Jernigan Global Weekly 13-July-2020
Posted : August 10, 2020

JERNIGAN GLOBAL
News Letter 13-July-2020

1. A MAJOR FRIEND OF COTTON FILES FOR BANKRUPTCY – AFTER 202 YEARS BROOKS BROTHERS, A QUALITY ICON, HEADS TO AUCTION

2. PARIS SET TO TAKE THE TITLE OF WORLD FASHION CAPITAL AND TURKISH EXPORTERS SET TO BENEFIT

3. AFRICAN FRANC ZONE CFR 2019/2020 CROP BASIS COMES UNDER MAJOR PRESSURE

4. AUSTRALIAN GROWERS HAVE TO DEAL WITH DEFAULT OF CHINESE BUYER

5. US NEW CROP EXPORTS HALTED AS CFR BASIS LEVELS & ICE PRICE LEVELS HALT SALES

6. INDIAN EXPORTS CONTINUE TO DISAPPOINT WHILE CFR OFFERS REMAIN CHEAPEST IN WORLD

7. USDA WASDE LOWERS US CROP AND EXPORTS

8. PHYSICAL COTTON DEMAND IN CHINA SOFT EXCEPT FOR RESERVE SALES

9. ICE FUTURES MOVE HIGHER AS CFR BASIS FALLS SHARPLY

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