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
Cotton Indices 21 February
  • Brazil Cotton Index 76.99 -1.07%

    US Upland Spot Rate 66.33 +1.85

    KCA Spot Rate 8,500 -100

    MCX Spot Rate 20,170 +20

    China Cotton Index

    CC Index 328   154501 +08
    CC Index 227   14553 +16
    CC Index 229   15979 +10
ICE Cotton Update 22-Feb-2019
  • Cotton futures scale 2 – week peak on possible U.S. – China trade deal

    ICE cotton futures on Thursday jumped more than 2 percent to hit their highest level in two-weeks on a report about a potential breakthrough in the U.S.-China trade dispute.

    The most active cotton contract on ICE Futures U.S., the May contract , settled up 1.85 cent, or 2.56 percent, at 74.01 cents per lb.
USDA - India Cotton Production Update July 2018
  • Area and Production:
    Post has reduced the MY 2018/19 cotton area forecast to 11.8 million hectares, 100,000 hectares lower than the official USDA estimate. The reduction in area is primarily in the two major cotton growing states of Gujarat and Maharashtra. Deficit rains and pest pressures have prompted farmers to either plant alternate crops, or delay/abandon planting altogether
Cotton Outlook - Long Staple Annual Review
  • Our annual Long Staple Special Feature is published at a potentially significant moment in the evolution of the world market for upland cotton. Notwithstanding the short-term fluctuations of the market, underlying
    bullish sentiment has steadily been building, as the unexpected strength of world raw cotton consumption during the 2017/18 season, coupled with the disposal of additional Chinese stocks, has influenced the statistical outlook.
ICAC - Executive Summary
  • 01-October-2018

    Decreases Expected in Area, Yields and Production in 2018/19

    • Global cotton area projected to decrease 2% to 33.4 million tonnes
    • Global yields expected to decrease 1% to 777 kg per hectare
    • Global production projected to decrease 4% to 26 million tonnes
    • Stocks in China are at their lowest level since 2011/12
Cotton This Week - ICAC
  • 25-Sept-2018

    Major changes (larger than 40,000 tons):
    Australia 2018/19: production 580,000 tonnes (-56,000 tonnes)
    Brazil 2018/19: production 2.1 million tonnes (+42,000 tonnes)

    2017/18: production 2 million tonnes (+41,000 tonnes)
    China 2018/19: production 5.8 million tonnes (+150,000 tonnes)
Cotton Inc. Executive Update
  • U.S. Macroeconomic Indicators & the Cotton Supply Chain
    October 2018

    Following a meeting in late September, the Federal Reserve increased interest rates for the third time this year. The official statement from the central bank indicated that they have confidence that economic expansion will continue and suggested that interest rates will likely increase again in December.
Cotton Inc. Monthly Economic Letter October 2018
  • RECENT PRICE MOVEMENT
    Most benchmark prices decreased over the past month.

    Values for the December NY futures contract moved lower in the second half of September, dropping from 82 to 76 cents/lb by early October. In later trading, prices have generally held between 76 and 78 cents/lb.
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.
Cotton and Wool Outlook - USDA
  • 15-Oct-2018

    China Leads 2018/19 World Cotton Stocks Decline

    The latest USDA cotton estimates for 2018/19 project world ending stocks to decrease 8 percent from the previous season to 74.4 million bales. With global cotton mill use forecast to exceed production, world stocks are expected to decline 6.4 million bales by season’s end, as lower stocks in China in 2018/19 more than offset higher stocks outside of China.
ICAC - World Cotton Supply and Distribution
  • Global Consumption Forecast at 27.5 Million Tonnes for 2018/19

    Highlights from the November 2018 Cotton This Month report, regarding the 2017/18 season:

    World ending stocks were 18.9 million tonnes
    • Global consumption grew 9% to 27 million tonnes
    • Global production increased 16% to 27 million tonnes
    • Despite increases in Brazil and West Africa, global area is expected to decline in 2018/19
Thmpson On Cotton 10-Dec
  • Watching the market last week was certainly not for the faint of heart. Even though March futures gained 132 points to settle at 80.23, it traded in a wide 325-point range.  It began on a positive note when the U.S and China agreed to a 90-day truce in their ongoing trade war.  The good news was short lived, however, when President Trump later tweeted he was still a “tariff man” followed by the arrest of a Chinese business executive. All this cast serious doubt on whether the two countries could negotiate a resolve.
USDA - WASDE December 2018
  • WASDE Cotton: Increased Domestic Production, Ending Stocks

    This month’s 2018/19 U.S. cotton forecasts include slightly higher production and ending stocks. Production is raised 180,000 bales due mainly to a 300,000-bale increase in Texas. Domestic mill use and exports are unchanged. Ending stocks, forecast at 4.4 million bales in 2018/19, are 100,000 bales above both last month and the 2017/18 estimate.
Cotton Inc. Monthly Economic Letter Dec-2018
  • RECENT PRICE MOVEMENT

    Movement in global cotton prices was mixed over the past month, with values for NY futures moving slightly higher, values for Chinese prices moving slightly lower, and the A Index stable.
US Cumulative Cotton Export Sales – Countrywise
  • US Cumulative Cotton Export Sales
    01-August-2018 To 06-December-2018

    Top 10 Country

    COUNTRY TOTAL % Of Total Sales
    VIETNAM 23,22,777 22.62%
    CHINA 16,15,821 15.73%
    MEXICO 10,16,915 9.90%
    INDONESIA 9,89,324 9.63%
    PAKISTAN 7,97,835 7.77%
    BANGLADESH 7,38,706 7.19%
    THAILAND 4,23,675 4.13%
    TURKEY 4,20,780 4.10%
    KOREA 3,58,752 3.49%
    INDIA 2,67,400 2.60%
Shurley On Cotton 14 Dec
  • The Problems and the Possibilities

    Last month, I suggested that 80 cents or better would be a good target at which to do some additional pricing on a portion of remaining uncommitted production. That still holds. Prices have shown some willingness recently to move to 80 cents or better but have not been able to sustain it.

    One would think with all the production and quality issues and uncertainties continuing to plaque the US crop, that the market would/could make a concerted move higher and stay there, but such has not yet been the case.
ICAC - World Cotton Supply and Distribution
  • Executive Summary

    Highlights from the December edition regarding the 2018/19 season:

    • Global cotton area projected to hold steady at 33 million hectares

    • Global production expected to decrease 2% to 26.1 million tonnes

    • By the end of the season, stocks in China could be at their lowest level since 2011/12

    • Consumption, which increased to 26.8 million tonnes in 2017/18, is forecast to drop slightly
Cotton and Wool Outlook 13-Dec.-2018
  • World Cotton Trade Projected at 6-Year High

    The latest U.S. Department of Agriculture (USDA) projections for 2018/19 indicate that global cotton trade is forecast to rise nearly 2 percent from last season and reach its highest since 2012/13. World trade is projected at 41.7 million bales in 2018/19, 700,000 bales above last season but still 4.7 million bales below the record set 6 years ago.

    Read Full Report in PDF
Thmpson On Cotton 25-Jan-2019
  • Mills Find Buying Opportunity

    Firm price support has been found around 72 cents, as mills see this as a buying opportunity. I say this to be so, even though we’re all flying blind absent any USDA reports since the shutdown began.

    That includes weekly exports sales, monthly supply and demand numbers, as well as weekly commitment of trader’s report.
DTN Cotton Close 21-February
  • Sharply Higher on Trade Hopes

    The cotton market finished sharply higher Thursday on bullish comments from President Trump late Wednesday. To reiterate, Mr. Trump has indicated the U.S./China trade talks were going well, and that American Agriculture would be a big beneficiary. Of course, such as been a common theme for many weeks, and no deal has been struck. Right now, the talks are operating under a March 1 deadline. Yet, even that deadline is pliable, as Mr. Trump has said he is willing to move it out farther.
Monthly Rate Movement Report – January 2018
  • Monthly Rate Movement Report – January 2018

    • 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
U.S. EXPORT SALES
  • For Week Ending 27 December 2018

    2018-2019
    Net Upland Sales 2,28,200
    Upland Shipments 1,89,800
    Net Pima Sales 8,300
    Pima Shipments 12,500
    TOTAL SALES 2,36,500

    2019-2020
    Net Upland Sales 32,200
    Net Pima Sales 0
    TOTAL 32,200
Reinhart Cotton Market Report 07 Feb
  • India – Cotton prices traded lower across major trading centres on higher supplies, slow buying for domestic mills and the export market. Lint prices for Gujarat 29mm are quoted around INR 42’300 per candy, equivalent to US Cent 77.25 per lb FOB Mundra, based on the prevailing exchange rae. The total India cotton arrivals reached 18.00 mio bales for the 2018/19 crop year (October-September period) till 31 st January 2019. The Reserve Bank of India (RBI) cut the key interest rate by 0.25% to 6.25%.
Plexus Market Comments 07 Feb
  • So where do we go from here?

    We believe that December is currently at the center of the pricing structure and that the other months are mainly a function of their relationship to December. Given the potential for larger US and global crops next season, we see it as difficult for December to rally anytime soon.
Cleveland On Cotton 08-Feb-2019
  • What This Market Needs Is A Little Drama

    Cotton prices continue trapped in a very narrow trading range. This week, March has had a high of 7411 and a low of 7245 for a measly 166 points. That’s not to say the trading has been lackluster. Volume has been quite large, but the activity has been limited mostly to the rolling of positions from March to May. March closed the week at 7255, down 109 points on the week.
Gujcot Weekly Report
  • • Long awaited USDA WASDE Report was finally released after two months. As a backward revision in 2017-2018 USDA lowered world consumption by a net 588,000 bales effectively world's ending stock was increased by nearly two million Bales, otherwise it is neutral.
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.
US Export Sales
  • UPLAND

    Net sales of 299,800 RB for 2018/2019 were up 31 percent from the previous week and 52 percent from the prior 4-week average.

    PIMA

    Net sales of Pima totaling 6,000 RB for 2018/2019 were down 28 percent from the previous week and 35 percent from the prior 4-week average.
Plexus Market Comments 14-Feb-2019
  • So where do we go from here?

    Recent reports seemed to tell the market “don’t worry, the pipeline is flush with cotton throughout the season and there is a lot more on the way next season”. This has increased outright pressure and also forced more carry into the market.
PCCA Cotton Market Weekly
  • FEBRUARY 15, 2019

    COTTON FUTURES FALL 233 POINTS

    • More Acres Expected in 2019
    • Exports Better Than Expected
    • Economic Data Disappoints
    • Delayed Reports Still a Hurdle
Shurley on Cotton
  • “Uncertain” is the Buzzword for 2019 Crop

    Market Situation

    The new crop Dec futures price is challenging support at the 72 to 73 cent area. After hanging around 74 to 75 cents for a while, prices are showing additional weakness. Dec futures at 73 cents or less excites no one that will be growing cotton this year. But we are reminded that Dec18 was at 76 cents this time last year. Dec18 eventually went to over 90 cents and no one saw that coming at the time.
Gujcot Weekly Report
  • Market Movement from 11th Feb 2019 to 16th Feb 2019

    • High level meeting between U.S. and china at Beijing Concluded with some positive indication from both the sides but market did not react before any solid conclusion.
JERNIGAN News Letter 18-Feb-2019
  • 1. BRAZIL APPAREL MARKET EXPERIENCES LARGER IMPORTS AS DOMESTIC INDUSTRY SUFFERS: CHINESE IMPORTS UNDERCUTTING INVESTMENT

    2. CONAB RAISES THE 2018/2019 COTTON CROP TO 2.565 MMT OR 11.784 MB

    3. US PREPLANT CONDITIONS CAUSE SOME CONCERN: DRY WEATHER IN WEST TEXAS/EXCESSIVE RAINS IN THE MID-SOUTH

    4. TURKEY: WILL COTTON ACREAGE FALL AFTER POOR RETURNS OF 2018 AND INFLATION CONCERNS?
Reinhart Cotton Market Report 21 Feb
  • India – The cotton Corporation of India (CCI) published its all Indian arrival report for 2018/19 season, whereby arrivals are pegged at 17.88 million bales till 8th of February 2019. As per market sources, CCI has procured above 0.85 million bales in the ongoing season, mainly attributed to weak prices which are trading below the Minimum Support Price. Yet, CCI expects procurement to reach 1.50 million bales by the end of the current season. However, for obvious reason the future market will define that final number.
Plexus Market Comments 21 Feb
  • So where do we go from here?

    Today’s flash-in-the-pan rally might continue if we get a positive surprise in tomorrow’s export sales release. However, technically were are still in a bearish trend and unless we get a move above 77 cents in May, we are going to treat this as another bear market rally.
U.S. EXPORT SALES
  • For Weekending 14-February-2019
    Combined Sales of Previous 6 Weeks

    2018-2019
    Net Upland Sales 9,77,100
    Upland Shipments 14,31,500
    Net Pima Sales 42,200
    Pima Shipments 1,10,500
    TOTAL SALES 10,19,300

    2019-2020
    Net Upland Sales 1,61,400
    Net Pima Sales 0
    TOTAL 1,61,400