Gujcot Trade Assocation

News & Reports

GUJCOT WEEKLY REPORT 04-MAY-2024

Market Movement from 29th Apr 2024 to 04th May 2024.

• The week began with a glimmer of positivity on Monday, but the overall macroeconomic conditions, coupled with the Federal Reserve's decision to pause rate cuts, remained negative. Additionally, lower exports and shipments further fueled the downward trend in the market. By Thursday, the market had suffered a loss of nearly 500 points.

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PCCA Cotton Market Weekly 03-May-2024

After gaining a little ground last week, July futures spent the week on a downward descent.

• July futures settled at 75.62 cents per pound, finishing 546 points lower for the week.

• Volume increased toward the end of the week, as total open interest increased by 3,255 contracts to reach a balance of 205,869.

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U.S. EXPORT SALES

GUJCOT MONTHLY RATE MOVEMENT REPORT– APR-2024

• During the past month, New York witnessed a surge of unsettling events, marked by a disturbing level of violence. Despite positive export figures and a neutral WASDE report, the market remained indifferent. The escalation of tensions between Iran and Israel, coupled with the certification of stock, exerted immense pressure on market dynamics.

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Cleveland on Cotton 28-Apr-2024

Cotton Prices Trapped as Export Sales Continue with No Change in Demand

Low prices have encouraged export sales of all growths and U.S. cotton continues to move. Yet the level of sales is not sufficient to suggest that demand is improving. In fact, the level of sales does not even suggest any improvement in demand. Thus, cotton prices remain trapped within the narrow six cent, 77-83 cent trading range. The high 70s to low 80s trading range for both old crop and new crop will continue to prevail.

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GUJCOT WEEKLY REPORT 27-APR-2024

Market Movement from 22nd Apr 2024 to 27th Apr 2024.

• The week began with a correction mode, but ultimately surrendered all gains by the week's end. The market, oversold as it was, seemed to overlook positive export figures. In July, the market remained nearly unchanged, ending the week with a loss of 12 points.

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Upcoming Reports

US Weekly Export Sales Report on Thursday 09th May 2024 at 6 pm IST

WASDE Report on Friday 10th May 2024 at 9:30 pm IST.

WASDE Report on Wednesday 12th June 2024 at 9:30 pm IST.