Gujcot Trade Assocation

News & Reports

GUJCOT WEEKLY REPORT 16-NOV-2024

Market Movement from 11th Nov 2024 to 16th Nov 2024.

• The NY futures had a challenging week as a strong dollar, lower exports, and sluggish demand exerted pressure on prices. Both the December and March contracts continued their downward trend. The December contract closed with a loss of 418 points, while the front-month March contract ended with a loss of 434 points.

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PCCA Cotton Market Weekly 15-Nov-2024

Cotton futures declined this week due to weak demand and a stronger U.S. dollar. With December Futures First Notice Day approaching and harvest nearly complete, we are deep into the season. Sales and shipments have fallen short of expectations, although there is potential for improvement next week. Will the market show any signs of recovery? Get QuickTake’s read on the week’s events in five minutes.

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U.S. EXPORT SALES

PCCA Cotton Market Weekly 08-Nov-2024

Cotton futures found support amid a week of significant market-moving events, including the U.S. presidential election and the Fed’s interest rate cut. The World Agricultural Supply and Demand Estimates (WASDE) Report was on par with expectations, and export sales and shipments remained steady. How have these events influenced the market? Get QuickTake’s read on the week’s events in five minutes.

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GUJCOT WEEKLY REPORT 09-NOV-2024

Market Movement from 04th Nov 2024 to 09th Nov 2024.

• This week was packed with high-impact events. U.S. election results provided some support to the dollar, the Federal Reserve implemented a 0.25% interest rate cut, and the release of a neutral WASDE report were the main highlights of the week.

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USDA-WASDE

November-2024

The U.S. cotton balance sheet for 2024/25 shows marginally lower production, lower exports, and higher ending stocks. NASS revised its estimate for U.S. all-cotton production downward by 10,000 bales to just below 14.2 million in its November Crop Production report. The Georgia crop is raised about 200,000 bales offset by a similar reduction in the Texas crop with assorted small changes elsewhere.

Upcoming Reports

US Weekly Export Sales Report on Thursday 21st Nov 2024 at 7 pm IST

WASDE Report on Tuesday 10th Dec 2024 at 10:30 pm IST.

WASDE Report on Friday 10th Jan 2025 at 10:30 pm IST.