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

25-May-2022

Gujarat Cotton Pressing Summery
Gujarat Cotton Pressing Summery

As on 30-Apr-2022

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ICE Cotton Weekly Changes
ICE Cotton Weekly Changes

As on 20-May-2022

Cotton Future Close
Cotton Future Close

25-May-2022

News & Reports
Thompson on Cotton
  • Volatility Reigns as Macroeconomics Take Over from Fundamentals
    May 23, 2022

    Where and when will new crop prices top out? For over two years, fixated on short supplies and endless demand, traders have driven December futures to continuous new highs. The most recent was last Monday when it hit 133.79. However, it was revealed last week the demand side of this equation may be weakening.
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Shurely on Cotton
  • Has New Crop Met Its Pre-Harvest High?

    May 24, 2022

    Maybe. But it’s not 100% certain. So, maybe not. No one can say. So, make decisions and manage price risk accordingly.

    Dec futures reached a contract new high close at roughly $1.33 last week (Monday) but then lost almost 8 cents for the remainder of the week. We must understand why.
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U.S. EXPORT SALES
  • 2021-2022
    Net Upland Sales 1,11,000
    Upland Shipments 3,43,200
    Net Pima Sales 1,13,300
    Pima Shipments 10,300
    TOTAL SALES 3,53,500

    2022-2023
    Net Upland Sales 25,400
    Net Pima Sales 2,700
    TOTAL 28,100
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PLEXUS Market Comments
  • So where do we go from here?

    Today’s trading action showed that July and December might be headed in different directions. While July is dealing with a structural issue as mills are being forced to fix, new crop has different dynamics and is facing the long game, which includes a deteriorating demand outlook that hasn’t been factored into the price yet.
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Gujcot Weekly Report
  • Market Movement from 16th May 2022 to 21st May 2022.

    • This was highly volatile week in NY future. Market moved intraday 500 to 700 points daily. NY July got high of 151.95 and low of 141.13. Ultimately NY July closed with weekly loss of 293 points. Dec also closed with weekly loss of 281 points. July December inverse with minor changes remained almost unchanged.

    • Export sales was better for current year but lower for next year. Shipment still lower and lagging behind to meet the USDA target.
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PCCA Cotton Market Weekly
  • JULY AND DECEMBER FUTURES FIND SUPPORT TOWARDS THE END OF THE WEEK

    • INFLATION READINGS ARE STILL COMING IN ABOVE EXPECTATIONS
    • U.S. EXPORT SALES FINALLY SEEMED TO SLOW DOWN
    • MAY WASDE REPORT RELEASED
    • WHILE PRECIPITATION WAS HELPFUL, DROUGHT CONDITIONS STILL CONTINUE TO PREVAIL

    July futures continued to move lower last Friday and on Monday, but seemed to find support on Tuesday and were able to recoup some of the week’s losses from there. The nearby contract settled at 145.53 cents per pound on Thursday, down 323 points for the week.
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WASDE Report on Tuesday 10th Jun 2022 at 09:30 pm IST.
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