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

15-Apr-2024

Gujarat Cotton Pressing Summary
Gujarat Cotton Pressing Summary

As on 31-Mar-2024

ICE Cotton Weekly Changes
ICE Cotton Weekly Changes

As on 12-Apr-2024

Cotton Future Close
Cotton Future Close

12-Apr-2024

News & Reports
GUJCOT WEEKLY REPORT 13-APR-2024
  • Market Movement from 08th Apr 2024 to 13th Apr 2024.

    • There is a noticeable trend in NY cotton future market: many speculators are liquidating their long positions, driven by fear of delivery. Over the past three weeks, there's been a free fall in the market. In NY future, July is the leading month now. The increase in volume coupled with the decrease in open interest indicates that speculators are indeed liquidating their long positions. The anticipated tensions between Iran and Israel are exacerbating the situation.
PCCA Cotton Market Weekly
  • APRIL 12, 2024

    Cotton futures continued to fall during a busy, data-driven week.

    • May futures settled at 83.37 cents per pound, finishing 377 points lower for the week.

    • With May First Notice Day less than two weeks away, the July contract will start to take focus. July futures settled at 85.25 cents per pound, finishing 332 points lower for the week.
USDA-WASDE
  • Apr-2024

    COTTON: The U.S. 2023/24 cotton supply and demand projections are unchanged this month, with ending stocks forecast at 2.5 million bales or 18 percent of total disappearance. The marketing year price received by upland cotton producers is projected to average 76 cents per pound, a decrease of 1 cent from last month.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 81,500
    Upland Shipments 2,74,100
    Net Pima Sales 8,000
    Pima Shipments 15,900
    TOTAL SALES 89,500

    2024-2025
    Net Upland Sales 35,700
    Net Pima Sales 00
    TOTAL 35,700
GUJCOT WEEKLY REPORT 06-APR-2024
  • Market Movement from 01st Apr 2024 to 06th Apr 2024.

    • There was a bloodbath in the NY future, with increasing certified stocks experiencing a speculators liquidation. This long liquidation of spec positions converted continuing downward sentiment.
Gujcot Second Quarterly Rate Movement Report - 2023-24
  • • During the last quarter, in February, the New York May Futures experienced a notable upward surge, surpassing the dollar mark and closing above it. However, in March, there was a continuous downward correction trend observed in the NY May Futures until the end of the month. By the end of March, NY May closed in the range of 90 to 91.38 cents.
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