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 18-Feb-2020
  • Market Timidly Higher

    The cotton market closed out Tuesday’s session higher, but somehow the better close did not reflect the underlying friendlier news. Over the weekend, the NCC issued its 2020 acres membership survey, which showed fewer acres and thereby the potentiality of a slightly smaller crop.
Cotton Indices and Spot Rate As on 18-Feb-2020
  • Brazil Cotton Index 65.22 -0.41%

    US Upland Spot Rate 63.44 +0.46

    MCX Spot Rate 18,900

    Cotlook A Index 76.95 Unch
Stock Position as on 18-Feb-2020
  • NCDEX KHAL

    Cotton Seed Oil Cake Stock
    Unencumbered = 54,641 MT
    Pledged =4,174 MT
    QTY in Process = 798 MT

    Station
    Akola 23,396 MT
    Kadi 31,245 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%.
ICAC - Cotton This Month
  • Looking Beyond the Uncertainties of Trade Tensions  

    The trade dispute between the United States and China has impacted cotton demand and supply chains over the course of the past year. On 1 June 2019, China is set to increase tariffs on $60 billion of US goods in retaliation to the US tariff increase on the remaining $200 billion worth of Chinese imports.
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
  • Highlights from the September 2019 Cotton This Month include:

    • Global production is expected to increase 5% to 26.9 million tonnes
    • Global consumption is projected to increase 1% to 26.9 million tonnes
    • The excess production will cause global stocks to swell to 18.3 million tonnes
    • Prices will be under increasing pressure as a result of the growing supply
Cotton Inc. Monthly Economic Letter September-2019
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    After falling in July, benchmark prices were stable in August and the first half of September.

    • The NY December contract has held to levels near 58 cents/lb since mid-August.

    • The A Index was steady near 70 cents/lb.

    • In international terms, the China Cotton Index (CC Index 3128B) decreased from 88 to 83 cents/lb between early August and the present. Over the same period, the RMB eased 0.9% against the USD (from 7.05 to 7.12 RMB/USD).
ICAC - Executive Summary
  • Highlights from the October 2019 edition of ‘Cotton This Month’ include:

    • Global production is projected to outpace consumption slightly in 2019/20
    • East Asian countries will continue to lead the world in consumption
    • Several major consuming countries will post consumption gains, but mostly 2% or less
    • High stocks and low demand for exports have driven prices to their lowest levels since 2016
Cotton Inc. Executive Cotton Update - October 2019
  • Executive Cotton Update - October 2019

    Macroeconomic Overview: Concerns about economic growth remain. The commonly tracked producer manager indices (PMIs)  released by the Institute for Supply Management (ISM) were lower in September. The manufacturing PMI, which can be a leading indicator for the overall economy, signaled contraction for the second consecutive month and posted its lowest value since 2009.
ICAC - Executive Summary
  • Highlights from the November 2019 Cotton This Month include:

    • The US-China trade war is dragging down both the global economy and international cotton trade
    • In 2019/20, India is projected to lead the world in production despite low yields
    • With production expected to grow by 1 million tonnes, and consumption projected to remain flat, prices will be under heavy pressure throughout the year
Cotton Inc. Executive Cotton Update - November 2019
  • Executive Cotton Update - November 2019

    Macroeconomic Overview: The IMF released an update to its World Economic Outlook last month. The first sentence of the report states that the global economy is in a synchronized slowdown. Correspondingly, the forecast for world GDP growth in 2019 was once again revised lower.
Cotton Inc. Monthly Economic Letter November-2019
  • Cotton Market Fundamentals & Price Outlook

    November 2019

    RECENT PRICE MOVEMENT

    Most benchmark prices increased slightly over the past month. Indian prices were stable.

    • The NY December futures contract rose from 62 to 64 cents/lb.

    • The A Index rose from 72 to 75 cents/lb.

    • In international terms, the China Cotton Index (CC Index 3128B) increased from 80 to 84 cents/lb. In domestic terms, the CC Index increased from 12,600 to 13,000 RMB/ton. The RMB strengthened against the dollar over the past month, from 7.10 to 6.99 RMB/USD (+1.6%).
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
Thompson On Cotton 13-Dec-2019
  • Better News And Slight Gains

    Christmas came early to the cotton market this week via several items of encouraging news. Starving for something positive, the market broke out the top side of a narrow trading range, closing above 67 cents for the first time since mid-July.
Shurley on Cotton 14-Dec-2019
  • How Do You Feel About Risk?

    Slowly, the cotton market appears to be pulling out of the doldrums. The signs and signals are improving and, if actually realized, the timing certainly could not be better.

    Prices advanced to a high of almost 68 cents Friday before closing at just under 67 — down just a bit from Thursday. Today’s action was the highest the market has been in over 5 months — since early June.
U.S. EXPORT SALES
  • For Week Ending 12-12-2019

    2019-2020
    Net Upland Sales 2,49,400
    Upland Shipments 2,13,200
    Net Pima Sales 14,300
    Pima Shipments 11,700
    TOTAL SALES 2,63,700

    2020-2021
    Net Upland Sales 1,100
    Net Pima Sales 0
    TOTAL 1,100
Plexus Market Comments 19 Dec
  • So where do we go from here?

    The market seems to have more bullish arguments at the moment and keeps pushing higher. After flip-flopping for several weeks, speculators seem to be finally transitioning back to a net long position, after the long-term downtrend on the weekly chart has been broken and March has moved above all of its moving averages up to the 200-day.
Cleveland On Cotton 20-Dec-2019
  • Looking Ahead To 77 Cents?

    New export sales, coupled with Washington’s agreement of the new NAFTA pushed by President Trump, benefited the market all week. The red March (March 2021) actually traded above 70 cents as prices climbed to six-month highs.
PCCA Cotton Market Weekly
  • DECEMBER 20, 2019

    COTTON PRICES SURGE ON TRADE NEWS AND EXPORT SALES

    • Futures Up 41 Points for the Week
    • Phase One Details Limited
    • House Approves USMCA With Strong Bipartisan Support
    • Spot Market Prices Up Slightly
Gujcot Weekly Report
  • Market Movement from 16th Dec 2019 to 21st Dec 2019

    • This week was dominated by bullish NY future with hope of US China to sign real deal and decent US Export Sales. First time NY March contract crossed 68 cents mark and closed just below 68 cents with weekly gain of 116 points. Technically first time NY March contract crossed 200 day moving average so, some speculating buying was also seen in the future market.
Jernigan Global Weekly 23-Dec-2019
  • HIGHLIGHTS

    1. US/CHINA TRADE AGREEMENT – WILL IT BE SIGNED? AND WILL IT HOLD?

    2. 2017 US EXPORTS AS A BASE

    3. US AG EXPORTS TO CHINA HAVE BEEN UNDERVALUED FOR YEARS

    4. US PORK EXPORTS MAY REACH 5-10 BILLION USD

    5. COTTON EXPORTS SHOULD RECEIVE SIZEABLE TARGET
Rose on Cotton
  • ICE COTTON CONTINUES TO TREK NORTHWARD

    December 25, 2019

    The Mar contract gained 116 points for the week ending Dec 20, finishing at 67.96 as the Mar – May spread strengthened to (104). Since then, the contract has gained an additional 74 points. Our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to higher Vs the previous Friday’s finish, which proved to be correct.
U.S. EXPORT SALES
  • For Week Ending 19-12-2019

    2019-2020
    Net Upland Sales 1,35,100
    Upland Shipments 2,02,100
    Net Pima Sales 19,400
    Pima Shipments 8,400
    TOTAL SALES 1,54,500

    2020-2021
    Net Upland Sales -9,300
    Net Pima Sales 0
    TOTAL -9,300
Jernigan Global Weekly 30-Dec-2019
  • HIGHLIGHTS

    1. CHINA & US APPEAR HEADED TOWARD SIGNING OF TRADE AGREEMENT; HUMAN RIGHTS ABUSES IN HONG KONG & XINJIANG IGNORED

    2. INDIAN STYLES COMPETITIVE AS ICE FUTURES RALLY

    3. BRAZIL HOUSEHOLD CONSUMPTION IMPROVES AS CONFIDENCE IS RESTORED UNDER BOLSONARO

    4. ICE FUTURES MOVE HIGHER WITH TRADE SELLING INCREASING
Rose on Cotton
  • FIFTH CONSECUTIVE WEEKLY ADVANCEMENT FOR ICE COTTON, CAN IT CONTINUE?

    30-December-2019

    The Mar contract gained 96 points for the week ending Dec 27, finishing at 68.92 as the Mar – May spread weakened modestly to (116).  This was the Mar contract’s fifth consecutive advancement, with a cumulative win total of 464 points.  Our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to lower Vs the previous Friday’s finish, which proved to be incorrect.
ICE Cotton Update 19-Feb-2020
  • Cotton futures climb

    Cotton futures rose over 1% on Tuesday to scale a more than two-week peak after China said it would give tariff exemptions on imports from United States to fulfill trade-deal commitments. Cotton contracts for May rose 0.73 cent, or 1.1%, to 69.14 cents per lb by 01:37 p.m. EST (1837 GMT).
Thompson on Cotton
  • Optimism Abounds But Be Cautious, Too

    January 2, 2020
    By Jeff Thompson, Autauga Quality Cotton Association

    Cotton prices remain in an uptrend dating back to late August. From nearly triggering a POP payment at 58.83, March futures has clawed its way back to a New Year’s Eve close of 69.05.

    *Read Full Report in PDF*
PLEXUS Market Comments
  • 02-Jan-2020

    *So where do we go from here?*

    Speculative buying has forced the cotton market higher and with the exuberant mood prevailing in the financial world there is no end to this buying spree in sight. It therefore seems to be only a matter of time until the market moves past the 70 cents level.

    *Read Full Report in PDF*
Cleveland On Cotton
  • Time to Move Higher

    January 3, 2020

    Cotton’s 2020 year begins with a bullish tone and with strong upside fundamental potential compared to 2019. The little bull has its legs and has demonstrated some flair with a current seven-month high in prices.

    It is time to continue north to higher prices. Let’s review some of the Bullish and Bearish factors facing 2020. Granted, I will miss some.
PCCA Cotton Market Weekly
  • JANUARY 3, 2020

    MARCH FUTURES FINISH THE WEEK HIGHER

    • Export Sales Rebound
    • Markets Rattled by U.S. Strike
    • Traders Watching International Developments
    • WASDE Report to be Released Next Week
U.S. EXPORT SALES
  • For Week Ending 26-12-2019

    2019-2020
    Net Upland Sales 2,46,100
    Upland Shipments 2,24,500
    Net Pima Sales 15,200
    Pima Shipments 6,300
    TOTAL SALES 2,61,300

    2020-2021
    Net Upland Sales 19,400
    Net Pima Sales 900
    TOTAL 20,300
Rose on Cotton
  • MAR CONTRACT CONTINUES TO THREATEN BREAK ABOVE 70.00; CAN DEC BREAK 75.00 BEFORE SPRING?

    January 06, 2020

    The Mar contract picked up 28 points for the week ending Jan 3, finishing at 69.20, with the Mar – May spread effectively unchanged Vs the previous week at (118). Our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to lower Vs the previous Friday’s finish, which proved to be correct – depending on one’s definitions of “near unchanged”.
Jernigan Global Weekly 06-Jan-2020
  • HIGHLIGHTS

    1. AUSTRALIA IN CRISIS AS BRUSH FIRES THREATEN NATION; COTTON CROP SHRINKS AMID NO WATER POLICY

    2. CHINA’S DOMESTIC PRICES RALLY/DEMAND SLOWS

    3. 2020/2021 FUTURES RALLY FOLLOWING FIRST US NEW CROP PLANTING INTENTIONS SURVEY

    4. INDIAN STYLES BEGIN TO MOVE TO EXPORT

    5. ICE FUTURES STAGNATE AS ZCE PRICES LEAD THE RALLY
Plexus Market Comments 09 Jan
  • So where do we go from here?

    Speculators remain in control for now and the sanguine mood in the financial markets should keep the buying spree going. Speculators are probably only about 2.0-2.5 million bales net long at this point and they certainly have room to expand their position by several million bales. Let’s not forget that it was only 18 months ago when specs were 12.2 million bales net long.
U.S. EXPORT SALES
  • For Week Ending 02-01-2020

    2019-2020
    Net Upland Sales 1,52,000
    Upland Shipments 2,11,400
    Net Pima Sales 5,200
    Pima Shipments 5,400
    TOTAL SALES 1,57,200

    2020-2021
    Net Upland Sales 5,500
    Net Pima Sales 0
    TOTAL 5,500
PCCA Cotton Market Weekly
  • JANUARY 10, 2020

    MARCH FUTURES GAIN 142 POINTS THIS WEEK

    • Trading Volume Heavy
    • U.S./China Deal to be Signed Next Week
    • WASDE Report Released
    • Export Sales Slower
    • Spot Market Prices Higher
Gujcot Weekly Report
  • Market Movement from 06th Jan 2020 to 11th Jan 2020

    • During this week NY March future continuing its bullish momentum on market sentiment moved up from last Friday’s close of 69.20 to 71.31 gaining 211 points and touching 8 months high supported by optimism surrounding the US-China trade deal as the date of signing the Phase one of trade deal is getting closer. Singing in ceremony is scheduled to be held on 15th of January.
Cleveland On Cotton
  • Market Demand Taking Shape

    January 12, 2020

    The cotton bull continues, too young to strut but growing with confidence week after week. It’s likely time for it to stop and check its surroundings now that the December has traded to 72 cents.
Jernigan Global Weekly 13-Jan-2020
  • HIGHLIGHTS

    1. BRAZIL FOB BASIS FIRM DESPITE US/CHINA TRADE DEAL AS RECORD VOLUMES MOVE TO CHINA

    2. CHINA COTTON YARN IMPORT DEMAND EXCEEDS EXPECTATIONS

    3. CHINESE MILLS BELIEVED TO HAVE PURCHASED BLOCK OF INDIAN COTTON AS DISCOUNT EXPANDED

    4. US APPAREL IMPORT DEMAND PLUNGES 9.9% IN NOVEMBER

    5. US/CHINA TRADE DEAL TO BE SIGNED JANUARY 15TH – WILL OUTSTANDING US COTTON SHIPMENTS FINALLY OCCUR?
Rose on Cotton
  • ICE COTTON POSTS STRONG WEEKLY GAINS, WILL IT CONTINUE?

    13-January-2020

    The Mar contract gained 211 points for the week ending Jan 10, finishing at 71.31, with the Mar – May spread effectively unchanged Vs the previous week at (115).  The Dec contract advanced 124 points to settle at 72.48.  Our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to lower Vs the previous Friday’s finish, which proved to be incorrect.
Shurley on Cotton
  • Upward Price Trend But Set Reasonable Marketing Goals

    January 13, 2020

    Old crop March futures closed over 71 cents today — the highest closing daily price in 8 months. How thankful we are as an industry for the recovery we’ve experienced when we once thought all was lost.

    Prices have increased over 10% since the most recent lows at 64 cents and almost 22% since the lows back in late August and early September.
U.S. EXPORT SALES
  • For Week Ending 09-01-2020

    2019-2020
    Net Upland Sales 2,33,000
    Upland Shipments 3,01,700
    Net Pima Sales 34,300
    Pima Shipments 7,700
    TOTAL SALES 2,67,300

    2020-2021
    Net Upland Sales 14,500
    Net Pima Sales 0
    TOTAL 14,500
Plexus Market Comments 16 Jan
  • So where do we go from here?

    The market needed a break after momentum indicators were ‘overbought’ and US cash prices became expensive relative to other origins.

    However, we feel that this is simply a consolidation in an uptrend and not the beginning of a reversal. With the Fed expanding its balance sheet by $400 billion since August, with financial markets still in exuberant mood,
Cleveland On Cotton
  • Become “Somewhat Aggressive” With New-Corp Marketing

    January 17, 2020

    This was a positive week for agriculture. For cotton, closing the week near its daily high is always good, The U.S. and China resolved what was called Phase1of the trade dispute and Congress, after extensive and inexcusable delay, allowed the new NAFTA agreement to become law.
PCCA Cotton Market Weekly
  • JANUARY 17, 2020

    FUTURES UNABLE TO HOLD ON TO NEW HIGHS

    • Spot Market Prices Up at The Seam
    • Trade Deal Signed, Contains Few Surprises
    • Equity Markets Reach New All-Time Highs
    • Export Sales Improve
Rose on Cotton
  • COTTON FUTURES MOVE LOWER ON “BUY THE RUMOR, SELL THE FACT” SCENARIO BUT REBOUND ON FRIDAY

    January 19, 2020

    The Mar contract finished very near unchanged on the week, giving up 6 points and finishing at 71.25, with the Mar – May spread strengthening to (94). The Dec contract gave back 11 points to settle at 72.37. Our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to higher Vs the previous Friday’s finish; the near unchanged part proved correct.
Jernigan Global Weekly 20-Jan-2020
  • HIGHLIGHTS

    1. CHINA UNSOLD COMMERCIAL COTTON INVENTORY AT RECORD AS TRADE DEAL SIGNED

    2. AUSTRALIA: HOPE RETURNS AS RAINS ARRIVE

    3. SUB-SAHARA AFRICA NOW TENTH LARGEST SUPPLIER OF COTTON PRODUCTS TO USA

    4. AFRICAN FRANC ZONE STYLES MOVE TO SPINNERS DESPITE BASIS PREMIUM

    5. TRADE DEAL ALLOWS NEW PIMA EXPORT SALES TO CHINA
Thompson On Cotton
  • Market Direction After Trade Agreement? It Depends

    January 22, 2020

    For nearly two years, we’ve experienced the highs and lows of the trade war between the U.S. and China. Countless times, they’ve appeared at the brink of resolve only to have one side or the other flinch thus prolonging the negotiations.
Plexus Market Comments 23 Jan
  • So where do we go from here?

    We feel that neither speculators nor the trade may have a need or desire to add to their respective positions at this point. With the chart starting to look suspect and the commodity complex underperforming, specs will probably take a backseat for now. Spec buying since early December has been mainly short covering anyway and we don’t expect new spec longs to be rushing in at the moment.
U.S. EXPORT SALES
  • For Week Ending 16-01-2020

    2019-2020
    Net Upland Sales 3,07,700
    Upland Shipments 2,82,600
    Net Pima Sales 20,200
    Pima Shipments 6,500
    TOTAL SALES 3,27,900

    2020-2021
    Net Upland Sales 13,200
    Net Pima Sales 0
    TOTAL 13,200
Cleveland On Cotton
  • China Stalls Even As Prices Slip

    January 24, 2020

    Be careful what you wish for. Actually, I did not wish for a bit of a selloff in the cotton market. Last week I merely indicated that it would be healthy if we had a bit of a selloff this week.

    Oops, the market responded.
PCCA Cotton Market Weekly
  • JANUARY 24, 2020

    OUTBREAK IN CHINA WEIGHS ON COMMODITY MARKETS

    • Cotton Down 19 Points for the Week
    • Equity Markets Post New Highs
    • Weekly Export Sales Higher
    • Traders Still Watching for Chinese Purchases
Rose on Cotton
  • ICE COTTON POSTS TRIPLE DIGIT LOSSES FOR WEEK, INDEX FUND ROLLING LOOMS

    26-January-2020

    The Mar contract gave up 185 points over the holiday-shortened week in volatile and high-volume trading action, finishing at 69.40.  Still, the Mar – May spread strengthened to (80).  The Dec contract lost 180 points to settle at 70.54.  Our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to lower Vs the previous Friday’s finish, which proved correct.
Jernigan Global Weekly 27-Jan-2020
  • HIGHLIGHTS

    1. BANGLADESH RISKS ITS FUTURE WITH AN INCREASED FOCUS ON MAN-MADE FIBER

    2. CHINA’S CORONAVIRUS OUTBREAK SPARKS FEARS OF ECONOMIC IMPACT

    3. CHINESE MILLS REPLACE COTTON WITH POLYESTER DUE TO THE PRICE SPREAD

    4. EXPORTERS TURN MORE AGGRESSIVE ON 2020 BRAZILIAN EXPORT OFFERS

    5. ONCE CHINA’S LARGEST COTTON SPINNER, SHANDONG RUYI IS NOW BLACKLISTED FROM BUYING COTTON
Shurley on Cotton
  • Vague, Distant Visions of 80 Cents?

    January 27, 2020

    Last winter and spring, cotton futures prices were above 75 cents for most of that time and nearer 80 cents.  Some growers took advantage and priced a portion of expected 2019 production.  Some growers did not and, hindsight being 20/20, there’s not a grower out there who now doesn’t wish he/she had done more.
U.S. EXPORT SALES
  • For Week Ending 23-01-2020

    2019-2020
    Net Upland Sales 3,47,100
    Upland Shipments 3,27,100
    Net Pima Sales 15,800
    Pima Shipments 12,900
    TOTAL SALES 3,62,900

    2020-2021
    Net Upland Sales 50,200
    Net Pima Sales 0
    TOTAL 50,200
Plexus Market Comments 30 Jan
  • So where do we go from here?

    As outlined above, speculators are currently on the sidelines, which leaves the trade in charge. Mills will fix on dips and buy additional supplies from merchants, which is going to reduce the amount of current crop shorts needed.
Cleveland On Cotton
  • Don’t Give Up On Low to Mid-70s

    January 31, 2020

    The cotton market is heavily infected with the coronavirus and suffered all week, with the nearby March falling below 68 cents. The near 400-point drop in price since word of the Chinese outbreak is showing signs that more losses are in store for the market.
PCCA Cotton Market Weekly
  • JANUARY 31, 2020

    FUTURES ON A VOLATILE RIDE

    • Open Interest Increases
    • Weekly Export Sales Reach a Marketing Year High
    • A Tough Week for Global Markets
    • Traders Worry About Damage to China’s Economy
Rose on Cotton
  • AN UGLY WEEK FOR THE COTTON MARKET, WILL IT CONTINUE?

    02-February-2020

    It was an ugly week for the cotton market, with the ICE Mar contract giving up 190 points, settling at 67.50. Still, the Mar – May spread was near unchanged (and at less than full carry) at (81). The Dec contract lost 181 points to settle at 68.73. The Mar contract was set back 155 points for the month of January.
Jernigan Global Weekly 03-Feb-2020
  • HIGHLIGHTS

    1. WHO DECLARES GLOBAL HEALTH EMERGENCY: CHINA PARALYZED BY CORONAVIRUS CHINA EXPERIENCES A “CHERNOBYL MOMENT”

    2. AUSTRALIA EXPERIENCES A BIG WET IN NORTHERN QUEENSLAND AND LIGHTER RAINS IN THE COTTON BELT

    3. AFRICAN FRANC ZONE CFR BASIS LEVELS REMAIN FIRM

    4. GLOBAL COTTON DEMAND DRIVEN BY NON-CHINESE SPINNERS

    5. INDIAN EXPORT PRICES REMAIN COMPETITIVE AS CHINA SHIPMENTS ARE IN DOUBT
U.S. EXPORT SALES
  • For Week Ending 30-01-2020

    2019-2020
    Net Upland Sales 3,32,200
    Upland Shipments 4,18,800
    Net Pima Sales 5,500
    Pima Shipments 5,700
    TOTAL SALES 3,37,700

    2020-2021
    Net Upland Sales 4,800
    Net Pima Sales 0
    TOTAL 4,800
Plexus Market Comments 06 Feb
  • So where do we go from here?

    There is good support in the cash market, but the technical picture has suffered some damage. However, speculators seem to give the market the benefit of the doubt and as long as the 200-day moving average holds, they may stay on the sidelines.
Cleveland On Cotton
  • Virus Remains The Main Influence, Bullish News Aside
    February 14, 2020

    Cotton prices came under pressure after old crop futures traded up to 70 cents at midweek. Despite exceptional export sales and shipments, world concerns of China’s inability to control the coronavirus pressured the market the remainder of the week
PCCA Cotton Market Weekly
  • FEBRUARY 7, 2020

    MARKET DECLINES WHILE TRADING VOLUMES REMAIN HIGH

    • Open Interest Falls for First Time in Eight Weeks
    • Coronavirus Impact on Chinese Economy and Cotton Market Continues
    • End of Impeachment Trial Positively Affects Market
    • WASDE Report Release Tuesday, February 11
Rose on Cotton
  • ICE COTTON FINISHES NEAR UNCHANGED ON WEEK AS COMPETING FACTORS SUPPORT/CAP MARKET

    February 08, 2020

    The ICE Mar contract held its own for the week, picking up 25 points to finish at 67.75. The Mar – May spread strengthened noticeably at (39), which is well below full carry. The Dec contract gained 13 points, settling at 68.86. Our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to higher Vs the previous Friday’s finish, which proved to be correct.
Jernigan Global Weekly 10-Feb-2020
  • HIGHLIGHTS

    1. BRAZIL EXPORT SHIPMENTS REACH RECORD IN JANUARY/INFRASTRUCTURE PERFORMS

    2. CHINA COTTON USE SET TO TAKE MAJOR HIT FROM ECONOMIC SLOWDOWN

    3. COULD CORONAVIRUS REDUCE EASTERN CHINESE COTTON ACREAGE?

    4. ADDITIONAL AUSTRALIAN RAIN ARRIVES BUT DISAPPOINTS INLAND

    5. HIGH END APPAREL AND FASHION STORES SUFFER MAJOR ECONOMIC HIT IN CHINA
USDA- WASDE Report
  • February-2020

    COTTON: The U.S. cotton estimates for 2019/20 are unchanged, except for a 1 cent-perpound reduction in the season-average upland farm price, to 62 cents, 8.3 cents lower than in 2018/19.

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%.    

U.S. EXPORT SALES
  • For Week Ending 06-02-2020

    2019-2020
    Net Upland Sales 3,50,900
    Upland Shipments 4,00,500
    Net Pima Sales 10,900
    Pima Shipments 7,400
    TOTAL SALES 3,61,800

    2020-2021
    Net Upland Sales 57,300
    Net Pima Sales 0
    TOTAL 57,300
Plexus Market Comments 13 Feb
  • So where do we go from here?

    Not much has changed from what we stated last week. We still feel that the trade is currently in charge of the market and that over the coming four months it will be a net buyer of March, May and July futures, as open on-call business gets fixed and merchants sell remaining basis-long positions. New net shorts will only be added in new crop as growers are starting to protect their upcoming crop.
PCCA Cotton Market Weekly
  • *CORONAVIRUS EFFECTS LINGER ON MARKET WHILE EXPORT SALES INCREASE*

    • Higher Counts of Coronavirus in China Lead to Market Slip

    • WASDE Revisions Plentiful Outside U.S.

    • Export Sales Hit Marketing Year High

    • RMA Insurance Price Updates

    *Read Full Report in PDF*
ROSE ON COTTON 16-FEB-2020
  • ICE COTTON FINISHES NEAR UNCHANGED ON WEEK ON BULLISH EXPORT AND BEARISH WASDE REPORTS; NCC PROJECTS LOWER PLANTED AREA VS 2019

    ICE cotton contracts finished mixed for the week ending Valentine’s Day with Mar giving up 34 points and May and Dec picking up 27 and 20 points, respectively. The Mar – May spread was near unchanged (at less than full carry) at (88).
Jernigan Global Weekly 17-Feb-2020
  • HIGHLIGHTS

    ELS DEMAND FALLS!
    WHAT HAPPENED TO CHINESE DEMAND? WILL UPLAND HIGH GRADE DEMAND BE IMPACTED?

    THE BIG WET CONTINUES RAISING HOPES OF A MUCH LARGER 2021 AUSTRALIAN COTTON CROP

    VIETNAM COTTON INVENTORIES REMAIN TIGHT, MAINTAINING IMPORT DEMAND

    USDA RAISES WORLD ENDING STOCKS OUTSIDE CHINA; INDIAN STOCKS REMAIN OVERESTIMATED

    INDIAN DOMESTIC PRICES CONTINUE TO BE SUPPORTED BY CCI BUYING
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.