Jernigan Global Weekly 13-Jan-2020
Posted : February 25, 2020

JERNIGAN GLOBAL
News Letter 13-January-2020

1. BRAZIL FOB BASIS FIRM DESPITE US/CHINA TRADE DEAL  AS RECORD VOLUMES MOVE TO CHINA

2. CHINA COTTON YARN IMPORT DEMAND  EXCEEDS EXPECTATIONS

3. CHINESE MILLS BELIEVED TO HAVE PURCHASED BLOCK OF INDIAN COTTON AS DISCOUNT EXPANDED

4. US APPAREL IMPORT DEMAND PLUNGES 9.9% IN NOVEMBER

5. US/CHINA TRADE DEAL TO BE SIGNED JANUARY 15TH – WILL OUTSTANDING US COTTON SHIPMENTS FINALLY OCCUR?

6. US EXPORT SHIPMENTS CONTINUE TO LAG  AS SEASON ADVANCES

7. USDA LOWERS HARVESTED ACREAGE AS WEST TEXAS  YIELDS COLLAPSE

8. AUSTRALIA UPDATE: BRUSH FIRES CONTINUE  BUT A FEW SHOWERS OCCUR

9. ICE FUTURES MOVE SHARPLY HIGHER AS SPECS  BUILD A NEW NET LONG POSITION 

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