FUTURE
Cotton Futures
Contract High Low Last Change
ICE
Dec-18
Mar-18
May-19
MCX
Oct-18
Nov-18
Dec-18
Gujcot Trade Association
Latest
Gujcot Spot Rate
Gujcot Spot Rate

24-Jan-2022

Gujarat Cotton Pressing Summary
Gujarat Cotton Pressing Summary

As on 31-Dec-2021

ICE Cotton Weekly Changes
ICE Cotton Weekly Changes

As on 21-Jan-2022

Cotton Future Close
Cotton Future Close

24-Jan-2022

News & Reports
DTN Cotton Close
  • Moderately Lower on Melting Dow
    January 24, 2022

    The cotton market was off less than 0.50 cent, despite the fact the Dow Jones collapsed over 1,100 points! The bearish driver of the Dow was the potential that Russia invades Ukraine. Monday, many NATO countries are sending supplies and troops toward Ukraine as a deterrent to the Russians.
Thompson on Cotton
  • Expect New Highs, Greater Volatility

    January 24, 2022

    Cotton prices posted gains for yet another week, but not quite with the pizazz of those prior. March futures closed at 120.75 for a gain of 105 points while new crop futures settled at 98.85 for a gain of 202 points.

    Could this be the tapping of brakes in an overbought market primed for a correction? It would not be a surprise considering the torrid pace we’ve been on. Though new highs are likely, one can expect greater volatility over the coming months.
ICE Cotton Update
  • ICE Cotton slips to near 1 – week low on dollar strength, risk – off mood

    ICE cotton futures fell to a near one-week low on Monday, hurt by a stronger dollar and a sell-off in equity markets due to rising tension between Russia and the West over Ukraine.
PCCA Cotton Market Weekly
  • JANUARY 21, 2022

    MARCH FUTURES HIT HIGHEST PRICE SINCE JULY 2011
    • EXPORTABLE GOODS COMPETITIVELY PRICED
    • DEMAND REMAINS EXTREMELY ROBUST
    • MOST OF WTX/OK/KS TERRITORY IN SOME DEGREE OF DROUGHT

    Cotton futures made up for the shorter trading week with more price action. March futures traded higher three of four sessions, posting an 8.54 cent range and making a new life-of-contract high at 124.78 cents per pound, which also happens to be the highest price since July of 2011.
Gujcot Weekly Report
  • Market Movement from 17th Jan 2022 to 22nd Jan 2022.

    • Another week of huge volatility on NY cotton future market.

    • NY March posted contract high and decade high to 124.75 intraday on Wednesday. Indian agency has reduced Indian crop size which also was taken positive by NY future market. Technically now new top so, some short covering; some mill fixation has triggered new high. Thursday and Friday there was correction due to profit booking.
PLEXUS Market Comments
  • So where do we go from here?

    Today’s on-call report is worrisome, since it showed that very little progress has been made with March fixations. This will most likely lead to further price spikes due to sell-side illiquidity, as trade shorts (mill fixations) still have to cover over four million bales in a matter of just 3-4 weeks.
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