as the recovering Dow Jones, as well as higher Soybeans and crude, could not dissuade traders from selling long positions. Of course, with the market posting a near 10% gain so early in the year, it’s generally thought correction of some degree would be healthy towards the longer-term trend.
Gujcot Weekly Report
  • Market Movement from 06th Dec 2021 to 11th Dec 2021.

    • NY March started this week with triple digit gain and hold the gain throughout week with minor changes in last four days. Ultimately closed at 106.23 with 203 points gain.

    • WASDE was generally neutral with minor changes. A small quantity in US crop increased.
JERNIGAN GLOBAL News Letter 14-Dec-2021
  • 1. COTTON PRICE BEGINS TO FIND DEMAND ABOVE 100 CENTS

    2. IS THIS TIME ABOVE 100 CENTS DIFFERENT?
Rose On Cotton
  • December 13, 2021

    The ICE Mar cotton contract picked up 203 points on the week, finishing at 106.23, with the Mar – May inversion effectively unchanged at 130. Last weekend our models predicted a finish on the week that was to be near unchanged to lower Vs the previous Friday’s settlement, which proved to be incorrect. However, we did not recommend trading any bias ahead of the Dec WASDE release.
U.S. EXPORT SALES
  • For Week Ending 09-Dec-2021
    2021-2022
    Net Upland Sales 2,86,400
    Upland Shipments 1,31,500
    Net Pima Sales 700
    Pima Shipments 8,500
    TOTAL SALES 2,87,100

    2022-2023
    Net Upland Sales 56,300
    Net Pima Sales 00
    TOTAL 56,300
PLEXUS Market Comments
  • So where do we go from here?

    After building a base for the last two weeks, the market took off today, which should take any further spec selling out of the game for now and might invite some new buying, both from the spec sector as well as mills, who seem to have missed an opportunity to fix a bigger portion of their March exposure.
Cleveland on Cotton:
  • Market Maintains Momentum Despite Neutral USDA Report

    December 17, 2021

    Cotton continues to have a laundry list of fundamentals that support the bullish side of the price equation. There are bearish ones as well, although I am challenged to think of any…but the silent spring lingers. The price deck just does not seem to have all 52 cards, and when I do count 52, a couple of them, once turned over, are jokers.
Gujcot Weekly Report
  • Market Movement from 13th Dec 2021 to 18th Dec 2021.

    • NY March ended this week with 107 points weekly gain. On Thursday market gained over 300 points but gave away some gain on Friday.

    • US export sales was better but lower than prior week. US export shipment accelerate to 1,40,000 bales, market has taken is as positive sign.
ROSE ON COTTON
  • COTTON MARKET AGAIN FINISHES MODESTLY HIGHER, MANCHIN KILLS “BUILD BACK BETTER”

    December 20, 2021

    The ICE Mar cotton contract picked up 107 points on the week, finishing at 107.30, with the Mar – May inversion strengthened at 160. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct.
DTN Cotton Close
  • Moderately Lower on Melting Dow
    January 24, 2022

    The cotton market was off less than 0.50 cent, despite the fact the Dow Jones collapsed over 1,100 points! The bearish driver of the Dow was the potential that Russia invades Ukraine. Monday, many NATO countries are sending supplies and troops toward Ukraine as a deterrent to the Russians.
Thompson on Cotton
  • Tugged by Opposing Forces, Looking for Direction

    December 20, 2021

    Low volume trading yielded little in the way of price movement for most of last week. That was until Thursday when, for no explainable reason, Christmas came early as March futures traded limit up. Unfortunately, absent any follow through trading on Friday, the Grinch snatched back most of these gains leaving March up a penny on the week and December unchanged at 107.30 and 90.04, respectively.
U.S. EXPORT SALES
  • For Week Ending 16-Dec-2021

    2021-2022
    Net Upland Sales 2,44,400
    Upland Shipments 1,31,100
    Net Pima Sales 6,500
    Pima Shipments 4,500
    TOTAL SALES 2,50,900

    2022-2023
    Net Upland Sales 49,400
    Net Pima Sales 400
    TOTAL 49,800
PLEXUS Market Comments
  • So where do we go from here?

    The market is trading in thin volume during the holiday period and this can lead to some volatile price moves. The chart has started to look more constructive over the last three sessions, but we need to see more volume and a jump in open interest before we can make a bullish case.
ROSE ON COTTON
  • COTTON MARKET FINISHES HIGHER AHEAD OF CHRISTMAS BREAK

    December 24, 2021

    The ICE Mar cotton contract gained 182 points on the holiday-shortened week, finishing at 109.12, with the Mar – May inversion strengthened significantly at 207. Recall that a market inversion relays that demand for cotton nearby is perceived to be greater than in the future. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct.
Thompson on Cotton
  • Favorable Fundamentals Retaking Control

    December 27, 2021

    Last week’s market activity closely resembled that of the previous week. Trading in a wide range of five cents from low to high, small gains were captured despite an abbreviated holiday schedule. Current crop advanced a cent and half while new crop gained half a cent, closing at 109.12 and 90.71 respectively.
ICE Cotton Update
  • ICE Cotton slips on weaker equities amid Russia – Ukraine tensions

    ICE cotton futures dipped on Tuesday, tracking weakness in equity markets due to escalating Russia-Ukraine tensions and possible sanctions.
ICE Cotton Update
  • ICE Cotton futures drop as investors roll positions

    ICE cotton futures fell nearly 1% on Monday as investors rolled over their positions from the front-month contract, while the focus turned to a closely watched federal monthly supply and demand report later this week.

    The front-month contract on ICE futures for March was down 1.20 cents, or about 1%, at 125.54 cents per lb by 12:08 EST. It traded within a range of 125.41 and 126.94 cents a lb.
U.S. EXPORT SALES
  • For Week Ending 23-Dec-2021

    2021-2022
    Net Upland Sales 1,92,200
    Upland Shipments 1,62,200
    Net Pima Sales 7,100
    Pima Shipments 7,000
    TOTAL SALES 1,99,300

    2022-2023
    Net Upland Sales 24,400
    Net Pima Sales 00
    TOTAL 24,400
PLEXUS Market Comments
  • January 27, 2022

    So where do we go from here?

    Supply chain bottlenecks, which still persist, have distorted the supply/demand picture and given us the impression that we are running out of cotton, when in fact we are only running out of readily available cotton at destination, while supplies are bunching up at origin.
Shurely on Cotton
  • Prices Showing Nice Recovery, Outlook Still Uncertain and Volatile

    December 30, 2021

    Old crop March futures hit just shy of $1.13 today—up 294 points (2.94 cents per lb). New crop Dec futures closed at 91.65 cents—up .35 cents.

    We don’t want to and shouldn’t make too much of a single day activity. But, look at what has happened just over the last 3 days this week—Mar22 was up 3.16 cents on Monday, then down 2.23 cents on Tuesday (yesterday), and now back up 2.94 cents today.
PCCA Cotton Market Weekly
  • JANUARY 07, 2021

    MARCH FUTURES SETTLE UP 38 POINTS FOR THE WEEK
    • MIXED WEEK FOR OUTSIDE MARKETS
    • EXPORT SALES WERE HEALTHY SHIPMENTS ARE STILL A DISAPPOINTMENT
    • WINTER WEATHER AND DRYNESS ARE HERE

    FUTURES MARKET ACTIVITY

    March futures made a fresh multi-week high on Tuesday, pushing up to 117.68 cent per pound. Unfortunately, momentum did not hold. With the outside markets softening Wednesday (more on that below), cotton prices moderated as well. March futures settled at 114.72 cents on Thursday, up 38 points for the week.
ROSE ON COTTON
  • ICE COTTON POSTS LARGE WEEKLY AND MONTHLY GAINS

    May 01, 2022

    ICE July cotton gained 978 and 1356 points on the week and month, respectively, finishing at 145.63, as the July – Dec inversion ballooned to 2356. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct. However, we did not recommend trading this bias. The Dec contract gained 291, finishing at 122.07 – a 1079-point gain for April.
Gujcot Weekly Report
  • Market Movement from 27th Dec 2021 to 01st Jan 2022.

    • This week was driven by bulls. During holiday week market was highly volatile with low volume. NY March Future moved triple digit up and down almost every day. ULTIMATTLY NY March closed with 348 points gain during the week.
Thompson on Cotton
  • Strong Demand Should See Renewed Highs

    January 03, 2022

    Another year has come and gone at breakneck speed. Like its predecessor, 2021 was far from uneventful. An overheated economy drove consumer prices to their highest level in almost four decades.
Monthly Rate Movement Report January– 2022
  • Monthly Rate Movement Report January– 2022

    • Daily Physical Spot Rate

    • MCX Cotton Daily Closing Rate

    • USD-INR Exchange Rate Closing

    • Cotlook Index

    • ICE Future Closing

    • NCDEX Kapas Rate

    • MCX Future Closing

    • NCDEX and MCX converted into Rs. Candy Rate

    We hope it will be useful to all the stake holders of Textile Value Chain.
U.S. EXPORT SALES
  • For Week Ending 28-Apr-2022

    2021-2022
    Net Upland Sales 2,32,300
    Upland Shipments 4,26,600
    Net Pima Sales 3,400
    Pima Shipments 21,200
    TOTAL SALES 2,35,700

    2022-2023
    Net Upland Sales 93,200
    Net Pima Sales 4,000
    TOTAL 97,200
PLEXUS Market Comments
  • So where do we go from here?

    Today’s on-call report is worrisome, since it showed that very little progress has been made with March fixations. This will most likely lead to further price spikes due to sell-side illiquidity, as trade shorts (mill fixations) still have to cover over four million bales in a matter of just 3-4 weeks.
Gujcot Weekly Report
  • Market Movement from 03rd Jan 2022 to 08th Jan 2022.

    • Another volatile week with upward gain in NY future. Tuesday NY March crossed 117 cents marks intraday, though could not sustain but still was able to remain near to second highest close. Support from outside markets, renewed interest of speculators in cotton and some fundamental supported NY futures to close in green weekly. NY March closed the week with 252 points gain.
Thompson on Cotton
  • Fundamentals Remain Positive in Face of Geopolitical Tensions

    February 22,2022

    The Ukrainian border crisis overshadowed everything last week, negatively influencing the actions of traders. Taking the stage with the world as an audience, President Biden is attempting to look less sleepy while Vladimir Putin is being his cagey KGB trained self. Will someone please tell the boys to play nice?
PCCA Cotton Market Weekly
  • *JANUARY 14, 2022*

    MARCH FUTURES SETTLE UP 212 POINTS FOR WEEK
    • MARKETS WORRIED ABOUT HAWKISH FEDERAL RESERVE AND OMICRON VARIANT
    • WASDE REPORTS DECREASE IN EXPECTED BALE PRODUCTION
    • MILLS STILL DEEPLY IN NEED OF COTTON

    March futures spent the first half of the week attempting to move higher but only making marginal gains. Nevertheless, prices were able to escape the recent range by way of a surge in buying after the bullish WASDE report on Wednesday (more below).
Gujcot Weekly Report
  • Market Movement from 09th Jan 2022 to 15th Jan 2022.

    • NY future continues with bull domination. Neutral to bullish WASDE and excellent export sales were main factors for bullish week on NY cotton futures. Lot of fixations pending for March and time running out so mills are in hurry to fix the rate. March NY closed on contract high crossing 119 cents marks with weekly gain of 458 points.
Shurely on Cotton
  • Recent Events Likely to Support High Prices

    February 22, 2021

    Old crop May futures currently stands at roughly $1.21. New crop Dec is at roughly $1.03. May was down 3.39 cents for the week through yesterday, recovers up today, but still down for the week.

    Still, recent events and news has been mostly positive for prices and while this week’s decline can be (and perhaps should be a little) concerning, the price outlook still appears to be mostly positive and encouraging.
PCCA Cotton Market Weekly
  • JANUARY 28, 2022

    PRICES LOOKED RESILIENT IN FACE OF OUTSIDE MARKET TURMOILEXPORTABLE GOODS COMPETITIVELY PRICED
    • STOCK MARKETS PRODUCED MINOR PANIC EARLY IN WEEK
    • VIETNAM, INDIA AND CHINA BIG BUYERS FOR 2022/2023 MARKETING YEAR
    • WEST TEXAS, KANSAS, SOUTHWEST OK STILL DRY AFTER SNOW
Gujcot Weekly Report
  • Market Movement from 17th Jan 2022 to 22nd Jan 2022.

    • Another week of huge volatility on NY cotton future market.

    • NY March posted contract high and decade high to 124.75 intraday on Wednesday. Indian agency has reduced Indian crop size which also was taken positive by NY future market. Technically now new top so, some short covering; some mill fixation has triggered new high. Thursday and Friday there was correction due to profit booking.
DTN Cotton Close
  • Fractionally Lower on WASDE Data

    February 9, 2022

    The cotton market closed slightly lower Wednesday following the February USDA WASDE report, which was released at 12:00 p.m. EST. Basically, U.S. cotton stocks increased some 300,000 bales, but global stocks declined by 700,000-plus bales. Here is the report summary from USDA’s website.
U.S. EXPORT SALES
  • 2021-2022
    Net Upland Sales 37,000
    Upland Shipments 3,18,500
    Net Pima Sales 4,100
    Pima Shipments 5,500
    TOTAL SALES 3,24,000

    2022-2023
    Net Upland Sales 95,400
    Net Pima Sales 1,300
    TOTAL 96,700
Gujcot Weekly Report
  • Market Movement from 21st Mar 2022 to 26th Mar 2022.

    • NY May had a roller coaster week with net weekly gain of 904 points. With 583 points gain in last week and 904 points gain this week, NY May gained 1487 points in just 14 days. Drought like situation in Texas, very good US export sales and some mill fixation pulled the market up with support of speculative trade. Old crop goes more higher compare to new crop December future so July December inverse widened to more than 2000 points.
PLEXUS Market Comments
  • So where do we go from here?

    Today’s trading action showed that July and December might be headed in different directions. While July is dealing with a structural issue as mills are being forced to fix, new crop has different dynamics and is facing the long game, which includes a deteriorating demand outlook that hasn’t been factored into the price yet.
PCCA Cotton Market Weekly
  • JULY AND DECEMBER FUTURES FIND SUPPORT TOWARDS THE END OF THE WEEK

    • INFLATION READINGS ARE STILL COMING IN ABOVE EXPECTATIONS
    • U.S. EXPORT SALES FINALLY SEEMED TO SLOW DOWN
    • MAY WASDE REPORT RELEASED
    • WHILE PRECIPITATION WAS HELPFUL, DROUGHT CONDITIONS STILL CONTINUE TO PREVAIL

    July futures continued to move lower last Friday and on Monday, but seemed to find support on Tuesday and were able to recoup some of the week’s losses from there. The nearby contract settled at 145.53 cents per pound on Thursday, down 323 points for the week.
PLEXUS Market Comments
  • So where do we go from here?

    The physical market has turned quiet, with the exception of India, where offers still find keen buyers. With the big price gap between July and December looming, and given all the macroeconomic headwinds, most buyers have become very cautious and are not willing to chase after these elevated prices.
DTN Cotton Close
  • Higher on Inflation Fears
    February 23, 2022

    The cotton market finished higher Wednesday as outside market forces were markedly higher. To that end, the Chicago grains are nearing 10-year highs. Their upside potential is being fed by bullish South American weather and fears over Ukraine. All together those fundamentals spell inflation.
Cleveland on Cotton
  • Market “Back in the Doldrums
    April 23, 2022

    Cotton is back in the doldrums, if you call 120-140 cents the doldrums, a dull quiet market that has no reason to go down but continues to hint of higher prices. The market is attempting to transition from the 2021-22 marketing year to the 2022-23 marketing year.
Gujcot Weekly Report
  • Market Movement from 02nd May 2022 to 07th May 2022.

    • Another highly volatile week in NY future. Front month July almost touched 156 cents on Wednesday, a new contract high and came limit down on Thursday and also closed in red on Friday. Downfall in equity market, higher dollar and profit booking pushed the cotton futures downward. Despite higher export sales and shipment market finished in red.
DTN Cotton Close
  • Sharply Up on India

    April 13, 2022

    Cotton nearly traded limit-up Wednesday (5 cents) as news that India would allow duty-free imports to enter its country jolted the market. According to certain newswires, the government is attempting to overcome its shortfall in production by encouraging domestic mills to bring in foreign cotton tax free.
Thompson on Cotton
  • Volatility Reigns as Macroeconomics Take Over from Fundamentals
    May 23, 2022

    Where and when will new crop prices top out? For over two years, fixated on short supplies and endless demand, traders have driven December futures to continuous new highs. The most recent was last Monday when it hit 133.79. However, it was revealed last week the demand side of this equation may be weakening.
Gujcot Weekly Report
  • Market Movement from 16th May 2022 to 21st May 2022.

    • This was highly volatile week in NY future. Market moved intraday 500 to 700 points daily. NY July got high of 151.95 and low of 141.13. Ultimately NY July closed with weekly loss of 293 points. Dec also closed with weekly loss of 281 points. July December inverse with minor changes remained almost unchanged.

    • Export sales was better for current year but lower for next year. Shipment still lower and lagging behind to meet the USDA target.
Shurely on Cotton
  • Has New Crop Met Its Pre-Harvest High?

    May 24, 2022

    Maybe. But it’s not 100% certain. So, maybe not. No one can say. So, make decisions and manage price risk accordingly.

    Dec futures reached a contract new high close at roughly $1.33 last week (Monday) but then lost almost 8 cents for the remainder of the week. We must understand why.