Jernigan Global Weekly 22-Jun-2020
Posted : July 10, 2020

JERNIGAN GLOBAL
News Letter 22-June-2020

1. EUROPE AND US RETAIL OPENING SUGGEST SLOW REVIVAL IN DEMAND

2. ITMF ANNUAL SURVEY ON CONTAMINATION CONFIRMS: AUSTRALIA AND US HIGHEST QUALITY WHILE ARGENTINE, GREECE, SOUTH AFRICA, BURKINA FASO AND MEXICO SHOW MAJOR IMPROVEMENT

3. US RETAIL SALES REBOUND STRONGLY IN MAY

4. INDIAN EXPORT SALES SLOW DESPITE DISCOUNTS

5. US TRADE REP LIGHTHIZER CONFIRMS CHINA HAS BOUGHT ONE BILLION USD OF US COTTON AND HAS HIGHER TARGETS

6. BRAZIL BASIS WEAK AS US CAPTURES RESERVE PURCHASES

7. TIGHTNESS IN MEMPHIS WAREHOUSE LOCATIONS ALLOWS JULY ICE TO LIQUIDATE AT PREMIUM

8. CHINESE SPINNERS REPORT BETTER DEMAND FOR CARDED YARNS THAN COMBED DUE TO CHANGES IN CONSUMER DEMAND

9. US WEST TEXAS REGION RAIN CHANCES MUCH IMPROVED

10. CHINA RESERVE PURCHASES CONTINUE TO DISENGAGE ICE FUTURES FROM REST OF WORLD PRICES 

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