Jernigan Global Weekly 01-Mar-2021
Posted : May 10, 2021

JERNIGAN GLOBAL
News Letter 01-Mar-2021

1. RECORD BASIS DISCOUNT MOVES LARGE BLOCK OF INDIAN COTTON INTO TRADE HANDS

2. XINJIANG BANS: CONCERNS EXPAND COTTON USE OUTSIDE CHINA

3. GLOBAL PETROCHEMICAL MARKETS SURGE PUSHING POLYESTER PRICES SHARPLY HIGHER

4. AUSTRALIA REPORTS SCATTERED SHOWERS AS FOB BASIS COMES UNDER PRESSURE

5. US COTTON ACREAGE COULD EXCEED 13 MILLION ACRES

6. BRAZIL’S COTTON CROP PLANTED – FORWARD SALES INCREASE

7. MEXICAN OLD CROP STOCKS OFFERED AT ATTRACTIVE BASIS LEVELS

8. ICE FUTURES MOVE SHARPLY HIGHER BEFORE COLLAPSING AS CFR BASIS LEVELS WEAKEN

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