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

01-Dec-2022

Cotton On-Call
Cotton On-Call

As on 18-Nov-2022

Cotton On-Call
Cotton On-Call

As on 25-Nov-2022

Cotton Future Close
Cotton Future Close

01-Dec-2022

News & Reports
PLEXUS Market Comments
  • So where do we go from here?

    The lack of demand is clearly a problem at the moment and as such the WASDE doesn’t reflect the right set of numbers in its balance sheet. While the supply side is now more or less known, the demand side is overstated by several million bales and will have to be adjusted lower over the coming months, which will have a bearish impact.
U.S. EXPORT SALES
  • For Week Ending 17-Nov-2022

    2022-2023
    Net Upland Sales -116,500
    Upland Shipments 143,700
    Net Pima Sales 3,300
    Pima Shipments 3,300
    TOTAL SALES -111,300

    2023-2024
    Net Upland Sales 12,300
    Net Pima Sales 00
    TOTAL 12,300
Gujcot Weekly Report
  • Market Movement from 21th Nov 2022 to 26th Nov 2022.

    • In the short week, NY futures closed limit down on opening day and recovered on very next day and again lost on last day of the trading due to near one lakh bales export sales cancellation by China. During this week NY March lost 360 points.

    • US export sales was negative. This was the worst sales week since April 9, 2020, when net sales for the week were a negative 111,944 bales due to huge cancellation of 138,000 bales. Shipment also was very low.

U.S. EXPORT SALES
  • For Week Ending 24-Nov-2022

    2022-2023
    Net Upland Sales 16,500
    Upland Shipments 1,39,500
    Net Pima Sales 1,800
    Pima Shipments 1,300
    TOTAL SALES 18,300

    2023-2024
    Net Upland Sales 11,000
    Net Pima Sales 0
    TOTAL 11,000
Thompson on Cotton: Mixed Signals
  • Nov 22, 2022

    Confronted by mixed signals both macroeconomic and fundamental, cotton prices fell sharply last week. Though trading nearly limit up mid-week, it wasn’t enough to stave off losses as December futures gave up three cents while March lost two and half cents. With repositioning from December to March futures all but complete, our focus shifts to the latter.
PLEXUS Market Comments
  • So where do we go from here?

    Considering that the US dollar dropped and the stock market rallied, cotton underperformed today, which could be sign that this impressive two-week rally might be running out of steam.
Get in touch