Jernigan Global Weekly 25-Jan-2021
Posted : February 26, 2021

JERNIGAN GLOBAL
News Letter 25-Jan-2021

1. CHINA RETAIL SALES OF APPAREL WEAKEN IN DECEMBER

2. INDIAN CFR EXPORT BASIS WEAKENS AS MSP MEETS MARKET PRICE

3. CHINA LIKELY TO EXPAND COTTON ACREAGE IN XINJIANG IN 2021/2022 DESPITE US BAN

4. PAKISTAN DEMAND FOR IMPORTED COTTON HOLDS AS EXPORTS CONTINUE TO INCREASE

5. BRAZILIAN RAINS IMPROVE BUT JANUARY RAINFALL STILL LIKELY BELOW NORMAL

6. EUROPE-CHINA FREIGHT RATE SURGE MAKING TURKEY ATTRACTIVE FOR SOURCING

7. GLOBAL ELS PRICES SURGE AS DEMAND TIGHTENS SUPPLY

8. US CFR BASIS LEVELS CONTINUE TO BE ATTRACTIVE FOR BUYERS

9. ICE FUTURES MAKE NEW HIGHS BUT FIND RESISTANCE, CHINESE FUTURES STALL

 

Latest News
U.S. EXPORT SALES
  • For Week Ending 18-02-2021 2020-2021 Net Upland Sales 2,47,800 Upland Shipments 2,92,400 Net P
ROSE ON COTTON
  • COTTON MARKET CONTINUES HIGHER, USDA FORECASTS ACREAGE NEAR UNCHANGED IN 2021 February 21, 2021
Jernigan Global Weekly 22-Feb-2021
  • 1. CFR BASIS LEVELS WEAKEN AS INVERT AND ICE RALLY IMPACTS TRADE; INDIAN BASIS EXTENDS DISCOUNT 2