Gujcot Trade Assocation

News & Reports

PCCA Cotton Market Weekly

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GUJCOT WEEKLY REPORT 30-SEP-2023

Market Movement from 25th Sep 2023 to 30th Sep 2023.

• The ICE December cotton futures traded at 87.15 cents per pound, reflecting an increase from its value of 85.91 cents on September 22nd. Throughout the week, there was a notable uptick in cotton prices, reaching a high of 89.89 cents per pound on September 28th, resulting in a week-to-week change of 1.24 cents to the upside. However, when comparing the monthly changes, the cotton futures showed a decrease.

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Cleveland on Cotton

Cotton’s Tight Price Range Faces Little Pressure to Change

Sep 29, 2023

This week’s cotton rally was technical based. Fundamentals have essentially prohibited the market from moving above the 90-cent mark, a resistance level that has withstood four challenges. The resistance line is neither battered nor bruised, but eventually a door that is continually kicked will break.

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U.S. EXPORT SALES

ROSE ON COTTON

COTTON MARKET FINISHES WASDE WEEK MODESTLY HIGHER

Sep 25, 2023

Dec cotton futures gave up 53 points on the week (the very same 53 points it gained last week) finishing at 85.91, with the Dec – Mar spread strengthening a bit to (84). Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the previous week’s finish, which proved to be correct. Dec has commenced the new week notably higher.

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PCCA Cotton Market Weekly