FUTURE
Cotton Futures
Contract High Low Last Change
ICE
Dec-18
Mar-18
May-19
MCX
Oct-18
Nov-18
Dec-18
Gujcot Trade Association
Latest
Gujarat Spot Rate
Gujarat Spot Rate

25-Feb-2021

Gujarat Cotton Pressing Summary
Gujarat Cotton Pressing Summary

Gujarat Cotton Pressing As on 31st Jan-2021

Cotton On-Call
Cotton On-Call

As on 19-Feb-2021

Cotton Future Close
Cotton Future Close

25-Feb-2021

News & Reports
DTN Cotton Close 25-Feb-2021
  • Ending Sharply Lower

    The cotton market was sharply lower Thursday, on heavy volume, as end-of-the-month profit-taking set in. Generally speaking, the market had increased some 12.00 cents over the course of the month of February, so a setback was inevitable and perhaps warranted. The fact that Thursday’s weekly export-sales were more ordinary than dynamic gave traders the necessary excuse to justify their selling. However, cotton’s down day was also influenced by speculative selling, which beset many markets Thursday.
U.S. EXPORT SALES
  • For Week Ending 18-02-2021

    2020-2021
    Net Upland Sales 2,47,800
    Upland Shipments 2,92,400
    Net Pima Sales 11,900
    Pima Shipments 12,200
    TOTAL SALES 2,59,700

    2021-2022
    Net Upland Sales 40,700
    Net Pima Sales 0
    TOTAL 40,700
ICE Cotton Update 25-Feb-2021
  • Cotton at 2-1/2 years peak on tight market outlook

    Cotton gained for a ninth straight session on Wednesday, hitting a 2-1/2-year peak on hopes that demand for the natural fibre would rise as the global economy recovers, while supplies remain limited.

    Cotton contracts for May rose 0.64 cent, or 0.69% at 93.31 cents per lb, at 12:15 p.m. ET (1715 GMT). It traded within a range of 92.14 and 93.63 cents a lb, which was their highest since early June 2018.
Cotton Indices and Spot Rate As on 23-Feb-2021
  • Brazil Cotton Index 91.03 +1.47%

    US Upland Spot Rate 87.78 +0.26

    Cotlook A Index 97.35 +1.75

    MCX Spot Rate 21,830 +80

    China Cotton Index
    As on 24-Feb-2021

    CC Index 3128 16432 +159
    CC Index 2127 15466 +109
    CC Index 2129 16699 +182
ROSE ON COTTON
  • COTTON MARKET CONTINUES HIGHER, USDA FORECASTS ACREAGE NEAR UNCHANGED IN 2021

    February 21, 2021

    The ICE May cotton contract gained 261 points for the week ending Feb 19, finishing at 90.48; the May – July switch was little changed at (73). Dec again finished near its weekly high, this time at 85.50. Last weekend, our proprietary model (timely results provided in our complete weekly report) predicted a finish that would be near unchanged to lower Vs the previous Friday’s settlement, which proved to be incorrect.
Jernigan Global Weekly 22-Feb-2021
  • 1. CFR BASIS LEVELS WEAKEN AS INVERT AND ICE RALLY IMPACTS TRADE; INDIAN BASIS EXTENDS DISCOUNT

    2. US CBP ISSUES DETAILS ON XINJIANG WITHHOLD ORDERS – EFFECTIVELY BANS IMPORT OF ANY XINJIANG COTTON/ TOMATO PRODUCT

    3. ABARE CONFIRMS 2021 AUSSIE CROP AT 2.582 MB

    4. PAKISTAN TEXTILE AND APPAREL EXPORTS CONTINUE TO EXPAND/JANUARY SHIPMENTS POST 10.79% GROWTH

    5. BRAZIL’S CROP REMAINS LATE AND RAINS CONTINUE
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