Market Reports
China Cotton Auction FINAL
  • 12-March-2018 To 30-Sept-2018

    METRIC TONNES
    Reserve Stock End Of 2017 5,256,286
    Cumulative Sales 2,510,279
    Remaining Stock 2,746,007

    BALES
    Reserve Stock End Of 2017 24,142,123
    Cumulative Sales 11,529,712
    Remaining Stock 2,612,411
Historical Revisions to Indian's Cotton Balance Sheet - USDA
  • Historical Revisions to Indian's Cotton Balance Sheet - USDA

    Historical revisions have been made to India’s balance sheet for the years 2002/03 through 2013/14, with the stock adjustment carried forward. The revisions are based on the conclusion that market yard arrivals data underreported arrivals in the early portion of the harvest season. This conclusion was based on observed market activity in November for several years.
Brazil: More cotton acreage is being planted
  • Shifting Corn Acres to Cotton

    While corn remains the major safrinha crop for Brazilian farmers, more cotton acreage is being planted in Mato Grosso this spring, as well.

    Over the past two years, cotton planting has increased by nearly one-third for the safrinha in Mato Grosso. The Brazilian Association of Cotton Producers(Abrapa) forecast cotton acreage to grow to 1.4 million hectares (3.46 million acres). Mato Grosso accounts for about 88% of Brazil’s cotton production.
DTN Cotton Close 06-Aug-2021
  • Market Flirts With 92 Cents

    The cotton market nearly traded the 92-cent level as it posted another round of new contract highs. The market is being driven by a sturdy bullish trend and hopes global demand will improve. There are fears rising from the COVID-19 delta variant may cause economic disruptions, but as the world becomes more vaccinated, the global economy should improve.
Cotton Indices and Spot Rate As on 04-Aug-2021
  • Brazil Cotton Index 97.54 +0.15%

    Cotlook A Index 98.40 +0.25

    US Upland Spot Rate 86.61 +0.42

    MCX Spot Rate 27,320

    China Cotton Index
    As on 05-Aug-2021

    CC Index 328 17513 -2
    CC Index 527 16531 +1
    CC Index 229 17920 -1
Exchange Stock Position
  • MCX Cotton As on 18-Feb-2021

    Total Utilized Capacity =2,11,825 Bales
    Eligible for Exchange Delivery = 1,76,775
    Quantity in Process = 31,275
    Rejected Stocks = 3,775 Bales

    NCDEX KHAL As on 18-Feb-2021

    Cotton Seed Oil Cake Stock
    Unencumbered = 76,804 MT
    Pledged = 7,487 MT
    QTY in Process = 715 MT
USDA Prospective Plantings
  • USDA Planting Intention

    US All cotton planted area for 2019 is estimated at 13.8 million acres, 2 percent below last year.

    Upland area is estimated at 13.5 million acres, down 2 percent from 2018.

    American Pima area is estimated at 255,000 acres, up 2 percent from 2018.
Indian Raw Cotton Export-Import 2018-19
  • INDIAN COTTON EXPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    6,63,386 Tones
    39,02,271 Bales of 170 Kg

    INDIAN COTTON IMPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    1,01,072 Tones
    5,94,541 Bales of 170 Kg

China Cotton Auction
  • From May 5 to Sep 27, the cumulative turnover of reserve cotton was 979,100 tons, and the turnover rate was 85.94%.
USDA -World Markets and Trade
  • China cotton imports in 2019/20 are expected to surpass the previous year’s robust level, reinforcing its position
    as the world’s largest importer. The current 2018/19 estimate, boosted this month, is expected to be the largest in 5 years as China supplements domestic supplies amid ongoing auctions of State Reserve stocks. Despite this strong upward trend in imports, U.S. exports to China have weakened as Brazil, Australia, and other countries have expanded both exports and market share.
India's Cotton Textiles Export Update for FY (April – June) 2019-20
  • India’s Cotton Textiles Exports

    Cotton Textile exports reached a level of USD 739.17 million in June 2019 marking a decline of (-) 30.4 per cent against the corresponding month of June 2018, wherein exports were valued at USD 1,061.96 million.

    In rupee terms, exports during the month of June 2019 reached a level of Rs. 5,132.72 cr. as against Rs. 7,199.39 Cr. in June 2018 marking a decline of (-) 28.7 per cent in rupee terms.
USDA - Cotton and Wool Outlook
  • Cotton and Wool Outlook

    U.S. Cotton Product Trade Increasing in 2019

    The latest U.S. Department of Agriculture (USDA) estimates indicate that total U.S. cotton textile and apparel trade rose during the first half of 2019, compared with the corresponding 2018 period. U.S. cotton product imports totaled the equivalent of 9.0 million 480-pound bales of raw cotton during January-June 2019—compared with 8.8 million bales for the first 6 months of 2018—while cotton product exports declined slightly to 1.7 million bale-equivalents.
INDIA Cotton and Products Update
  • Highlights

    Post estimates marketing year (MY) 2019/20 cotton production at 29 million 480 lb. bales (37.1 million 170-kilogram bales/6.3 MMT) with a planting area of 12.7 million hectares. MY 2019/20 mill consumption remains weak as mills accumulate greater cotton yarn stocks due to poor demand. Export prospects have diminished while imports are expected to remain stable as they are price competitive against domestic supplies.
US Export Sales Summary
  • 01-Aug-2019 To 22-Aug-2019

    2019-2020

    COMMITMENTS
    PIMA 1,53,645
    UPLAND 80,84,753
    TOTAL 82,38,398

    SHIPMENTS
    PIMA 29,297
    UPLAND 8,61,924
    TOTAL 8,91,221

    2020-2021 SALES

    UPLAND 4,63,124
ICAC - Executive Summary Dec-2019
  • Highlights from the Inaugural Session of the 78th Plenary Meeting:

    Consumers today are increasingly demanding information on the origin and history of the products they buy, putting pressure on retailers to provide transparency

    Multiple technologies have the potential to provide that traceability, including blockchain and a host of products from private companies
ICE Cotton Update 11-Aug-2021
  • Cotton rally cools as traders strap in for WASDE

    ICE cotton futures on Wednesday let up from contract highs as investors positioned themselves a day ahead of a key federal monthly supply and demand report.
Cotton Inc. Executive Cotton Update - February 2020
  • Executive Cotton Update - February 2020

    Macroeconomic Overview:  The Bureau of Economic Analysis estimates that the U.S. economy grew 2.3% in 2019.  Forecasts suggest that growth could slow a little in 2020, with many projections falling between 1.9% and 2.1%.  For comparison, in 2018, growth was 2.9% and in 2017 growth was 2.4%.    

NCC survey
  • U.S. producers will plant 13 million acres in 2020

    U.S. cotton producers intend to plant 13 million cotton acres this spring, down 5.5% from 2019 (based on the U.S. Department of Agriculture’s February 2020 estimate), according to the National Cotton Council’s 39th Annual Early Season Planting Intentions Survey.

Cotton Inc. Monthly Economic Letter August-2020
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    Movement in benchmark prices was mixed over the past month.

    The NY December futures contract moved lower (to below 60 cents/lb in late July) and then higher (near 65 cents/lb in early August) over the past month. Current values (63 cents/lb) are nearly even with those from one month ago.

ICAC - Cotton This Month
  • Changes in Supply and Demand Estimates (from 17 August 2020)

    Limited Cotton Recovery within Pandemic: Production and Stock Levels High, Slow Consumption Growth  

    Even as the most stringent containment measures begin to be lifted, the opportunity for economic recovery may not relieve current market uncertainty. Countries vary in their ability to flatten the contagion curve and the fiscal space to mitigate the pandemic associated recession.
Cotton Inc. Monthly Economic Letter November-2020
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    All international benchmark prices increased over the past month.

    The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October.  More recently, prices eased back to 70 cents/lb.
    Cotlook’s A Index rose from 73 to 76 cents/lb over the past month.
MSP Procurement 23-Mar-2021
  • Procurement operations of seed cotton (Kapas) under MSP are going on smoothly in the States of Punjab, Haryana, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Telangana, Andhra Pradesh, Odisha and Karnataka. Till 23.03.2021 a quantity of 91,86,803 cotton bales valuing Rs.26,719.51 Crore has been procured benefitting 18,86,498 farmers.
ICAC Executive Summary
  • Lower Production Expected to Ease Pressure on Prices in 2020/21

    Highlights from the December 2020 Cotton This Month include

    *The global production estimate has been lowered to 24.7 million tonnes for 2020/21

    *The global consumption estimate remains steady ay 24.3 million tonnes

    *Global trade is expected to climb to 9.4 million tonnes

Monthly Rate Movement Report – Jan 2021
  • Monthly Rate Movement Report – Jan 2021

    • Daily Physical Spot Rate

    • MCX Cotton Daily Closing Rate

    • USD-INR Exchange Rate Closing

    • Cotlook Index

    • ICE Future Closing

    • NCDEX Kapas Rate

    • MCX Future Closing

    • NCDEX and MCX converted into Rs. Candy Rate
ICAC - Cotton Update
  • 15th Mar 2021

    Major changes (larger than 40,000 tonnes)

    Australia 2020/21: production 562,000 tonnes (+56,000 tonnes)

    Brazil 2020/21: production 2.5 million tonnes (-128,600 tonnes)

    2020/21: exports 1.74 million tonnes (+79,000 tonnes)
SECOND QUARTERLY RATE MOVEMENT 2020-21
  • SECOND QUARTERLY RATE MOVEMENT 2020-21

    • Daily Physical Spot Rate

    • MCX Cotton Daily Closing Rate

    • USD-INR Exchange Rate Closing

    • Cotlook Index

    • ICE Future Closing

    • NCDEX Kapas Rate

    • MCX Future Closing

    • NCDEX and MCX converted into Rs. Candy Rate
ICAC - Cotton This Month
  • Production, Consumption and Trade are Expected to Increase in 2021/22

    For the current season, the global production estimate for 2020/21 has been reduced to 24.3 million tonnes this month with smaller crop estimates expected for India, Brazil, and the United States. For India, the latest meeting of the Committee on Cotton Production and Consumption (COCPC) reported production for 2020/21 at 6.12 million tonnes. With the country under crisis from a second wave of COVID-19, mill-use has been revised down to 5.15 million tonnes.
Cleveland On Cotton
  • Market Mostly Recovered from Commodity Shakeup

    June 18, 2021

    A mighty sledgehammer came down and struck the agricultural markets this week. Cotton, losing nearly 400 points at one time, performed significantly better than the oilseed and grain markets. Cotton reclaimed much of its loss by the week’s end as the new crop December contract returned to mid-85 cent level. Thus, the technical objective of an 88-93 cent trading range is back in vogue.
USDA - WASDE
  • July-2021

    The U.S. 2021/22 cotton projections show higher production, exports, and ending stocks compared with last month. While the June 30 Acreage report shows 300,000 fewer planted acres for U.S. cotton than NASS’s previous survey, a rainfall-driven reduction in projected Texas abandonment means U.S. harvested area is projected 9 percent higher. While 2021/22 production is 800,000 bales higher, consumption is unchanged, and exports and ending stocks are each projected 400,000 bales higher.
Shurley on Cotton
  • Market’s Path Clearer But Still Uncertain

    July 13, 2021

    Prices continue to show strength. New crop December futures closed today at 88.16 cents—the highest in a month and topping 88 cents for the third time near the contract high.

    Cotton’s path seems on more solid footing in recent weeks. Given the present fundamentals, the market has clearly established a current objective top at near 90 cents. It looks like there’s currently plenty of support at 84.
Rose on Cotton
  • COTTON MARKET POSTS SIGNIFICANT GAINS, POST JULY WASDE RELEASE

    Jul 18, 2021

    The ICE Dec cotton contract gained 222 points on the week to finish at 89.93, with the Dec – Mar inversion strengthened at 63. Dec made two serious runs at the 90.00 level during late-week trading. Last weekend, our proprietary model (timely results provided in our complete weekly report) predicted a finish that would be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct.
Thompson On Cotton
  • Fundamentals Large and in Charge

    July 19, 2021

    Short of being caught on the dark side of the moon, it was difficult to miss last week’s market excitement. December cotton futures rallied for over a two-cent gain on the week. Of course, this was no major feat as it has been equaled many times before. However, it was a milestone because it broke long-standing resistance at 89 cents setting both a contract record close and intraday settlement high of 89.93 and 89.95, respectively.
U.S. EXPORT SALES
  • For Week Ending 15-07-2021

    2020-2021
    Net Upland Sales 40,100
    Upland Shipments 2,46,100
    Net Pima Sales 3,400
    Pima Shipments 10,400
    TOTAL SALES 43,500

    2021-2022
    Net Upland Sales 2,51,900
    Net Pima Sales 900
    TOTAL 2,52,800
Plexus Market Comments 22 July
  • So where do we go from here?

    This week has shown that the market has a lot of underlying support, as Monday’s wash-out was met by ready trade buying. The massive amount of unfixed on-call sales, a strong Chinese market, inflation expectations and still uncertain crop outcomes are discouraging potential short selling.
PCCA Cotton Market Weekly
  • JULY 23, 2021

    DECEMBER FUTURES EXTREMELY VOLATILE THIS WEEK

    • December Futures Hit Life-of-Contract High at 90.59 cents
    • Treasury Notes Continue to Weaken
    • Next Marketing Year Sales Pick Up Steam
    • 60% of U.S. Crop Now “Good” or “Excellent”
Jernigan Global Weekly 26-Jul-2021
  • 1. IS THE AGE OF CONSPICUOUS CONSUMPTION ENDING? ASSET LIGHT MODEL/CHEAP FASHION COST BEGIN TO BE FELT

    2. CHINA HIT BY MORE HEAVY RAIN & HEAT

    3. CHINA ON TRACK TO IMPORT NEAR TWO MMT OF COTTON YARN IN 2021

    4. PAKISTAN A MAJOR BUYER OF US COTTON THROUGH 2022/2023

    5. PAKISTAN TEXTILE EXPORTS SURGE IN JUNE REACHING 1.660 BILLION USD
Cleveland On Cotton
  • 85-90 Floor Is Hard

    July 27, 2021

    December cotton flirted and teased 90 cents all week and the nearby October contract did settle above 90 cents. Demand continues to be the big engine pulling prices higher. Mill demand is strong across the board; China, Vietnam (limited Chinese coronavirus issues), Turkey, India, and across Southeast Asia. Consumer demand is especially strong in the big markets of the U.S. and Western Europe, and actually around the world.
Thompson On Cotton
  • Fundamentals Continue to Gain Strength

    July 27, 2021

    Strike up the band! After months of knocking on the door, the market finally broached 90 cents trading as high as 90.59 before falling back to close the week at 89.66. Nonetheless, the week was not without some nervous moments.

    December futures traded in a wide 424-point range including a significant selloff of 322 points on Monday to a low of 86.35. Impressive, however, was the way it rebounded finishing the week strong.
U.S. EXPORT SALES
  • For Week Ending 22-07-2021

    2020-2021
    Net Upland Sales -1,200
    Upland Shipments 2,38,300
    Net Pima Sales 4,200
    Pima Shipments 9,300
    TOTAL SALES 3,000

    2021-2022
    Net Upland Sales 1,92,200
    Net Pima Sales 200
    TOTAL 1,92,400
Plexus Market Comments 29 July
  • So where do we go from here?

    Speculators continue to throw money at the long side, but scale-up trade selling is keeping the advance in check so far. As long as crops around the globe continue to perform well, it will be difficult to generate much upside momentum.
Cleveland On Cotton
  • Uncertainty Weakens Prices, Demand Remains Bullish

    July 30, 2021

    Cotton prices surged higher on the week climbing to an even 91 cents before succumbing to Friday’s selloff across all markets: financials, commodities, and equities. Weekly export sales were weak, and the outside markets suffered at week’s end. Nevertheless, the market showed strength between 90 and 91 cents as textile mills were forced to come to the board and fix prices.
Shurley on Cotton
  • Maybe Not Red, but Possible Caution Flags Ahead

    July 30, 2021

    A positive spin on things first. This appears to be shaping up as one of those rare and blessed years where most producers will enjoy both a good crop and a good price. It doesn’t happen often.
    Prices (new crop Dec futures) have moved to the 87 to 88 cents area 4 times since the beginning of 2021. This most recent move has now carried us to new highs at better than 90 cents.
PCCA Cotton Market Weekly
  • JULY 30, 2021

    MUCH OF COTTON BELT NEEDS MORE RAIN AND HEAT

    • Fed Announced Interest Rates Will Remain Unchanged
    • Sunday, August 1 Marks Start of New Marketing Year
    • More Rain and Heat Needed
    • August WASDE on the Horizon
Gujcot Weekly Report
  • Market Movement from 26th Jul 2021 to 31st Jul 2021

    • Market remained steady during the week but NY December contract first time crossed 91 Cents barrier in intraday trading. Although NY December closed with some minor weekly loss, technically picture looks sound.

    • U.S. Export Sales for current year was almost nil. Now only one week remained for current year. Shipment was 2,47,000 Bales.
Jernigan Global Weekly 01-Aug-2021
  • 1. CHINA: HENAN FLOODING IMPACTS TEXTILE AND APPAREL SECTOR AND COTTON STORAGE WAREHOUSES

    2. HEAT WAVE OVER NORTHERN XINJIANG EXPECTED THROUGH AUGUST 6

    3. XINJIANG EXPORTS TO EUROPE INCREASED DESPITE HUMAN RIGHT ISSUES

    4. APPAREL SOURCING IN ETHIOPIA IMPACTED AS UNREST CLOSES DJIBOUTI RAILWAY

    5. AUSTRALIAN 2022 CROP BASIS FALLS TO EXTREME DISCOUNT
Thompson On Cotton
  • Back to 2018 Levels, Can We Go Higher?

    August 2, 2021

    As you recall, we said December futures needed a close above 90 cents to further ignite this advance. Last week, it did just that trading as high as 91 cents while hitting a settlement high of 90.56. Even though Friday brought a slight selloff, consider this healthy and in keeping with the orderly trading fashion this market has followed for months.
Rose on Cotton
  • DEC COTTON POSTS SECOND CONSECUTIVE 27-POINT WEEKLY SETBACK

    Aug 02, 2021

    The ICE Dec cotton contract gave back another 27 points last week to finish at 89.39, with the Dec – Mar spread inversion weakening modestly at 32. Dec managed to settle above the 90.00 level multiple times last week but finish the week above the mark. Last weekend, our proprietary model (timely results provided in our complete weekly report) predicted a finish that would be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct.
U.S. EXPORT SALES
  • For Week Ending 29-07-2021

    2020-2021
    Net Upland Sales 17,200
    Upland Shipments 2,29,500
    Net Pima Sales 2,500
    Pima Shipments 8,700
    TOTAL SALES 19,700

    2021-2022
    Net Upland Sales 1,49,300
    Net Pima Sales 9,100
    TOTAL 1,58,400
Plexus Market Comments 05 August
  • So where do we go from here?

    The chart still looks constructive and spec longs have no reason to exit positions, while trade shorts are getting a bit more nervous as we head into the peak hurricane season.

    Therefore, as long as the outcome of the major Northern Hemisphere crops remains in limbo, the market should remain well supported, with the possibility to spike higher in case something were to go wrong on the weather front.
Cleveland On Cotton
  • Cleveland on Cotton: Lagging Exports Not a Sign of Weak Demand

    August 6, 2021

    The cotton market has now bulled through 90 and 91 cents and set the stage for a challenge of 93 cents. However, that barrier most likely will not fall until the September world supply demand report is released with USDA’s first objective crop estimate. Granted, Mother Nature can continue with her efforts to further trip-up this crop.
PCCA Cotton Market Weekly
  • August 6, 2021

    Futures Gain 37 Points From Last Week

    • Stock Market Activity Fairly Two-Sided This Week
    • Crop Behind in Many Parts of Cotton Belt
    • August WASDE Report Coming Next Week
Cotton Indices and Spot Rate As on 10-Aug-2020
  • MCX Spot Rate 27,200Cotton indices and Spot Rate
    As on 10-Aug-2021

    Brazil Cotton Index 98.59 +0.85%

    Cotlook A Index 99.55 -0.75

    US Upland Spot Rate 88.63 +1.44

    MCX Spot Rate 26,880

    China Cotton Index
    As on 11-Aug-2021

    CC Index 328: 17830 +112
    CC Index 527: 16678 +70
    CC Index 229: 18193 +94
Jernigan Global Weekly 09-Aug-2021
  • 1. 2021/2022 COTLOOK A INDEX BEGINS SEASON WITHOUT BRAZIL QUOTE FIRST TIME IN MORE THAN FOUR YEARS

    2. CHINA’S EMBARGO OF AUSTRALIAN COTTON COSTING HIGH COUNT SPINNERS MILLIONS

    3. IMPORTANT VIETNAM TEXTILE AND APPAREL SUPPLY CHAIN IMPACTED BY COVID

    4. LOGISTICS CONTINUES TO INHIBIT US COTTON EXPORTS

    5. DELTA VARIANT STRAIN OF COVID HITS CHINA
Rose on Cotton
  • ROSE ON COTTON – DEC COTTON FINISHES SIGNIFICANTLY HIGHER AHEAD OF AUG WASDE RELEASE

    Aug 08, 2021

    The ICE Dec cotton contract gained 231 points on the week to finish at 91.70, with the Dec – Mar inversion strengthening modestly to 37. The market closed an overhead gap on the continuation chart last week. Last weekend, our proprietary model (timely results provided in our complete weekly report) predicted a finish that would be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct.
DTN Cotton Close 10-Aug-2021
  • Market Holds Higher Gains

    The cotton market closed sharply higher Tuesday, as traders are awaiting Thursday’s WASDE, while also watching the tropical event down in the Gulf of Mexico. For the report, traders are anticipating a higher yielding crop from USDA. Texas is enjoying one of its highest good-to-excellent ratings in years. In fact, the nation’s crop is rated 18% above the ten-year average. Global exports are expected to slightly rise.
Thompson On Cotton
  • Strengthening Demand Ahead of USDA Numbers

    August 9, 2021

    As prices fell below 90 cents following the previous Friday’s correction, we began last week uncertain as to the direction the market would take. Rather than

    see this extended, our hope was traders would steady themselves while awaiting USDA supply/demand numbers.
DTN Cotton Close 11-Aug-2021
  • Lower on Report Squaring

    The cotton market was triple digits lower Wednesday as traders adjusted their positions for Thursday USDA reports. The first release will be the weekly export sales, followed by USDA’s WASDE..
U.S. EXPORT SALES
  • For Week Ending 05-08-2021
    `
    2020-2021
    Net Upland Sales 17,200
    Upland Shipments 2,29,500
    Net Pima Sales 2,500
    Pima Shipments 8,700
    TOTAL SALES 19,700

    2021-2022
    Net Upland Sales 1,49,300
    Net Pima Sales 9,100
    TOTAL 1,58,400
USDA - WASDE
  • Aug-021

    In this month’s 2021/22 U.S. cotton projections, beginning stocks are slightly larger, and a 536,000-bale decrease in production results in lower exports and ending stocks. Beginning stocks are larger as estimated exports for 2020/21 are reduced 50,000 bales based on final Export Sales data and Census Bureau data through June. NASS’s first survey-based estimate of production for 2021/22 is 17.3 million bales.
DTN Cotton Close 12-Aug-2021
  • Sharply Higher on USDA Data

    The cotton market was sharply higher Thursday as traders were not expecting USDA’s reduction in its August crop update. Last month’s cotton crop was pegged at 17.80 mb, while expectations for day’s report centered on 18.38 million bales. The actual number was 17.26 million, a 540,000-bale cut.
Plexus Market Comments 12 August
  • So where do we go from here?

    The market continues to push higher on speculative buying and now possibly some upside protection buying by trade shorts as well.

    Unfixed on-call sales continued to rise and were at 14.23 million bales last week, or nearly ten million bales higher than unfixed purchases. This continues to add fuel to an already fiery market!
PCCA Cotton Market Weekly
  • Aug 13, 2021

    DECEMBER FUTURES FINISH WEEK AT 94.32 CENTS PER POUND

    • Stock Markets Form Fresh All-Time Highs
    • Incoming Marketing Year Starts Out with a Bang
    • USDA Lowers U.S. Production Estimate
    • Tropical Weather Grows More Active

    Read Full Report in PDF
ICE Cotton Update 14-Aug-2021
  • ICE Cotton forges ahead, set for best week in over 2 months on WASDE boost

    ICE cotton futures on Friday moved to a contract high on momentum from the U.S. Department of Agriculture (USDA) cutting its production estimates, which put prices on track for their best week since early June.
Jernigan Global Weekly 16-Aug-2021

  • 1. CHINA FATIGUE – ARE SOURCING PATTERNS CHANGING FOREVER?

    2. US CROP IS LATE - HOW WILL THE US MEET EXPORT SHIPMENT TARGETS?

    3. DEC 2022 ICE DISCOUNT TO MAY/JULY BIG PROBLEM FOR 2022 AUSTRALIAN CROP

    4. US MAKES FIRST LARGE SALE TO CHINA FOR 2021/2022 SHIPMENT

    5. HAS THE USDA UNDERESTIMATED THE US CROP AT 17.264 MB?
Rose on Cotton
  • ROSE ON COTTON – DEC COTTON MAKES NEW CONTRACT HIGHS ON UNEXPECTED WASDE REVISIONS

    Aug 14, 2021

    The ICE Dec cotton contract gained 262 points on the week to finish at 94.32, with the Dec – Mar spread inversion strengthened to 113. We did not recommend trading any bias for the week due to the Aug WASDE release on Thursday.Futures moved higher on the week on unexpectedly strong US export sales data and on much tighter than anticipated balance sheets within the Aug WASDE report.

    Read Full Report in PDF
Cleveland On Cotton
  • Demand Driven Bulls Trample Over 93 Cent Resistance

    August 14, 2021

    Many thought USDA’s August estimate of the U.S. crop might be a scene from a “wild wild west shoot-‘em-up,” but everyone was bowled over, nonetheless. So much for the market not pushing above 93 cents until the September supply demand report! USDA’s August estimate was what I had expected the September report to look like. Kudos to USDA for biting the bullet.

    Read Full Report in PDF
DTN Cotton Close 16-Aug-2021
  • Markets Finish Mixed

    August 16, 2021

    The cotton market traded up, down, and all around on Monday, before eventually finishing slightly lower. Traders had one eye on Tropical Storm Fred, and the other on the tragic situation unfolding in Afghanistan.

    To the former, Fred is intensifying as it prepares to make landfall in the Florida Panhandle and scoot up into Alabama. However, a fair portion of its rains will fall over the Georgia crop as well.
ICE Cotton Update 16-Aug-2021
  • Cotton gains as traders weigh tropical storm’s supply impact

    ICE cotton futures were close to their contract highs on Monday as traders assessed the impact on supply from Tropical Strom Fred that is predicted to bring rain to some key-cotton growing regions.
DTN Cotton Close 17-Aug-2021
  • Market Spikes Higher, Then Retreats

    August 17, 2021

    The overnight hurdling of the Trump tariff high of 94.82 cents sparked additional speculative buying Tuesday. Moreover, fixation buying was done by certain textile mills as well. The end result was December cotton traded at 96.71 cents, a near nine-year high. However, by session’s end, the ICE futures had coughed up a sizable portion of their earlier gains.

Cotton Indices and Spot Rate As on 17-Aug-2020
  • Brazil Cotton Index 100.05 +1.51%

    Cotlook A Index 102.75 unch

    US Upland Spot Rate 91.81 +0.85

    MCX Spot Rate 27,160

    China Cotton Index
    As on 18-Aug-2021

    CC Index 328: 18542 +138
    CC Index 527: 17498 +120
    CC Index 229: 18831 +146
DTN Cotton Close 18-Aug-2021
  • Market Edges Lower

    August 18, 2021

    The cotton market settled mixed Wednesday, with December slightly lower, but the deferred contracts somewhat higher. However, there was a wide, 2-cent range for the December contract. Traders are trying to place Tuesday’s nine-year-high rally into some sort of market perspective. That is, the basic fundamentals of supply-demand are such the market could easily top or renew the upside.
ICE Cotton Update 19-Aug-2021
  • Cotton steady as traders gauge crop conditions

    ICE cotton futures steadied on Wednesday after soaring to a more than seven-year peak in the previous session, as traders reassessed crop conditions in the wake of a storm that brought rain to some key cotton-growing regions.
U.S. EXPORT SALES
  • U.S. EXPORT SALES
    For Weekending 12-Aug-2021

    2021-2022
    Net Upland Sales 2,42,400
    Upland Shipments 2,21,100
    Net Pima Sales 10,600
    Pima Shipments 3,700
    TOTAL SALES 2,53,000

    2022-2023
    Net Upland Sales 59,500
    Net Pima Sales 0
    TOTAL 59,500
DTN Cotton Close 19-Aug-2021
  • Lower on Rate Fears
    August 19, 2021

    The cotton market finished sharply lower Thursday as traders took to heart the Federal Reserve’s minutes, revealing its intention of initiating their tapering process in the fourth quarter this year. Beyond cotton, the grains, metals, energies, and other financial markets declined as well.
ICE Cotton Update 19-Aug-2021
  • Cotton steady as traders gauge crop conditions

    ICE cotton futures steadied on Wednesday after soaring to a more than seven-year peak in the previous session, as traders reassessed crop conditions in the wake of a storm that brought rain to some key cotton-growing regions.
Plexus Market Comments 19 August 2021
  • So where do we go from here?

    It looks like we are headed for another showdown between spec longs and trade shorts, as their respective positions have been growing to sizeable levels.

    The question is whether the outcome is going to be similar to 2011 or 2018? Ten years ago lower than expected Chinese stocks and spec buying fueled a historic short-covering rally. In 2018 we saw speculators bail from a 12.2 million bales net long position, which let the large trade short of around 20 million bales off the hook.
DTN Cotton Close 20-Aug-2021
  • Market Revives Slightly Higher
    August 20, 2021

    The cotton market ended a bit higher as outside selling pressure, so prevalent on Thursday, abated Friday. Specifically, the dollar was a shade lower, while the Dow Jones was moderately higher. Cotton had become slightly oversold, having tumbled from Tuesday’s high of 96.71 cents to Friday’s low of 91.80 cents. Thus, heading into the weekend, there was a certain amount of position squaring done by traders.
Cleveland On Cotton
  • Market Bulls Still Have Horns

    August 20, 2021

    The market is screaming, I’m hungry. Feed me! It’s the time of year when we typically write about the Dog Days of Summer, mid-August, blistering hot, muggy, and simply uncomfortable, day after day. Cotton, loving that kind of weather, is adding weight to its heavy fruit load and the market can’t decide in which direction to move, but it is typically reluctant to move higher. Oh! Also, prices seem to be in the 70’s.

    Read Full Report in PDF
PCCA Cotton Market Weekly
  • Aug 20, 2021

    DECEMBER FUTURES HIT HIGHEST PRICE SINCE MARCH 2014

    • Market Jitters About Delta Variant Impact on Economy
    • U.S. Export Commitments Increase
    • Texas Crop Needs Heat
    • Traders Watch for South Texas Classing Reports

    Read Full Report in PDF
Jernigan Global Weekly 23-Aug-2021
  • 1. DEMAND CONCERNS SPREAD; HAS TOO MUCH DEMAND BEEN PULLED FORWARD? IS AN INVENTORY RECESSION POSSIBLE?

    2. CHINA’S XINJIANG CROP EXPERIENCES HEAVY RAINS, WIND, AND HAIL JUST AS BOLLS OPEN

    3. COTTON PREMIUM TO POLYESTER AND VISCOSE IN CHINA SURGES TO LEVELS WHERE MARKET SHARE IS IMPACTED
Rose on Cotton
  • COTTON MARKET FINISHES WEEK LOWER AFTER SERIOUSLY CHALLENGING OVERHEAD RESISTANCE
    Aug 22, 2021

    The ICE Dec cotton contract gave back 122 points on the week to finish at 93.10, with the Dec – Mar spread inversion weakened at 84. Although our models predicted a higher finish on the week, we ultimately recommended a short position.

    Futures were lower on the week on weakening US export sales data, a 1% strengthening in US currency, spec profit-taking, producer selling, and the market’s overbought condition.
DTN Cotton Close 23-Aug-2021
  • Market Stays Aloft on Small Volume
    August 23, 2021

    Taking its cue from a falling U.S. dollar and a surging Dow Jones, cotton managed to eke out a slightly higher close Monday. Volume however was a mild 20,000 contracts. The market was also helped along by very positive data from the CFTC. Its report indicated that managed-money funds have surpassed their February peak as far as contracts owned.
Thompson On Cotton
  • A Host of Uncertainties Creeping into Market

    August 23, 2021

    Despite an improving U.S. crop, a host of uncertainties are beginning to creep into the market. Cotton prices, technically still in an uptrend, are trading in wild swings fearful of these uncertainties. The high-low spread last week was almost five cents from a nine year high of 96.71 to a low of 91.80. Fortunately, it recovered slightly settling at 93.10 on Friday for a loss of 122 points on the week.
ICE Cotton Update 23-Aug-2021
  • ICE Cotton Update

    Cotton edges up on wider commodities rally, dollar dip

    ICE cotton futures inched up on Monday, lifted by a dip in the dollar and tracking a rebound across broader commodity and financial markets.

    Cotton contracts for December were up 0.22 cent, or 0.2%, to 93.32 cents per lb, by 12:15 p.m. EDT (1815 GMT). Prices on Friday hit their lowest levels since Aug. 12.
DTN Cotton Close 24-Aug-2021
  • Market Sloughs Off Superior Ratings
    August 24, 2021

    The cotton market finished higher Tuesday despite USDA’s glowing rating of the crop’s condition from Monday afternoon. Currently, USDA has the 2021 crop pegged at 71% good to excellent, which rivals its modern-day record of 75% good to excellent set back in 1987. In addition, there were strong rallies Tuesday in the grains, energies, metals and equities.
ICE Cotton Update 24-Aug-2021
  • Cotton futures soften on better crop conditions

    ICE cotton futures weakened on Tuesday, after a federal weekly report indicated improvement in crop conditions, boosting concerns of increased supplies in a tight market.

    Cotton contracts for December fell 0.09 cent, or 0.1%, to 93.27 cents per lb, by 11:49 a.m. EDT (1549 GMT). Earlier, the contract dropped as much as 1.6% to 91.91 cents per lb.
DTN Cotton Close 26-Aug-2021
  • Market Ends Higher, Eyes Disturbance
    August 25, 2021

    The cotton market ended Wednesday slightly higher, as it anticipates Thursday’s export sales and the possible formation of a tropical disturbance, now lurking in the lower Caribbean. Some tracking paths have that storm moving towards the coast of Texas, putting the Rio Grande crop at risk. Growers there hold memories of Hurricane Harvey from 2017. That event really devastated that early Texas Valley Crop.
ICE Cotton Update 25-Aug-2021
  • ICE cotton futures extend climb

    ICE cotton futures firmed on Wednesday, rising for a fourth straight session, on concerns about a potential hit to upcoming harvests from an Atlantic storm projected to strike the US Gulf coast.

    Cotton contracts for December rose 0.57 cent, or 0.6%, to 94.75 cents per lb, by 12:15 p.m. EDT (1615 GMT).
U.S. EXPORT SALES
  • For Week Ending 19-08-2021

    2020-2021
    Net Upland Sales 2,45,100
    Upland Shipments 2,01,700
    Net Pima Sales 14,300
    Pima Shipments 8,000
    TOTAL SALES 2,59,400

    2021-2022
    Net Upland Sales 67,900
    Net Pima Sales 0
    TOTAL 67,900
ICE Cotton Update 27-Aug-2021
  • ICE cotton dips for first time this week as dollar gains

    ICE cotton futures eased on Thursday to snap a four-session long streak of gains, weighed down by an uptick in the dollar.

    Cotton contracts for December fell 0.48 cent, or 0.5%, at 94.02 cents per lb, at 11:55 a.m. EDT (1555 GMT). The contract shed as much as 1.2% to 93.38 cents per lb.
Plexus Market Comments 26 August 2021
  • So where do we go from here?

    Spec longs and trade shorts have been keeping each other in check lately, as their positions have expanded to historically significant levels. Sooner or later this stalemate is likely to break, with the bulls seemingly having the better odds, at least that’s what the options market is telling us.
Cleveland On Cotton
  • Market Refuses to Back Down

    August 27, 2021

    Cotton just does not want to go down. Attempts to push prices below 93 cent have been short lived and have come without any muscle. Prices continue to creep back to 95 cents while keeping their eye on the 96-cent resistance level and the nearby objective of 97-100 cents. Additionally, prices continue to trade above all the moving average trend lines.
PCCA Cotton Market Weekly
  • Aug 27, 2021

    DECEMBER FUTURES HIT HIGHEST PRICE SINCE MARCH 2014

    • Concerns that “Transitory Inflation” is not so Transitory Arise
    • El Salvador Last Week’s Biggest Cotton Buyer
    • 79% of Cotton Belt Setting Bolls
    • Tropical System in Gulf of Mexico Key to Watch
DTN Cotton Close 27-Aug-2021
  • Market Ends Friday Higher
    August 27, 2021

    By Keith Brown, DTN Contributing Cotton Analyst

    The cotton market finished its Friday session in the plus column as Ida was upgraded to Hurricane status in an afternoon update from NOAA and the Federal Reserve’s comments were friendly to the financial markets.
Gujcot Weekly Report 28-Aug-2021
  • Market Movement from 23rd Aug 2021 to 28th Aug 2021

    • This week NY December future consolidated steadily and closed with 174 points weekly gain.

    • US Export sale was also decent with new commitment of 2,59,400 Bales for current year and 67,900 bales for next year. But China remained absent in new sales. Good shipments above 2 Lakh bales.
Rose on Cotton
  • COTTON MARKET RECOVERS PREVIOUS WEEK’S SETBACK AHEAD OF IDA COMING ASHORE

    Aug 29, 2021

    The ICE Dec cotton contract gave up 174 points on the week to finish at 94.84, with the Dec – Mar inversion strengthened at 101. Dec seriously challenged the 95.00 level several times throughout the week but trading north of this level was not to be. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct.
Jernigan Global Weekly 30-Aug-2021
  • 1. CURRENT APPAREL SOURCING SUPPLY CHAIN UNDER EXTREME STRESS

    2. CENTRAL ASIAN DROUGHT RAISES DOUBTS ABOUT THE COTTON CROP

    3. AUSTRALIAN COTTON ASSUMING LARGER ROLE IN ASIAN TRADE

    4. US EXPORT SALES DISAPPOINT AS REGIONAL BUYERS DOMINATE AND SHIPMENTS LAG

    5. SURGING FREIGHT RATES BOOST BRAZIL’S TEXTILE AND APPAREL INDUSTRY

    6. DRY WEATHER A CONCERN IN GUJARAT BUT RAINS EXPECTED 30/31

    7. WEATHER CONCERNS CONTINUE IN THE US AS A NEW HURRICANE IS EXPECTED TO HIT THE BELT

    8. ICE FUTURES CLOSE NEAR THE HIGHS OF THE WEEK.
DTN Cotton Close 31-Aug-2021
  • Lower in Muted Session
    August 30, 2021

    By Keith Brown, DTN Contributing Cotton Analyst

    The cotton market finished lower Monday, sloughing off the loss potential from now Tropical Storm Ida. The storm is bringing copious amounts for rainfall to the U.S. Delta and beyond. Supposedly, the delta cotton crop is some 50% open, but acres there are not as prolific as prior seasons. This past winter/spring, both corn and soybeans rallied to near eight-year highs siphoning off acres from cotton.
Thompson On Cotton
  • Does Downside Risk Outweigh Upside Potential?

    August 30, 2021

    Advancing 174 points, December cotton futures closed the week at 94.84 finding itself within two cents of the contract high of 96.71. Though trading activity was much less volatile than that of the previous week, a host of uncertainties remain.
Shurley on Cotton
  • Strong Prices Continue – So Far with Few Hiccups
    Aug 27, 2021

    Most of the time, but not always, prices tend to trend down into the harvest months. It’s called seasonality and for that reason, farmers like to price some portion of their crop prior to harvest. How much varies from farmer to farmer and depends on how much risk he/she is willing to take on an unknown future.

    This continues to be shaping up as one of those not-very-often years where farmers stand to enjoy both a good crop and at a good price.
DTN Cotton Close 31-Aug-2021
  • Market Lower on Selling
    August 31, 2021

    Failing to let Hurricane Ida bullishly motivate prices, the cotton market took a nosedive Tuesday. Nervously long speculators and unpriced growers collectively slanted to the sell side. In fact, as one subscriber said to us, “the tug of harvest is in the air.” With that notion, December cotton is edging ever closer to having an “eight handle” on its price.
DTN Cotton Close 01-Sep-2021
  • Market Ends the Day Weaker
    September 1, 2021

    The cotton market settled slightly lower Wednesday as traders await Thursday’s weekly export sales and ponder damage at the port of New Orleans.
U.S. EXPORT SALES
  • For Week Ending 26-08-2021

    2021-2022
    Net Upland Sales 1,05,200
    Upland Shipments 1,68,600
    Net Pima Sales 14,500
    Pima Shipments 4,700
    TOTAL SALES 1,19,700

    2022-2023
    Net Upland Sales 23,800
    Net Pima Sales 0
    TOTAL 23,800
DTN Cotton Close 02-Sep-2021
  • Ends Higher on Storms, Financials

    The cotton market finished higher Thursday as traders eyed a Gulf disturbance on the National Hurricane Center’s website. Early tracking has the weather heading towards the Mexico-Texas Border, making the Valley crop susceptible to trouble. In addition, the S&P posted all-time highs Thursday, which lent some peripheral support to cotton.
ICE Cotton Update 02-Sep-2021
  • Cotton rebounds from one-week trough on weaker dollar

    ICE cotton futures rose on Thursday, as a weakened dollar provided some respite after concerns over higher supply of the natural fiber sent it to a one-week low in the previous session.
Plexus Market Comments 02-Sep-2021
  • So where do we go from here?

    Not much has changed since last week, as spec longs and trade shorts continue the standoff with their historically significant positions. This has boxed the market into a 92-95 cents window for the last three weeks.

    The WASDE on September 10 could be the next trigger point, as most traders expect an upward revision of the US crop to over 18 million bales, but there could also be some bullish surprises, like a much overdue downward adjustment of Indian ending stocks.
DTN Cotton Close 03-Sep-2021
  • Market Holds Higher Prices
    September 3, 2021

    The cotton market started Friday higher and ended higher. A softer U.S. dollar, stemming from the wildly missed September jobs report, helped to buoy prices. In addition, traders are looking ahead to next week’s several cotton reports including crop condition, weekly export sales and the monthly supply-demand report.

    The latter could prove very influential as USDA will supposedly address the rift between USDA’s acres and the FSA’s certified acres; at stake may be some 900,000 fewer 2021 acres.

PCCA WeeklyCotton Market

  • SEPTEMBER 3, 2021

    DECEMBER FUTURES RALLY BUT UNABLE TO HOLD GAINS

    • Markets in “Risk-Off” Mindset Monday and Tuesday
    • Pakistan Biggest Buyer of Cotton This Week
    • 70% of Crop Rated Good or Excellent
    • USDA Reports Delayed for Labor Day
Gujcot Weekly Report
  • WEEKLY REPORT 04-SEP-2021

    Market Movement from 30th Aug 2021 to 04th Sep 2021

    • NY December future declined from Monday to Wednesday but when hurricane IDA passed without much damage to cotton crop, it recovered in last two sessions and closed this week with just 82 points loss.

    • US Export sale was slow with just 119,700 bales sales for current year and only 23,800 bales sales for next year. Shipment also was down to just 173,300 bales.
Jernigan Global Weekly 06-Sep-2021
  • 1. NEW DOUBTS REGARDING CHINA’S LUXURY MARKET AS XI LAUNCHES NEW “CULTURE REVOLUTION”

    2. PAKISTAN’S DOMESTIC PRICES HIT 105 CENTS BEFORE RETREATING

    3. INDIA NEW CROP STARTS TO MOVE/ PRICES DISCOUNTED FOR FORWARD SALES

    4. CHINA ZCE FUTURES BASIS AT RECORD LOWS TO CASH PRICES

    5. CFR BASIS LEVELS MOVE HIGHER AS SHIPPING COSTS CONTINUE TO RISE

    6. US HARVEST ADVANCES; SOUTH TEXAS CROP OF EXCELLENT QUALITY

    7. PHYSICAL COTTON PRICES STEADY AS ICE CONSOLIDATES; CONCERN OVER DEMAND INCREASING
Rose on Cotton
  • COTTON MARKET RECOVERS PREVIOUS WEEK’S SETBACK AHEAD OF IDA COMING ASHORE

    Sep 4, 2021

    The ICE Dec cotton contract gave up 82 points on the week to finish at 94.02, with the Dec – Mar spread inversion weakened to 76. Dec again seriously challenged the 95.00 level on the week but failed to trade north of this level. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be incorrect.
Cleveland On Cotton
  • Seat at the Dollar Table Depends on Mother Nature

    September 4, 2021

    After testing near term lows, the cotton market rallied at week’s end, settling above 94 cents, basis December futures. The attempt to climb to the magic one-dollar level is somewhat stimmed by the potential for the U.S. crop to climb to over 18 million bales. The current estimate is 17.3 million bales, but late as the crop is, Mother Nature could still give us an unusually late fall; thus, allowing for the plant’s very young fruit to develop harvestable bolls.
DTN Cotton Close 07-Sep-2021
  • Cotton Trades in Sleepy Session Tuesday
    September 7, 2021

    The cotton market traded in a muted funk all day Tuesday. Volume was low, and the range was less than 1 cent.

    The cotton market traded in a muted funk all day Tuesday. Volume was low, and the range was less than 1 cent. Traders are wanting to see what new acre revelations might emerge in Friday’s September WASDE. For some time, traders have been questioning this year’s planted acres from USDA versus the certified acres as reported by the FSA.
DTN Cotton Close 08-Sep-2021
  • Cotton Hooks and Reverses
    September 8, 2021

    The cotton market initially traded higher Wednesday, even surpassing the 95.00-cent mark, but overhead grower-selling, as well as some speculative squaring, pushed prices off.
ICE Cotton Update 09-Sep-2021
  • ICE cotton gains as approaching storm clouds crop outlook

    ICE cotton futures firmed on Wednesday on concerns that a weather disturbance developing in the U.S. Gulf of Mexico could hurt harvests in key regions, with crop conditions already downgraded in a weekly federal report.

    Cotton contracts for December climbed 0.42 cent, or about 0.5%, to 94.47 cents per lb, by 12:14 p.m. EDT (1614 GMT), and were up for a fourth consecutive session.
DTN Cotton Close 09-Sep 2021
  • Cotton Ends Lower, Awaits News
    September 9, 2021

    The cotton market was moderately lower Thursday as traders adjusted their position for Friday’s monthly supply-demand report.

    The cotton market was moderately lower Thursday as traders adjusted their position for Friday’s monthly supply-demand report. Generally speaking, the trade is expecting less acres but increased yield. Prior to its release, USDA will issue its weekly export-sales report. Last week’s business was a dismal 125,000 bales sold.
ICE Cotton Update 10-Sep-2021
  • ICE cotton dips as traders await USDA reports

    ICE cotton futures eased on Thursday ahead of a monthly supply and demand report, with some traders expecting the United States Department of Agriculture (USDA) to raise its estimate for US supply in the report.

    Cotton contracts for December fell 0.45 cent, or 0.5, to 93.63 cents per lb by 1:00 p.m. EDT. It traded within a range of 93.63 and 94.67 cents a lb.
Plexus Market Comments 09-Sep-2021
  • So where do we go from here?

    We feel that after trading sideways in a 92-95 cents box for the last four weeks, December is getting ready to make a move. Tomorrow’s WASDE could provide the trigger if there are any surprises, but we also need to watch economic developments, which could trip up the spec long like it did in 2018.

    While we can’t rule out another spike higher, we become increasingly concerned about an economic slowdown going forward and believe that it is prudent to start putting some downside protection in place.
U.S. EXPORT SALES
  • For Week Ending 02-09-2021

    2021-2022
    Net Upland Sales 4,53,900
    Upland Shipments 1,55,300
    Net Pima Sales 12,100
    Pima Shipments 12,000
    TOTAL SALES 4,65,100

    2022-2023
    Net Upland Sales 19,500
    Net Pima Sales 0
    TOTAL 19,500
PCCA Cotton Market Weekly
  • SEPTEMBER 10, 2021

    DECEMBER CONTRACT CLOSES WEEK AT 93.22 CENTS PER POUND

    • Unemployment Claims of 310,000 as of September 4
    • Total Export Commitments Still Lag Recent Year’s Pace
    • Texas Production Big Shocker on September Crop Production Report
    • 61% of Crop Rated Good or Excellent

USDA - WASDE
  • Sept-2021

    Beginning stocks are slightly lower than last month in the 2021/22 U.S. cotton estimates, but a much larger increase in production means that both exports and ending stocks are higher than estimated in August. U.S. cotton production is forecast at 18.5 million bales, up 1.2 million bales despite a 4 percent decline in harvested area, largely due to increased projected yields in Texas. With both world trade and U.S. supplies higher this month,
Gujcot Weekly Report
  • WEEKLY REPORT 11-SEP-2021

    Market Movement from 06th Sep 2021 to 11th Sep 2021

    • Not much movement on NY cotton futures during this week. Market was lower on Thursday due to adjusting position before WASDE. Over all NY December closed this week with 52 points weekly loss.

    • Bullish numbers of expert sale was ignored by market due to bearish WASDE report.
Jernigan Global Weekly 13-Sep-2021
  • 1. SUPPLY CHAIN WOES EXPAND AS ALL AREAS FEEL IMPACT

    2. CHINA SEED COTTON PRICE DRAMA DRIVES ZCE BUT SPINNERS UNABLE TO PASS ALONG PRICE HIKES

    3. THIRD LARGEST AUSTRALIAN CROP ON RECORD NOW BEING PLANTED
DTN Cotton Close 13-Sep-2021
  • Negative Start to the Week
    September 13, 2021

    By Keith Brown, DTN Contributing Cotton Analyst

    The cotton market started this new week on Sunday night with a lower opening, and unfortunately ended that way Monday. Monday’s volume was quite muted (18,000), which is consistent with narrow ranges (0.81 cent). Some traders fear that the managed-money speculators have acquired a burdensome bullish position as evidenced by the commitment of traders report of last Friday.
ICE Cotton Update 14-Sep-2021
  • ICE Cotton Update

    ICE Cotton slips post WASDE production hike

    ICE cotton futures eased on Monday, pressured by a stronger dollar, as traders continued to assess a projected increase in output in the US Department of Agriculture’s (USDA) September supply and demand report.

    Cotton contracts for December fell 0.85 cent, or 0.9%, to 92.65 cents per lb by 12:47 p.m. EDT (1647 GMT).
DTN Cotton Close 14-Sep-2021
  • Market Wobbles Higher
    September 14, 2021

    The cotton market was higher Tuesday, albeit on low volume. Such has been a true characterization of the market ever since its new August high was established, that is one of slow volume and tight ranges. However, conventional wisdom would suggest cotton’s immediate fundamentals, that is a large crop, huge net long speculators and the forthcoming harvest, are stacking bearish.
Rose on Cotton
  • COTTON MARKET OFF MODESTLY ON ABBREVIATED WASDE WEEK; TRADE ACKNOWLEDGES END OF AN ERA WITH PASSING OF INDUSTRY ICON

    Sep 13, 2021

    The ICE Dec cotton contract gave up 52 points on the abbreviated week to finish at 93.50, with the Dec – Mar spread inversion effectively unchanged at 77. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be incorrect. However, we did not recommend trading any bias due to the WASDE’s release on Friday.
DTN Cotton Close 15-Sep-2021
  • Market Moves Quietly Lower
    September 15, 2021

    The cotton market maintained a low profile Wednesday as it’s high-to-low range was tight and volume very subdued. Traders are keying on Thursday’s weekly export-sales report. Last week’s U.S. sales topped 450,000 with China buying some 261,000 bales. With USDA lowering its world carryout numbers, traders suspect futures sales will be strong.

ICE Cotton Update 16-Sep-2021
  • Cotton edges lower as harvest nears; export sales data in focus

    ICE cotton futures dipped slightly on Wednesday, as traders geared up for the upcoming weekly export sales data, with the harvest season on the horizon.

    The cotton contract for December fell 0.22 cent, or 0.2%, to 93.44 cents per lb, by 12:56 p.m. ET (1656 GMT). It traded within a range of 92.98 to 93.78 cents a lb.
U.S. EXPORT SALES
  • For Week Ending 09-09-2021

    2021-2022
    Net Upland Sales 2,84,800
    Upland Shipments 2,37,500
    Net Pima Sales 9,600
    Pima Shipments 3,100
    TOTAL SALES 2,94,400

    2022-2023
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 19,500
DTN Cotton Close 16-Sep-2021
  • Lower on Impending Harvest
    September 16, 2021

    By Keith Brown, DTN Contributing Cotton Analyst

    The cotton market ended lower Thursday as traders are beginning to look ahead to a huge crop. However, adverse weather across the south from Hurricane Nicholas, among other weather events, is disrupting the development of that crop.
Shurley on Cotton
  • The See-Saw at 90-Plus Continues – What Lies Ahead?

    September 16, 2021

    The strong uptrend in prices seems to have leveled out. Prices (Dec futures) have been in a range of mostly 92 to 95 cents for the past month plus. Dec closed at almost 95 cents back on August 17 but followed by at a close at 92.3 cents on September 1.

    Last week ended at 93.5 cents—down 52 points for the week. So far this week (through today, September 15), Dec is down another 13 points to 93.37 cents.
ICE Cotton Update 17-Sep-2021
  • ICE Cotton slips as stronger dollar offset higher exports

    ICE cotton futures fell for a second straight session on Thursday, as a firmer U.S. dollar overshadowed a weekly federal report showing higher export sales.

    The cotton contract for December fell 0.65 cent, or 0.7%, to 92.72 cents per lb by 11:25 a.m. ET (1525 GMT). It traded within a range of 92.52 to 93.97 cents per lb.
Plexus Market Comments 16-Sep-2021
  • So where do we go from here?

    The market can’t seem to make its mind up, and neither can we! On the one hand we have this large spec net long position, which has the potential to squeeze mills who still have over 5 million bales to fix on December. If speculators were to hang on to their positions, then a lack of sell-side liquidity could force trade shorts to pay up.
DTN Cotton Close 17-Sep-2021
  • Market Trades Subdued Session
    September 17, 2021

    Cotton spent much of its Friday trading lower, albeit on unenthusiastic volume. The market was mainly pressured by certain outside financial markets that tanked on fears that the Federal Reserve will initiate its tapering policy next week.

    The Fed meets on Tuesday/Wednesday, and then makes its announcement Wednesday afternoon. Some analysts feel invoking tapering is tantamount to increasing interest rates. With that notion, the U.S. dollar was higher Friday.
PCCA Cotton Market Weekly
  • September 17, 2021

    Export Sales Show Demand is Still Strong

    • Prices Settle Down 71 Points for Week
    • U.S. Spending on Solid Ground
    • Export Sales Strong Again This Week
    • Crop Health Declines in Some Areas
ICE Cotton Update 18-Sep-2021
  • Cotton heads for third straight weekly fall on firmer dollar

    ICE cotton futures fell to a one-week low on Friday and were on track for their third straight weekly decline, weighed down by a jump in the U.S. dollar.
Gujcot Weekly Report
  • WEEKLY REPORT 18-SEP-2021

    Market Movement from 13th Sep 2021 to 18th Sep 2021

    • NY futures remained easy during week with lower volume. Speculator are now silent with market not able to cross technical resistance area. Overall NY December future closed with 117 points loss during this week.

    • Export sales were decent around 3 lakh bales and shipment also better. China was among big buyers. But market ignored good US export sales and closed lower.
Jernigan Global Weekly 19-Sep-2021
  • News Letter 19-Sep-2021

    1. LOGISTICS CHAOS PROVIDES STRATEGIC ADVANTAGE TO LOCAL SOURCING

    2. CHINA RETAIL SALES DEMAND FOR APPAREL FALLS SHARPLY IN AUGUST AS CRACKDOWN ON BUSINESS EXPANDS

    3. DENIM IS COOL; DEMAND DRIVING INCREASE IN COTTON USE

    4. FACTS BEGIN TO DESTROY THE LIES TOLD ABOUT COTTON

    5. US RETAIL SALES OF APPAREL IN AUGUST REACH NEARLY 26 BILLION USD; 86% LARGER THAN CHINA’S SALES

    6. CHINA TEXTILE MARKET TURNS WEAKER; NDRC RATIONS POWER

    7. DULL TRADE IN ICE FUTURES AS MARKET SLOWLY MOVES LOWER
Rose on Cotton
  • COTTON MARKET MOVES LOWER TO TEST NEARBY SUPPORT AS HARVEST SEASON NEARS
    September 18, 2021

    LOUIS W. ROSE IV AND BARRY B. BEAN

    The ICE Dec cotton contract gave up 117 points on the week to finish at 92.33, with the Dec – Mar spread inversion effectively unchanged at 74. Last weekend our models predicted a finish on the week that was to be near unchanged to lower Vs the previous Friday’s settlement, which proved to be correct.
Thompson On Cotton
  • When Will the Current Range Break – And in What Direction?

    Some things in this world are just difficult to explain such as Einstein’s Theory of Relativity, the Fibonacci Sequence, or why a tomato has more genes than a human. Equally as hard to explain is why cotton has traded in a tight range above 90 cents for over a month amid a host of growing negative influences? Some of these include a supposedly larger crop, persistent Covid concerns, a fragile economy, continued supply chain disruptions, and tense U.S. – China relations.
DTN Cotton Close 20-Sep-2021
  • Market Ends Sharply Lower

    The cotton market was steeply lower Monday as economic rumblings out of China unhinged many of the world’s financial markets. The Hong Kong market was off 4%, while the Dow Jones was down some 800 points at the time of cotton’s closing. Some analysts believe this Chinese $300 billion default real estate problem may test the soundness of its banking system.
DTN Cotton Close 21-Sep-2021
  • Market Keeps Higher Bounce

    September 21, 2021

    Taking its cue from a recovering Dow Jones, the cotton market finished back above the 90-cent mark Tuesday. Subscribers are aware of Monday’s massive financial implosion, which was caused by the potential default of a Chinese real estate company.

    Its outstanding debt is rumored to be greater than 300 billion U.S. dollars. At any rate, Tuesday the stock market witnessed a decent recovery which inspired cotton, among other commodities, to follow suit.
ICE Cotton Update 22-Sep-2021
  • Cotton rises over 1pc

    ICE cotton futures rose more than 1% on Tuesday, with mills taking advantage of a steep fall in the previous session to buy back some of the natural fiber, while a weaker dollar offered further support.
DTN Cotton Close 22-Sep-2021
  • Market Ends Higher With Dow
    September 22, 2021

    By Keith Brown, DTN Contributing Cotton Analyst

    The cotton market finished its Wednesday’s session markedly higher as positive outside markets were encouraging to buyers. To that end, cotton saw mill-type fixation buying, as well as some speculative bargain hunting. On Monday, the market collapsed some 3.00 cents amid certain Chinese financial news, but since that time with that problem somewhat ebbing, cotton has gained back 2.00 cents.
U.S. EXPORT SALES
  • *U.S. EXPORT SALES*

    *For Week Ending 16-09-2021*

    2021-2022
    Net Upland Sales 3,45,300
    Upland Shipments 1,76,800
    Net Pima Sales 23,500
    Pima Shipments 3,800
    TOTAL SALES 3,68,800

    2022-2023
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 0
DTN Cotton Close 23-Sep-2021
  • Market Ends Sharply Higher

    September 23, 2021

    Spurred on by an impressive weekly export-sales report and a stout Dow Jones, the cotton market closed with triple-digit gains Thursday. Thursday’s weekly sales number was 345,000 bales with China as the top buyer, which was above the running averages of 300,000-plus bales. The Dow Jones and related markets took another look at the Federal Reserve’s action and realized tapering was on hold until late November, if even then. So, the Dow gained back over 600 points.
ICE Cotton Update 24-Sep-2021
  • Cotton rises on weaker dollar

    ICE cotton futures gained on Thursday, supported by a weaker dollar and a strong weekly US export sales report, with risk-on sentiment in the equity markets adding to the upbeat mood.

    The cotton contract for December was up 0.81 cent, or 0.89%, at 91.68 cents per lb by 11:03 a.m. ET (1503 GMT). The contract is up for the third straight session.
Plexus Market Comments 23-Sep-2021
  • Market Comments – September 23, 2021

    So where do we go from here?

    The technical breach on Monday flushed out some spec longs and allowed mills to fix a decent amount of their December commitments. This helped to defuse a potential short-squeeze, although mills are not quite out of the woods yet.

    With financial markets quickly reverting to ‘risk on’, spec liquidation stopped, while mill fixations and possibly China buying lifted the market back into the 92-95 settlement range, where we had been in previous five weeks.
DTN Cotton Close 24-Sep-2021
  • Dec. Contract Surges Higher

    September 24, 2021

    December cotton closed up 3.53 cents at 95.99 cents Friday, a new contract high and among the highest closes for a December contract since 2012. The week started with a steep 3.31-cent drop as investors panicked over Evergrande’s possible debt default in China, but quickly bounced back, helped by Wednesday’s repeated Fed commitment to low interest rates and Thursday’s strong report of 345,400 running bales of export sales, nearly two-thirds of which went to China.
PCCA Cotton Market Weekly
  • September 24, 2021

    A Rollercoaster of a Week

    Open Interest Down 10,601 Contracts from Last Week
    Jobless Claims Higher Than Expected
    Net Upland Sales Total 345,400 Bales
    Share of Crop in Good or Excellent Condition Higher Than the Last Four Years
ICE Cotton Update
  • ICE Cotton Update

    Cotton rises on weaker dollar

    ICE cotton futures gained on Thursday, supported by a weaker dollar and a strong weekly US export sales report, with risk-on sentiment in the equity markets adding to the upbeat mood.
Gujcot Weekly Report
  • WEEKLY REPORT 25-SEP-2021

    Market Movement from 20th Sep 2021 to 25th Sep 2021

    • This week will be noted as highly volatile week on both sides. On Monday with fear of Chinese real estate giant’s default, market lost 331 points. Market recovered in next 3 days with support of Fed's support with no increase in interest rate and also huge buying by China. On Friday market jumped to its lifetime high on ICE December future closing at 95.99 cents gaining 366 points in a single day.
Jernigan Global Weekly 27-Sep-2021
  • JERNIGAN GLOBAL
    News Letter 27-Sep-2021

    1.    CHINA DOWNSTREAM TEXTILE SECTOR UNDER SEVERE STRESS FROM ENERGY RATIONING/LOGISTICS

    2.    “RECORD CONTAINER SHIPS DRIFTING OUTSIDE US WEST COAST PORTS”; ENERGY SHORTAGE SHUT TEXTILE PLANTS AND FREIGHT COST 25% OF RETAIL DENIM IS COOL; DEMAND DRIVING INCREASE IN COTTON USE

    3.    CFR BASIS LEVELS VERY ELEVATED AS 4th QUARTER 2021 ARRIVES
Rose on Cotton
  • ROSE ON COTTON – COTTON MARKET FINISHES HIGHER ON WEEK AMID VOLATILE TRADING ACTION

    Sep 27, 2021

    The ICE Dec cotton contract commenced the week with a sharp break but finished with an even more impressive rally to finish up 366 points on the week at 95.99, with the Dec – Mar spread inversion ballooning to 142. Last weekend our models predicted a finish on the week that was to be near unchanged to lower Vs the previous Friday’s settlement, which proved to be incorrect.
Thompson On Cotton
  • Market Resiliency Underscores Strong Fundamentals

    After trading calmly in a narrow range for over a month, last week’s market activity was nothing short of a rollercoaster ride. Expecting a breakout of some sort at any time, we were jolted Monday as prices fell over three cents closing below 90 for the first time since August 3.
DTN Cotton Close 27-Sep-2021
  • Sharply Up, but Off Highs
    September 27, 2021

    The cotton market nearly hit limit-up levels early Monday morning as a flurry of buyers chased the futures. Fears that the U.S. crop may come in smaller due to weather adversities, plus potential trouble with the Indian crop and outright technical buying sent prices to their highest levels in 10 years.
ICE Cotton Update
  • ICE Cotton Update

    Cotton futures hit contract-high

    ICE cotton futures gained for a fifth straight session on Monday, climbing as much as 4% to a contract-high as funds stepped up purchases and demand from China, the biggest natural fiber consumer, remained steady.

    The cotton contract for December rose 1.72 cent, or 1.8%, to 97.71 cents per lb, by 1:30 p.m. EDT (1730 GMT).

    Earlier, the December contract jumped 4% to hit a contract-high of 99.86 cents per lb.
DTN Cotton Close 28-Sep-2021
  • Market Posts 10-Year Highs
    September 28, 2021

    Continuing on its upside tear, the cotton market traded the $101.55 level Tuesday. Such prices have not been seen in 10-plus years. Strong Chinese demand, along with fears of a potentially shaky Texas harvest, are collectively undergirding prices. The market is also anticipating the political situation regarding new stimulus spending now occurring in the U.S. Congress.
DTN Cotton Close 29-Sep-2021
  • Finishes Snuggly Over a Dollar
    September 29, 2021

    The cotton market affirmed its historical dollar closed Wednesday when the December market settled above $101. This market hasn’t been this high in 10 years and, from all appearances, it seems destined higher. Yet, with Thursday’s monthly and quarter end, volatility could run high and profit-taking could set in towards the weekend.
U.S. EXPORT SALES
  • *For Week Ending 23-Sep-2021*

    2021-2022
    Net Upland Sales 5,71,400
    Upland Shipments 1,63,900
    Net Pima Sales 16,900
    Pima Shipments 11,700
    TOTAL SALES 5,88,300

    2022-2023
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 0
DTN Cotton Close 30-Sep-2021
  • Higher at Month and Quarter End

    September 30, 2021

    Sloughing off the fears of strong position squaring at the end of the month and the third quarter, cotton ended with its eighth consecutive session of higher closings. The market is obviously concerned with the potential crop setbacks across the Northern Hemisphere.

    Those worries include the U.S., India and China. Of course, there is a corresponding hefty demand for cotton as well. Thursday, USDA reported a half-million-plus bales were purchased last week with China buying the lion’s share.
ICE Cotton Update
  • ICE cotton futures post best quarter since March 2011

    ICE cotton futures jumped more than 3.5% on Thursday and registered their best quarterly performance since March 2011, supported by strong export sales and worries over crop damage due to heavy rains in Texas.

    The cotton contract for December settled up 3.86 cents, or 3.79%, at 105.8 cents per lb.
Plexus Market Comments 30-Sep-2021
  • So where do we go from here?

    While China has brought great uncertainty to the market and there might be some fundamental reasons for prices to move higher, this has clearly turned into a showdown between spec longs and trade shorts.
PCCA Cotton Market Weekly
  • OCTOBER 01, 2021

    MARKET TAKES OFF THIS WEEK

    • U.S. Federal Spending and Debt Limit Fight Seem to Escalate
    • Export Sales Report Confirms Surge in Demand
    • 11% of Cotton Belt Harvested
    • Weather is Threat More to Quality than Quantity
DTN Cotton Close
  • DTN Cotton Close: Market Has Orderly Retreat

    October 1, 2021

    After threatening the moon this week, the cotton market did experience a reasonable, but anticipated, correction Friday. Coming into Friday’s session, December cotton had already zoomed some 9.00-plus cents higher, so a bit of mitigation was expected. The source of the selling was producer hedging and speculative profit-taking. Volume was equally massive, compared to recent days.
Gujcot Weekly Report
  • WEEKLY REPORT 02-OCT-2021

    Market Movement from 27th Sep 2021 to 02nd Oct 2021

    • This is last weekly report of 2020/21 cotton season. 2020/21 season has given very good earning opportunities to all stakeholders.

    • We wish same earning in new cotton season for all stakeholders.
JERNIGAN GLOBAL
  • News Letter 10-Oct-2021

    1. ICE AND ZCE COTTON FUTURES RALLY 16.6% IN RECORDBREAKING SIX SESSIONS, SHOCKING THE SUPPLY CHAIN

    2. CHINESE FABRIC MILLS FACE CRISIS DUE TO POWER CUTS
DTN Cotton Close
  • Market Keeps Its Cool, Stays Aloft

    October 4, 2021

    After overnight selling attempted to build upon Friday’s reversal, cotton futures were able to stabilize and finished higher Monday. Several research groups labeled Friday’s action as a key reversal with a certain national analyst actually selling the ICE Futures.
Cleveland on Cotton
  • *Seat at the Dollar Table Depends on Mother Nature*

    *October 02, 2021*

    With apologies to Mr. Rogers, “It’s a beautiful day in the neighborhood, a beautiful day in the neighborhood, want you be my Magic, Mr. Cotton…” Cotton has us just singing away as past and present demand has pushed and pushed the market to 11-year highs and that Magic Dollar level. Prices settled Thursday evening at 105.80, basis December futures, and were unchanged at Friday noon.
Thompson on Cotton
  • Signals Remain Bullish Despite 10-Year Highs

    October 04, 2021

    Amid production concerns, transportation restraints, and China’s renewed appetite for natural fiber, dollar cotton seemed almost inevitable. Like an elusive brass ring, we’ve only seen it a handful of times over the course of history. In fact, December cotton futures have closed at dollar or higher only seven percent of the time in the past 16 years.
DTN Cotton Close
  • Market Ends Higher, but Swings Pendulum

    October 6, 2021

    The cotton market finished Wednesday’s session higher, but not before it initially traded limit up, then spilling to nearly unchanged, and then up again. No question that emotions, anxieties and knee-jerk reactions highlighted the trading. Volume was strong at 70,000-plus contracts. Of course, the background fundamentals that are driving the center on pricing are inflationary conditions, reduced global production and perceived strong demand from China.
U.S. EXPORT SALES
  • For Week Ending 30-Sep-2021

    2021-2022
    Net Upland Sales 2,46,600
    Upland Shipments 1,25,100
    Net Pima Sales 13,700
    Pima Shipments 3,700
    TOTAL SALES 2,60,300

    2022-2023
    Net Upland Sales 55,000
    Net Pima Sales 0
    TOTAL 55,000
DTN Cotton Close
  • Market Rests Higher

    October 7, 2021

    Hoping to cure its overbought situation, the cotton market traded sideways to higher Thursday on muted volume. Thursday’s action was quite a contrast to recent sessions when cotton was testing permissible limits and was fueled by huge volumes. Nonetheless, December cotton closed higher Thursday, keeping its bullish trend and its recent extreme vertical move intact.
ICE Cotton Update
  • Rally in cotton futures tires; dip in weekly exports weighs

    ICE cotton futures took a breather on Thursday from a blistering rally that has seen prices reach their highest level since mid-2011 to lock in profits, following a federal report that showed lower export sales of the fiber.

    The cotton contract for December fell 0.37 cent, or 0.3%, to 110.69 cents per lb, at 13:00 p.m. EDT (1700 GMT).

PLEXUS Market Comments
  • Market Comments – October 7, 2021

    So where do we go from here?

    With China probably coming back with speculative vigor after its week-long holiday and with the WASDE next Tuesday possibly showing some bullish corrections (Indian stocks and Chinese imports), it is difficult to see this rally coming to an end anytime soon.
DTN Cotton Close
  • Market Tips Lower

    October 8, 2021

    After scaling near 10-year-price highs this week, the cotton market witnessed a bit of profit taking this Friday. By most technical measurements, the market is overbought with the speculative funds thought to be more than excessively net-long. Volume this week has been huge.
PCCA Cotton Market Weekly
  • OCTOBER 08, 2021

    DECEMBER FUTURES FINISH 581 POINTS UP FOR THE WEEK

    • Stocks Struggled in Sideways Motion Until Thursday
    • Rains Delay Harvest to Slowest Pace Since 2013
    • October Crop Production and WASDE Reports Next Week

    Futures prices stalled slightly last Friday after making another fresh high. On Monday, the December contract found support at the week’s low of 103.58 cents per pound before turning higher.
Jernigan Global Weekly 11-Oct-2021
  • JERNIGAN GLOBAL
    News Letter 11-Oct-2021

    1. EMOTIONS RUN HIGH AS PRICES SURGE AND CHINA MARKET REOPENS

    2. GLOBAL COTTON PRICE MANIPULATED BY EXCESSIVE SPECULATION

    3. XINJIANG SEED COTTON PRICES SOAR DURING NATIONAL HOLIDAY

    4. GLOBAL HARVEST EXPANDS ACROSS MOST MAJOR REGIONS

    5. ICE SHOWS SIGNS OF A NEAR TERM PEAK AFTER DRAMATIC MOVES

    6. CFTC COT REPORTS CONFIRM LIKELY CHINESE HEDGE FUND BUYING
ROSE ON COTTON
  • COTTON MARKET CONTINUES TO MOVE HIGHER AHEAD OF OCT WASDE RELEASE

    Oct 10, 2021

    The ICE Dec cotton contract continued to surge last week, gaining 607 points at 110.60, with the Dec – Mar spread inversion contracting to 269. The cotton market traded north of 116 on its intraweek high. Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be correct.
Gujcot Weekly Report
  • WEEKLY REPORT 09-OCT-2021

    Market Movement from 02nd Oct 2021 to 09th Oct 2021.
    • This week was also dominated by bulls. NY December crossed 116 intraday before closing the week just above 110 cents. Speculative run helped NY December to gain 607 points during the week. From 20 September to 8th Oct NY December gained nearly 22 cents.
    • US Export sales was lower with higher prices, mills stayed away from purchase or fixation. 2,60,000 bales sold and just 1,28,000 bales shipped.
Thompson on Cotton
  • Supply Increasingly Bullish, but What About Demand?

    October 11, 2021

    As if on steroids, last week’s market continued its near vertical climb from 89 cents. The December contract has now posted new closing highs in nine of the last 11 trading sessions. Last week, in heavy volume prices traded in a very wide range of thirteen cents from a low of 103.58 to a high of 116.48, closing Friday at 110.60 for a gain of almost six cents on the week.
DTN Cotton Close
  • Market Sheepishly Lower

    October 11, 2021

    After a pretty wild Sunday night, the cotton market was very muted for much of Monday’s day session. Some hedging selling from commercials was evident, while other selling included speculative profit-taking. Just last week the market had zoomed to a 10-year high, as fears of production losses across the Northern Hemisphere fueled the bullish trend.
DTN Cotton Close
  • Sharply Lower on Data

    October 12, 2021

    The cotton market flirted with limit-down prices Tuesday amid USDA’s monthly supply-demand report. In the data, the tabulators lowered the U.S. production, idled exports, but lowered ending stocks. However, in the world categories, global production increased, consumption decreased and global carryout jumped some 450,000 bales.

    Tuesday afternoon, USDA will issue its delayed crop harvest/condition report. Last week the crop was 13% gathered and the good-to-excellent conditions were 62%.
DTN Cotton Close
  • DTN Cotton Close: Market Stabilizes Lower

    October 13, 2021

    The cotton market lost more bullish ground Wednesday as traders viewed USDA’s reduction in Chinese consumption in Tuesday’s WASDE as a big negative. One explanation offered for the tapered consumption is related to China’s failing energy situation. Allegedly, some Chinese textile mills are said to be on a restricted production schedule, as the country faces some brownouts and some rolling blackouts.
ICE Cotton Update
  • Cotton futures touch 2 – week low on WASDE's China demand cut

    ICE cotton futures dipped to a two-week low on Wednesday, as projections for lower Chinese consumption in a monthly U.S. federal crop supply-demand report weighed.

    Cotton contract for December was down 1.84 cents, or 1.7%, at 104.54 cents per lb, by 12:58 p.m. EDT (1658 GMT), having earlier eased to its lowest since Sept. 30.

DTN Cotton Close
  • Market Hits Limit Up

    October 14, 2021

    The cotton market touched limit up for a moment Thursday as frenzied traders bought into the break. Most likely they were encouraged by alleged overnight Chinese buying and the resilient technical trend. Traders are anticipating Friday’s delayed weekly export sales for confirmation that China remains a devout buyer of U.S. cotton.
Plexus Market Comments 14-Oct-2021
  • So where do we go from here?

    After getting close to a 50% retracement of the up move between 88.95 and 116.48 cents, the market has started to turn up again, which might force mills to become more aggressive with their fixations and/or upside protection via options.

    Although there may have been some profit taking by speculators during this correction, the nearly unchanged open interest tells us that speculators have staying power and that time is working against the shorts.
U.S. EXPORT SALES
  • For Week Ending 07-Oct-2021

    2021-2022
    Net Upland Sales 1,46,700
    Upland Shipments 95,200
    Net Pima Sales 6,400
    Pima Shipments 10,600
    TOTAL SALES 1,53,100

    2022-2023
    Net Upland Sales 10,600
    Net Pima Sales 0
    TOTAL 10,600
DTN Cotton Close
  • Ends Tumultuous Week Higher

    October 15, 2021

    The cotton market had a wild session Friday, moving from limit-up bid to lower, and then slightly higher at the close. After a night of potential strong Chinese buying, ICE Futures were limit up, however, traders became disappointed with USDA’s weekly export-sales data.

    Those numbers show sharply lower sales and starkly lower shipments. Thus, profit taking emerged, sending prices down. However, given that the trend remains undeniably up, the market did regroup to finish higher.
Gujcot Weekly Report
  • WEEKLY REPORT 16-OCT-2021

    Market Movement from 11th Oct 2021 to 16th Oct 2021.

    • This week was highly volatile with 4 out of 5 sessions ended in red. WASDE was bearish to neutral so usually market was down this week. Anticipating good export sale to China on Thursday market gained 300 points and on Friday morning limit up but after disappointing export sale numbers market gave up all gain. Ultimately NY December close with weekly loss of 327 points.
Jernigan Global Weekly 18-Oct-2021
  • 1. CHINA’S NDRC MOVES TO CALM SPECULATION IN COTTON AS ICE DOES NOTHING

    2. CHINA’S ENERGY PRICES DRIVING A MAJOR INCREASE IN COST

    3. LOGISTICS COULD MEAN US COTTON EXPORTS REACH ONLY 14 MILLION BALES

    4. TURKEY GROWING AS A COTTON POWERHOUSE, LIRA WEAKNESS A THREAT

    5. AUSTRALIAN COTTON EXPERIENCES ANOTHER MAJOR RAIN EVENT AS PLANTING EXPANDS

    6. ICE RETREATS WITH CHINESE INFLUENCE DOMINATING TRADE
ROSE ON COTTON
  • COTTON MARKET MOVES LOWER ON WASDE WEEK; PRICES REMAIN WELL NORTH OF $1

    October 17, 2021

    The ICE Dec cotton contract gave up 327 points last week, finishing at 107.33, with the Dec – Mar spread inversion contracting to 233.  The cotton market failed to challenge the previous intraweek high, which was northward of 116.  Last weekend our models predicted a finish on the week that was to be near unchanged to higher Vs the previous Friday’s settlement, which proved to be incorrect.