Gujcot Trade Assocation

News & Reports

PLEXUS Market Comments

So where do we go from here?

The lack of demand is clearly a problem at the moment and as such the WASDE doesn’t reflect the right set of numbers in its balance sheet. While the supply side is now more or less known, the demand side is overstated by several million bales and will have to be adjusted lower over the coming months, which will have a bearish impact.

Read More | Click To Download PDF

U.S. EXPORT SALES

Gujcot Weekly Report

Market Movement from 21th Nov 2022 to 26th Nov 2022.

• In the short week, NY futures closed limit down on opening day and recovered on very next day and again lost on last day of the trading due to near one lakh bales export sales cancellation by China. During this week NY March lost 360 points.

• US export sales was negative. This was the worst sales week since April 9, 2020, when net sales for the week were a negative 111,944 bales due to huge cancellation of 138,000 bales. Shipment also was very low.

Read More | Click To Download PDF

U.S. EXPORT SALES

Thompson on Cotton: Mixed Signals

Nov 22, 2022

Confronted by mixed signals both macroeconomic and fundamental, cotton prices fell sharply last week. Though trading nearly limit up mid-week, it wasn’t enough to stave off losses as December futures gave up three cents while March lost two and half cents. With repositioning from December to March futures all but complete, our focus shifts to the latter.

Read More | Click To Download PDF

PLEXUS Market Comments

So where do we go from here?

Considering that the US dollar dropped and the stock market rallied, cotton underperformed today, which could be sign that this impressive two-week rally might be running out of steam.