Gujcot Trade Assocation

News & Reports

PCCA Cotton Market Weekly 20-Dec-2024

Bearish sentiment persisted in the cotton market as March futures hit a lifetime low. Stock markets were mixed following the Fed’s interest rate cut and reports of strong economic growth. How will markets respond to these unfolding events and a potential government shutdown in the week ahead? Get QuickTake’s read on the week’s events in five minutes.

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U.S. EXPORT SALES

Cleveland on Cotton 16-Dec-2024

Recent USDA Report Hints at “Hope” for Cotton

USDA’s December supply demand report confirmed the market’s slight bearish tone, as estimates for both U.S. and world ending stocks were slightly increased. As expected, prices spent most of the week trading in the 69-70 cent range – a range the market will see during much of January. However, a brief slip below 69 cents would not be surprising, just as a challenge of 72 cents can’t be ruled out. In the absence of any demand news, prices will continue to stagnate in the 69-72 cent range.

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GUJCOT WEEKLY REPORT 14-DEC-2024

Market Movement from 09th Dec 2024 to 14th Dec 2024.

• This week, we observed a neutral WASDE report and sluggish export activity. The NY March contract experienced minimal volatility, with daily closes showing very narrow fluctuations, either slightly up or down. Ultimately, the NY March contract ended the week with a loss of 84 points week-over-week (w/w).

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PCCA Cotton Market Weekly 13-Dec-2024

Cotton futures remained rangebound this week due to a lackluster WASDE report and ongoing weak demand. Inflation data has led investors to expect a 25-basis point interest rate cut at next week’s Fed meeting. With another data-heavy week ahead, how will these factors affect cotton prices? Get QuickTake’s read on the week’s events in five minutes.

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U.S. EXPORT SALES