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 30-Jul-2021
  • Market Ends Lower

    Position squaring, profit taking and some light hedging were the dominant items on Friday. Of course, the month of August is the crucial time for the crop’s development, thus Mother Nature must play its critical role. Currently, the length of the Cotton Belt reflects all sorts of adversities from water-logged fields to some areas still dry. To that end, traders are anticipating Monday’s crop condition data.
Cotton Indices and Spot Rate As on 29-Jul-2021
  • Brazil Cotton Index 98.56 +0.62%

    Cotlook A Index 100.25 +0.25

    US Upland Spot Rate 86.65 -0.15

    MCX Spot Rate 27,190

    China Cotton Index
    As on 30-Jul-2021

    CC Index 328: 17731 -22
    CC Index 527: 16697 -12
    CC Index 229: 18072 -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 30-Jul-2021
  • Cotton dips, but poised for best month in three

    ICE cotton futures are primed for their best month since April on stable global demand, despite being on track for its worst day in nearly two weeks on Friday as the dollar rose and grain prices weakened.
    Cotton contracts for December fell 1.02 cent, or 1.1%, to 89.29 cents per lb, by 11:06 a.m. EDT (1506 GMT), falling as much as 1.6% earlier.
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