JERNIGAN GLOBAL
News Letter 22-Feb-2021

1. CFR BASIS LEVELS WEAKEN AS INVERT AND ICE RALLY IMPACTS TRADE; INDIAN BASIS EXTENDS DISCOUNT

2. US CBP ISSUES DETAILS ON XINJIANG WITHHOLD ORDERS – EFFECTIVELY BANS IMPORT OF ANY XINJIANG COTTON/ TOMATO PRODUCT

3. ABARE CONFIRMS 2021 AUSSIE CROP AT 2.582 MB

4. PAKISTAN TEXTILE AND APPAREL EXPORTS CONTINUE TO EXPAND/JANUARY SHIPMENTS POST 10.79% GROWTH

5. BRAZIL’S CROP REMAINS LATE AND RAINS CONTINUE

6. CHINESE MARKET REOPENS WITH FIRMER PRICES

7. US RETAIL SALES IN JANUARY ROBUST  BUT APPAREL REMAINS WEAK

8. US WEEKLY COTTON EXPORT SALES SLOW  AS PRICES APPRECIATE

9. USDA OUTLOOK FORUM RELEASES 2021/2022 OUTLOOK

10. ICE FUTURES MOVES HIGHER AND CALLS  FOR 100 CENTS BEGIN