Jernigan Global Weekly 06-Jul-2020
Posted : August 10, 2020

JERNIGAN GLOBAL
News Letter 06-July-2020

1. US FACES EXPORT CRISIS IN 2020/2021 AMID RECORD WORLD STOCKS

2. WHIMS OF BEIJING ALONE CANNOT SOLVE THE PROBLEM

3. RECOVERY AT RETAIL LIKELY TO BE MUCH SLOWER THAN EXPECTED

4. CHINA RESERVE BEGINS 2020 AUCTIONS; RESERVE STOCKS STAND AT 2.5-2.6 MMT

5. XINJIANG ATROCITIES INCREASE ADDING TO SOURCING WOES

6. ABARE CONFIRMS 2020 AUSTRALIAN CROPS REACHED 615,663 BALES

7. INDIAN CFR BASIS FALLS SHARPLY AS ICE RALLIES

8. PAKISTAN MILLS ADD TO INVENTORIES OF DISCOUNTED IMPORTS

9. INCREASED TENDERS OF AFRICAN FRANC ZONE EXPECTED TO PRESSURE CFR BASIS

10. ICE COTTON FUTURES END THE WEEK NEARS ITS HIGHS

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