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-Sep-2020
  • Cotton Settles Lower

    Cotton Settles Lower, Technical Selling

    December Cotton ended Friday down 0.50 cent as some disappointed speculators liquidated positions. This week the market saw a disruptive hurricane, plus super positive sales, but could not make bullish headway. Thus, the disappointment turned into selling. Additionally, with the U.S.-China relations seemingly on the rocks, some traders were unwilling to take long positions into the weekend.
Cotton Indices and Spot Rate As on 15-Sep-2020
  • Brazil Cotton Index 58.62 -0.20%

    US Upland Spot Rate 60.18 -0.07

    Cotlook A Index 72.10 +1.60

    MCX Spot Rate 17,300 +80

    China Cotton Index
    As on 16-Sep-2020

    CC Index 3128 12758 +76
    CC Index 2127 11778 +96
    CC Index 2129 13078 +72
Exchange Stock Position
  • NCDEX KHAL As on 17-Sep-2020

    Cotton Seed Oil Cake Stock
    Unencumbered = 7,281 MT
    Pledged = 00 MT
    QTY in Process = 00 MT

    MCX Cotton As on 16-Sep-2020

    Total Utilized Capacity =9,325 Bales
    Eligible for Exchange Delivery = 0 Bales
    Quantity in Process = 00 Bales
    Rejected Stocks = 500 Bales
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 17-Sep-2020
  • ICE Cotton futures fall as Sally induced crop damage worries ease

    ICE cotton futures fell on Thursday, as worries about a potential crop damage from Hurricane Sally decreased, while weaker exports further weighed on the prices of the natural fiber.

    Cotton contracts for December fell 0.28 cent, or 0.4%, at 66.09 cents per lb by 12:34 p.m. EDT (1634 GMT). It traded within a range of 65.64 and 66.55 cents a lb.
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.

USDA - WASDE
  • Aug-2020

    This month’s 2020/21 U.S. cotton outlook includes higher beginning stocks, production, and ending stocks, and a decline in consumption. Production for the 2020 crop is raised 3 percent to 18.1 million bales, on NASS’s first survey-based production forecast. The survey indicates lower harvested area and higher yield compared with last month’s expectations.  Abandonment is expected to rise to 24 percent—compared with 16 percent in 2019.
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.

Jernigan Global Weekly 24-Aug-2020
  • 1. US BIG BOX RETAILERS’ SALES SURGE WHILE APPAREL RETAILERS SUFFER

    2. BAD NEWS FOR COTTON AS ENVIRONMENTAL MESSAGE NOT BEING TOLD

    3. NEW SHOCKING EVIDENCE THAT PLASTIC MICRO AND NANO FIBERS ACCUMULATE IN HUMAN ORGANS

    4. PAKISTAN TEXTILE AND APPAREL EXPORTS RETURN TO GROWTH

    5. WILL CHINESE DEMAND FOR AUSTRALIAN COTTON REBOUND IN 2020/2021?
Shurley on Cotton
  • A Run We’ve Waited For

    August 25, 2020

    Dec20 futures knocked on the door of 66 cents (closed at 65.82 cents per lb) today—the highest daily close in 6 months. Dec gained 1.43 cents last week on weather concerns and a good export report and gained another 1.54 cents today.
U.S. EXPORT SALES
  • For Week Ending 20-08-2020

    2020-2021
    Net Upland Sales 1,56,600
    Upland Shipments 2,77,500
    Net Pima Sales 12,600
    Pima Shipments 10,200
    TOTAL SALES 1,69,200

    2020-2021
    Net Upland Sales 7,900
    Net Pima Sales 0
    TOTAL 7,900
Plexus Market Comments 27 Aug
  • So where do we go from here?

    Two tropical systems caused the market to trade in typical ‘buy the rumor – sell the fact’ fashion this week, and now that the storms are gone without inflicting much harm, we might see prices pull back some more from here.
Cleveland On Cotton
  • With China’s Realignment, Better Times Ahead?

    August 28, 2020

    Flip Flop!! The opening sentence last week was, “The Big Bear.” Finally, I am happy again. The Big Bull.

    Prices are going up and 2021 plantings are going up. While near-term fundamentals remain bearish, a bull beginning to grow, and he will reach maturity.
PCCA Cotton Market Weekly
  • AUGUST 28, 2020

    FUTURES RALLIED TO FRESH SIX-MONTH HIGH THIS WEEK

    • Continuing Jobless Claims Fell About 300,000 to 14.5 Million
    • Texas and Oklahoma Crop Conditions Slipped Sharply This Week
    • Assessing Damage from Hurricane Laura

    Futures rallied to a fresh six-month high this week. Last Friday’s trading range was one of the smallest ranges in several weeks, but Monday made up for it. December futures surged as the market grappled with the possibility of two hurricanes in the Gulf of Mexico at the same time.
ROSE ON COTTON
  • COTTON MARKET SETTLES HIGHER ON WEEK, BUT HURRICANES LOOK LIKE ANOTHER “BUY-THE-RUMOR, SELL-THE-FACT” EVENT

    August 31, 2020

    The ICE Dec cotton contract picked up 80 points for the week ending Aug 28, finishing at 65.08 even as the contract breached the 66.00 level over the course of the week. The Dec – Mar switch was strengthened a bit at (85).
Thompson On Cotton
  • China Commodity Buying Works Against Cotton

    August 31, 2020

    Growers were greeted this past week with an excellent pricing opportunity, whether it was for old crop or those looking to forward price new crop. Following a jump in the LDP to 340 points, the December futures contract closed above 66 cents on Tuesday before ending the week at 65.08.
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.
U.S. EXPORT SALES
  • For Week Ending 27-08-2020

    2020-2021
    Net Upland Sales 1,31,500
    Upland Shipments 2,73,900
    Net Pima Sales 17,300
    Pima Shipments 12,100
    TOTAL SALES 1,48,800

    2020-2021
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 0
Plexus Market Comments 03 Sep
  • So where do we go from here?

    Spec and index fund buying has been propping the market up, but trade selling has capped the rally near 66 cents and forced a retreat. With outside markets looking shaky at the moment, we don’t expect specs to chase cotton prices higher at this point.

    Support is most likely going to come from scale-down fixation buying, but this could change if outside markets were to switch into ‘risk off’ mode.
Shurley on Cotton
  • Again Pushing 66 Cents

    September 4, 2020

    Once again, cotton is pushing 66 cents. Prices (Dec futures) have not been able to successfully break (close above) 66 cents although trying a few times recently. Dec gained 58 points last week and thus far is up another 148 points this week (thru Tuesday, September 1)—closing at 66.34 cents today.

    Prices have made a steady but choppy trend up since early April. August was a good month—Dec futures gaining 335 points during the month.
PCCA Cotton Market Weekly
  • SEPTEMBER 4, 2020

    OPEN INTEREST SETS MOST RECENT HIGH SINCE MARCH

    • Prices Unable to Hold Gains This Week
    • Continuing Jobless Claims Decreased by 1.24 Million
    • China is Week’s Top Buyer of U.S. Cotton
    • More Rain Forecasted, but Uncertain
Thompson On Cotton
  • Where Does The Market Go From Here?

    September 7, 2020

    Active trading last week led to a great deal of price volatility. After surpassing 66 cents early, it yielded to signs economic recovery may be progressing at a slower pace than hoped.
Rose on Cotton
  • COTTON MARKET SETTLES EFFECTIVELY UNCHANGED ON WEEK; SEPTEMBER WASDE RELEASE ON FRIDAY

    September 07, 2020

    The ICE Dec cotton contract gave up 9 points for the week ending Sept 4, finishing at 64.99. The Dec – Mar switch weakened (98) but remains well below full carry. Last weekend, our proprietary model (timely results provided in our complete weekly report) predicted a finish that would be near unchanged to lower Vs the previous Friday’s settlement, which proved to be correct.
Shurley on Cotton
  • Is The Market Tapped Out?

    September 8, 2020

    Cotton prices are once again looking vulnerable and on an uncertain path to who knows where. Dec futures closed down 97 points today after pretty much treading water last week thanks to a good day on Friday. The market all of a sudden looks to have lost some of its upward steam. But, this is the repeating choppy pattern of the past 5 months — make a run then retreat a bit, make another run then retreat a bit, make another run then retreat a bit.
Plexus Market Comments 10 Sep
  • So where do we go from here?

    The market is still devoid of any strong selling, as index funds continue to accumulate longs and the trade is probably going to transition to a net buyer of futures once the crops are in. This leaves only speculators as strong potential sellers.
U.S. EXPORT SALES
  • For Week Ending 03-09-2020

    2020-2021
    Net Upland Sales 1,26,700
    Upland Shipments 2,30,500
    Net Pima Sales 17,400
    Pima Shipments 10,700
    TOTAL SALES 1,44,100

    2020-2021
    Net Upland Sales 70,400
    Net Pima Sales 700
    TOTAL 71,100
USDA - WASDE
  • WASDE - Sept-2020

    The 2020/21 U.S. cotton estimates include slightly higher beginning stocks relative to last month but lower production, mill use, exports, and ending stocks. Production is lowered 1.0 million bales to 17.1 million, with a lower projection for every region. Mill use is projected 200,000 bales lower this month, but compared with its revised 2019/20 level is still expected to rise 16 percent. Exports and ending stocks are 400,000 bales lower, reflecting reduced U.S. supply and stronger foreign competition.
PCCA Cotton Market Weekly
  • SEPTEMBER 11, 2020

    DECEMBER FUTURES SETTLE UP AT END OF SHORTENED TRADING WEEK

    • Export Sales Report Continued Previous Months’ Pattern
    • USDA Cut U.S. Production Estimate in WASDE Report
    • Possible Effects of Recent Weather Front of Mind
Jernigan Global Weekly 14-Sep-2020
  • 1. US COTTON FABRIC CAPACITY AT CRITICAL LEVELS - THE FUTURE OF US COTTON CONSUMPTION DEPENDS ON IT

    2. BRAZILIAN COTTON DOMINATES ALL NON-CHINESE MARKETS

    3. MEXICO US COTTON IMPORT PURCHASES ALREADY EXCEED TOTAL SEASON IMPORT ESTIMATES

    4. INDIA CCI OFFERING PRICES HOLD FIRM

    5. CHINA RESERVE PURCHASES OF US COTTON CONTINUE
ROSE ON COTTON
  • COTTON MARKET SETTLES EFFECTIVELY UNCHANGED FOR SECOND CONSECUTIVE WEEK; SALLY CHURNING IN THE GULF

    September 14, 2020

    The ICE Dec cotton contract gave up 18 points for the week ending Sept 11 finishing at 64.81; the Dec – Mar switch was effectively unchanged at (97). Last weekend, our proprietary model (timely results provided in our complete weekly report) predicted a finish that would be near unchanged to lower Vs the previous Friday’s settlement, which proved to be correct,
Cleveland On Cotton
  • An Upward Turn In November?

    USDA rewarded my two-week-old price flip-flop with Friday’s release of its September world supply demand report. While both world and U.S. stocks were lowered, the reductions came from the supply side of the price equation.
Thompson On Cotton
  • Demand On The Verge Of Recovery?

    September 14, 2020

    Like a prizefighter with a cast iron jaw, the cotton market has taken punch after punch in recent weeks but still have come off the ropes swinging. Since April, every 2- or 3-cent gain has been followed by a 1- or 1.5-cent decline.
Shurley on Cotton
  • Sept. Crop Numbers Should Help Prices, But…

    September 14, 2020

    Adjustments were made today that should be favorable for prices. USDA has now moved closer to what the “boots on the ground” have said along. This should help provide support for the market.
U.S. EXPORT SALES
  • For Week Ending 10-09-2020

    2020-2021
    Net Upland Sales 5,19,600
    Upland Shipments 1,87,900
    Net Pima Sales 28,000
    Pima Shipments 16,500
    TOTAL SALES 5,47,600

    2021-2022
    Net Upland Sales 0
    Net Pima Sales 0
    TOTAL 0
Cleveland On Cotton
  • A Short-Term Opportunity Thanks To European Consumers?

    September 18, 2020

    After assessing limited damage resulting from Hurricane Sally, cotton prices eased slightly lower in Friday trading, settling the week at 65.66, basis December.

    Significant damage occurred only in south Alabama but did sweep across the entire state and into a portion of Georgia. However, the very significant Southwest Georgia crop was generally spared.
Shurley on Cotton
  • Hurricane Sally Apparently Not a Market Mover

    September 18, 2020

    I knew we were possibly in for disappointment price-wise when I read a pre-landfall news headline that said that the market was “mulling” Hurricane Sally. In other words, not sure of what the impacts, if any, might be.
PCCA Cotton Market Weekly
  • SEPTEMBER 18, 2020

    FUTURES PUT IN STRONG SHOWING THIS WEEK

    • Stocks Traded in Calm, Two-Sided Fashion
    • Export Sales Report Showed Impressive New Upland and Pima Sales
    • Hurricane Sally Hit Alabama-Florida Border Coast