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

26-Jul-2024

Gujarat Cotton Pressing Summary
Gujarat Cotton Pressing Summary

As on 30-Jun-2024

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ICE Cotton Weekly Changes
ICE Cotton Weekly Changes

As on 26-Jul-2024

Cotton Future Close
Cotton Future Close

26-Jul-2024

News & Reports
PCCA Cotton Market Weekly 26-Jul-2024
  • December futures sank to their lowest level in over two years.

    • Price pressure came from all directions this week. A weak technical outlook, speculators retaining a near-record short position, declining outside markets, and talks of a bigger crop caused the significant sell-off. The near-term outlook is bearish, with the summer doldrums in full swing and current market conditions.
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U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales -74,200
    Upland Shipments 1,31,300
    Net Pima Sales -200
    Pima Shipments 2,300
    TOTAL SALES -74,400

    2024-2025
    Net Upland Sales 2,85,900
    Net Pima Sales 4,900
    TOTAL 2,90,800
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Shurely on Cotton 19-Jul-2024
  • Price Prospects Become Dimmer – For Now

    USDA’s July crop production and supply/demand estimates were bearish and cast a somewhat dimmer price outlook likely for the near term. Following is a summary of the major changes:

    • Exports for the 2023 crop year were lowered 200,000 bales to 11.6 million bales. This is not unexpected given the poor pace of shipments recently.
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Cleveland on Cotton 19-Jul-2024
  • Seesaw Trading Leads the Cotton Market Nowhere

    USDA’s July world supply demand report, released the prior week, made for seesaw trading all week. Prices saw 100 points higher one day, only to slide 100 points the next as the December contract ended the week nearly unchanged.
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GUJCOT WEEKLY REPORT 20-JUL-2024
  • Market Movement from 15th Jul 2024 to 20th Jul 2024.

    • At the start of the week, there was some short covering by speculators, and the market crossed 72 cents. However, lower exports and dull buying pushed back all gains, leading to December future closing with a loss of 57 points week-over-week.
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PCCA Cotton Market Weekly 19-Jul-2024
  • After trading back and forth throughout the week, cotton futures found support and made marginal gains.

    • Last Friday’s WASDE put pressure on prices, but Monday saw a triple-digit rally in futures prices. Prices fluctuated throughout the week due to speculators continuing to cover short positions and potentially favorable rainfall in Texas.
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US Weekly Export Sales Report on Thursday 01st Aug 2024 at 6 pm IST

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12
USDA - WASDE

WASDE Report on Monday 12th Aug 2024 at 9:30 pm IST.

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