Gujcot Trade Assocation

News & Reports

U.S. EXPORT SALES

Thompson On Cotton 28-Nov-2023

Watching Paint Dry

If you like watching paint dry or chrome rust, last week’s cotton market was the place to be. Although, after the zaniness of the past few weeks, it was somewhat welcomed. With merchants closing early on Wednesday followed by an abbreviated trading session on Friday, volume was well below average. Moving in a narrow range of only two cents over the course of the week, March futures settled at 80.99 for a small loss of fifty-two points.

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U.S. EXPORT SALES

PCCA Cotton Market Weekly

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GUJCOT WEEKLY REPORT 25-NOV-2023

Market Movement from 20th Nov 2023 to 25th Nov 2023.

• NY Mar futures traded in narrow range this week. With consecutive large sell to China it covered major loss and recorded a decrease from 81.51 on 17-Nov to 80.99 on 24-Nov, reflecting a week-over-week loss of 0.52 cents.

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Thompson on Cotton

November 20, 2023

Last week’s activity centered around spread trading as December prepares to exit the board and March becomes the official cover month. Though prices moved in a consolidated range both contracts posted triple-digit gains, erasing nearly all the previous week’s losses. December traded as high as 79.88 before settling at 78.92 for a gain of 160 points. While March traded as high as 81.87 before settling at 81.51 for a gain of 201 points.