Jernigan Global Weekly 15-Feb-2021
Posted : February 26, 2021

JERNIGAN GLOBAL
News Letter 15-Feb-2021

1. INDIAN SPOT SHANKAR-6 1 1/8 PRICES FALL TO 1000-POINT DISCOUNT TO ICE MAY FUTURES

2. AUSTRALIAN 2021 CROP HITS 600 AD/BALE  AND NEW RAINS FORECAST

3. USDA WASDE LEAVES THE US CROP PRODUCTION UNCHANGED

4. AS CLASSING NEARS COMPLETION XINJIANG CROP’S SHARP FALL IN QUALITY IN 2020 IS CONFIRMED

5. CHINESE MARKETS DO NOT FOLLOW ICE GAINS AND SPINNERS’ INVENTORIES HIGHEST IN FIVE YEARS

6. RAINS TURN HEAVY IN BRAZIL; CONAB CUTS CROP

7. ARGENTINA RECEIVES RAINS; STILL HOLDING  OLD CROP STOCKS

8. US NCC ESTIMATES SUGGEST VERY BULLISH END  TO THE 2021/2022 SEASON

9. US TEXTILE AND APPAREL SURGED 22.3% IN VOLUME,  COTTON GAINS SHARE

10. US WEEKLY EXPORT SALES SUGGEST THE US WILL HAVE TO REDUCE THE PACE OF EXPORT SALES

11. SPECULATIVE FORCES TURN TO COTTON/CRB  COMMODITY INDEX SURGES

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