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.
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.
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
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

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.
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
Jerningan Global News Letter 15-Nov-2021

  • 1. INDIA DIWALI & RECORD COTTON PRICES ADD TO GLOBAL GROWTH PROSPECTS

    2. US CFR BASIS LEVELS REACH NEW EXTREMES: ARE THEY PEAKING? IS A E/MOT M 1 1/8 WORTH 2100 ON?
Shurley on Cotton
  • Fundamentals Provide Reason For New Hope, Support

    December 10, 2021

    Uncertainty and panic over the OMICRON variant caused the cotton market, along with many other commodities, to drop significantly in price over the past 2 weeks.
ICE Cotton Update
  • Cotton set for best week in over 2 – months on strong export sales data

    ICE cotton futures rose 3% on Friday and were headed for their best week in more than two months, supported by strong U.S. export numbers and on hopes of an uptick in demand from top consumer China.
Monthly Rate Movement Report January– 2022
  • Monthly Rate Movement Report January– 2022

    • 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

    We hope it will be useful to all the stake holders of Textile Value Chain.
Gujcot Monthly Rate Movement Report – Oct 2022
  • • October was month of continuous down trend. NY December future lost about 1300 points during the month. USDA WASDE was bearish. USDA reduced world consumption by 3 million bales so world ending stock was also up by 3 million bales. Recession fear in Europe and America has created downward sentiment.

    • US Export sales was poor also some cancellation from China reason for downtrend. But US is well committed to reach USDA export target.
PLEXUS Market Comments
  • So where do we go from here?

    The lack of demand is clearly a problem at the moment and as such the WASDE doesn’t reflect the right set of numbers in its balance sheet. While the supply side is now more or less known, the demand side is overstated by several million bales and will have to be adjusted lower over the coming months, which will have a bearish impact.
Gujcot Monthly Rate Movement Report – Nov 2022
  • • November month started with sharp uptrend during the first week. NY Future closed limit up for the first four days in this month and jumped to 87 cents from 72 cents in just one week. There after remained highly volatility during the month.

    • USDA WASDE report was neutral to bearish.
USDA - WASDE
  • Dec-2022

    This month’s 2022/23 U.S. cotton forecasts include higher production and ending stocks but lower mill use and exports. Production is 211,000 bales higher—at 14.2 million bales—mainly due to higher yields in the Delta and Southeast. Mill use is lowered 100,000 bales reflecting reduced spinning levels to date and weaker expectations for future demand. A reduction in expected world demand and trade results in a 250,000-bale decrease for U.S. cotton exports, down to 12.25 million.
DTN Closing Cotton
  • Cotton Ends Higher Monday

    Jul 03, 2023

    The cotton market was somewhat higher Monday, inspired by adverse weather unfolding across the Belt, as well as continued supporters from Friday's acres report.

    The cotton market was somewhat higher Monday, inspired by adverse weather unfolding across the Belt, as well as continued supporters from Friday's acres report.
USDA - WASDE
  • January-2023

    COTTON: This month’s U.S. 2022/23 cotton forecasts include higher production and ending stocks, no change in U.S. mill use, and lower exports. Production is 438,000 bales higher, at 14.7 million, with yield at a record 947 pounds per acre, up 9 percent from the December estimate. Exports are forecast 250,000 bales lower, at 12.0 million, with both projected world trade and the U.S. share slightly lower this month. Ending stocks are up 700,000 bales to 4.2 million, equal to 30 percent of projected use.
USDA - WASDE
  • Feb-2023

    COTTON: The 2022/23 U.S. cotton supply and demand forecasts show slightly lower mill use and higher ending stocks relative to last month, while production and exports are unchanged. The mill use forecast is lowered 100,000 bales to 2.1 million on recent lower rates of monthly utilization. The upland cotton marketing year average price received by producers is projected at 83 cents per pound, unchanged from January.
USDA Prospective Planting 2023
  • All cotton planted area for 2023 is estimated at 11.3 million acres, down 18 percent from last year. Upland area is estimated at 11.1 million acres, down 18 percent from 2022. American Pima area is estimated at 154,000 acres, down 16 percent from 2022.

ICAC April Month Updates
  • Cotton This Month 03 April 2023

    Indian Farmers Might Be Holding Their Cotton but Global Production Remains Stable

    In this edition of Cotton This Month, we will examine the current situation with delayed cotton arrivals in India and how this may affect the global balance sheets in the 2022/23 season.
Cleveland on Cotton 07-Apr-2023
  • Cotton Prices Improve, But Demand Remains Bearish

    Cotton prices surged higher going into the three-day weekend as the Easter holiday gave speculators reason to try the long side of the cotton market once again. In fact, all contracts out to March 2024 settled above 83 cents – a welcome relief not seen in recent weeks.
Shurely on Cotton 19-May-2023
  • Cotton Prices Keep Knocking on the 85 Cents Door

    Since plummeting to the low 70s last fall, new crop December 2023 futures roller-coastered up, then down, then up again to near 86 cents by the end of January. December 2023 has since teetered within a five-cent range of mostly 79 to 84 cents over the past five months.
Cotton Outlook Press Release
  • May 26, 2023

    Cotlook’s May supply and demand forecasts indicate lower consumption and higher world ending stocks for both 2022/23 and 2023/24

    Cotlook’s forecast of global raw cotton output in 2022/23 has been reduced this month, by 69,000 tonnes to 24,852,000 tonnes. Reductions for the African Franc Zone and the United States were partially offset by increases for China and Australia.
ICAC - Cotton This Month June-2023 Update
  • Cotton’s Slow Period Continues... But Planting Decisions Are Coming Soon

    With the current season coming to a close it is time to start shifting our focus to the next season with high hopes and anticipation. Most of the Northern Hemisphere cotton producing countries have started planting, are preparing for planting, or are thinking about planting. Soil moisture is an essential ingredient for a successful planting operation.
Thompson on Cotton
  • Signs a Soft Landing May Be Possible

    July 31, 2023

    December futures string of daily highs ended last week at eight. But not before reaching 88.39 which proved to be a trigger point for grower selling. However, as warned, when riding a wave of spec buying in a market environment with questionable underpinnings a reversal is always lurking. Such was the case on Thursday, when a triple digit selloff all but erased earlier gains. The tipping point being an overbought position, pressure from grower selling, and bleak exports sales.
USDA-WASDE
  • Aug-2023

    COTTON: In this month’s 2023/24 U.S. cotton projections, beginning stocks are larger, and a 2.5- million-bale decrease in production results in lower exports, domestic use, and ending stocks. Beginning stocks are larger as this month’s 2022/23 ending stocks are increased 450,000 bales reflecting slightly lower exports and July 29 warehouse inventory levels in the AMS Bales Made Available for Shipment report.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,86,300
    Upland Shipments 2,02,300
    Net Pima Sales 3,300
    Pima Shipments 3,100
    TOTAL SALES 1,89,600

    2024-2025
    Net Upland Sales 00
    Net Pima Sales 00
    TOTAL 00
PCCA Cotton Market Weekly
  • AUGUST 18, 2023

    THE COTTON MARKET RELINQUISHED GAINS FROM LAST WEEK’S WASDE REPORT

    • Equity Markets Struggled with Mixed Economic Data
    • Surprising Demand from China Found on U.S. Export Sales Report for the Week Ending August 10
    • U.S. Crop Continues to Deteriorate, Stemming from the Southwest
ROSE ON COTTON
  • COTTON MARKET FINISHES WEEK LOWER, DESPITE NUMEROUS BULLISH FACTORS

    Aug 21, 2023

    The market (Mar) lost 427 points last week, finishing at 83.62, with the Dec – Mar spread near flat at 7. Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the previous week’s finish, which proved to be incorrect. The Dec contract experienced only one day of non-negative action last week with its 1-point gain on Friday. Dec has commenced the new week higher.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 38,900
    Upland Shipments 2,04,200
    Net Pima Sales 1,300
    Pima Shipments 9,600
    TOTAL SALES 40,200

    2024-2025
    Net Upland Sales 52,800
    Net Pima Sales 00
    TOTAL 52,800
PCCA Cotton Market Weekly
  • AUGUST 25, 2023

    DECEMBER FUTURES MADE MODEST GAINS FOR THE WEEK ENDING AUGUST 24

    • Equity Markets had a Mixed Week Before Eventually Settling Lower
    • Demand for U.S. Cotton Dismal for Week Ending August 18
    • Deteriorating Crop Condition Continues to Worry Traders
Cleveland on Cotton
  • Analyzing Cotton’s Big Tease

    Aug 28, 2023

    The Big Tease – cotton prices shot higher on the week. Each successive daily close was higher than the prior day’s close. That folks, is the definition of an uptrend. Let’s get excited.

    Too, the market captured the prior week’s losses. Sounds bullish – whatever that word means.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 61,400
    Upland Shipments 2,14,100
    Net Pima Sales 4,600
    Pima Shipments 3,100
    TOTAL SALES 66,000

    2024-2025
    Net Upland Sales 11,000
    Net Pima Sales 00
    TOTAL 11,000
PCCA Cotton Market Weekly
  • SEPTEMBER 1, 2023

    DECEMBER FUTURES FINISHED AUGUST IN THE UPPER END OF RANGE

    • Outside Markets Higher Much of the Week Despite Unclear Economic Outlook
    • U.S. Export Sales Higher for Week Ending August 31, but Demand is Still a Concern
    • Damage to Crop from Hurricane Idalia Will Likely Be Minimal
Cleveland on Cotton 01-Sep-2023
  • Cotton is a Calling

    I was wrong. Again. Last week’s price rally was no tease. This week’s news was real, and particularly good news at that. Cotton had a monumental week, shooting up to 90 cents, basis December and settling at 89.95, the best move in nearly a year. The August USDA world supply demand report set the stage for a price rally into the low 90’s but anemic demand had blocked prices from moving higher.
Thompson on Cotton
  • Music to the Market’s Ears

    September 5, 2023

    Last week was a case of bad news for some was good news to others. Hurricane Idalia was expected to take her Category 3 winds east of all but a small portion of the Georgia crop. Instead, upon landfall it veered slightly northward damaging a much larger expanse of the state’s crop. While abroad, China’s economy has slumped to the point its government announced Friday monetary policies would be instituted in an effort to bolster it.
ROSE ON COTTON
  • COTTON MARKET AGAIN FINISHES WEEK WITH STRONG GAINS

    Sep 05, 2023

    The market gained 264 points last week, finishing at 89.95, with the Dec – Mar inversion expanding modestly to 18. Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the previous week’s finish, which proved to be correct. Dec has commenced the abbreviated week significantly lower.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 85,100
    Upland Shipments 1,75,400
    Net Pima Sales 2,800
    Pima Shipments 4,400
    TOTAL SALES 87,900

    2024-2025
    Net Upland Sales 6,600
    Net Pima Sales 00
    TOTAL 6,600
Cleveland on Cotton
  • Keep An Eye on Cotton Prices and USDA September Report

    Sep 08, 2023

    December cotton futures lost all of last week’s price gains and then some, falling below 85 cents before correcting and positioning itself before making a run to the upper end of the trading range. Speculators were credited with the prior week’s run up and their associated profit taking, and the continuation of poor demand and weak economic indicators led the retreat to the 85-cent level.
PCCA Cotton Market Weekly
  • SEPTEMBER 8, 2023

    DECEMBER FUTURES REACHED HIGHEST LEVEL IN A YEAR BEFORE TURNING LOWER TO FINISH THE WEEK

    • Crude Oil Prices Reached Highest Level in 2023
    • Delayed U.S. Export Sales Report Held Higher than Expected Demand for U.S. Cotton
    • Crop Conditions Basically Unchanged from Week Prior
USDA-WASDE
  • Sep-2023

    COTTON: The 2023/24 U.S. cotton projections include higher beginning stocks but lower production, exports, and ending stocks. Beginning stocks are increased 550,000 bales, largely reflecting ending stocks data for the previous year from the Agricultural Marketing Service and the NASS Cotton System Consumption and Stocks report.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 67,500
    Upland Shipments 1,18,200
    Net Pima Sales 1,000
    Pima Shipments 7,500
    TOTAL SALES 68,500

    2024-2025
    Net Upland Sales 25,300
    Net Pima Sales 00
    TOTAL 25,300
Cleveland on Cotton
  • Stagnant Demand Continues to Suppress Cotton Market

    Sep 15, 2023

    Certificated stocks are coming to the Board. So what? Who cares?

    Better care!!

    It means that someone believes the best market for cotton is the futures market delivery mechanism. If delivery against futures is the best market for stocks, then it means the cash market does not want/need cotton. Of significant importance is that stocks are being moved to a privately-owned warehouse as opposed to a merchant/cooperative warehouse.
PCCA Cotton Market Weekly
  • SEPTEMBER 15, 2023

    DECEMBER FUTURES TRADED HIGHER FOR THE MAJORITY OF THE WEEK

    • Strong Economic Data Has Many Betting Another Pause in Interest Rates Will Occur
    • U.S. Production Cut to 13.13 million Bales
    • Demand for U.S. Cotton Remains Tepid
    • Only 29% of the Cotton Crop in the U.S. is Rated Good to Excellent
Thompson On Cotton
  • Inflation Doesn’t Seem To Be Cooling Down

    September 19, 2023

    We entered last week expecting a great deal of market volatility as a host of fundamental and macroeconomic reports were scheduled for release. So it was, after advancing over 200 points ahead of the September WASDE it fell prey to the old buy the rumor, sell the fact idiom. Thus, giving back nearly all these gains to close Friday at 86.44, for a paltry gain of 53 points on the week.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,05,800
    Upland Shipments 1,50,700
    Net Pima Sales 800
    Pima Shipments 2,000
    TOTAL SALES 1,06,600

    2024-2025
    Net Upland Sales 5,100
    Net Pima Sales 00
    TOTAL 5,100
Cleveland on Cotton
  • It’s a Wishy-Washy, Back-and-Fill Cotton Market

    Sep 22, 2023

    Certificated stocks continue to flock to the Board, implying that the best market for U.S. cotton is delivery against the New York ICE futures contract. More troubling for those wishing – and hoping – for higher prices is that futures prices above 87 cents are better than the price offered by mills.
PCCA Cotton Market Weekly
  • SEPTEMBER 22, 2023

    DECEMBER FUTURES TRADED SIDEWAYS MOST OF THE WEEK

    • Fed Held Interest Rates Steady at September Meeting
    • A Net Total of 105,400 Upland Bales and 800 Pima Bales were Sold for the Week Ending September 14
    • Above Average Temperatures and Precipitation Expected in the Week Ahead
ROSE ON COTTON
  • COTTON MARKET FINISHES WASDE WEEK MODESTLY HIGHER

    Sep 25, 2023

    Dec cotton futures gave up 53 points on the week (the very same 53 points it gained last week) finishing at 85.91, with the Dec – Mar spread strengthening a bit to (84). Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the previous week’s finish, which proved to be correct. Dec has commenced the new week notably higher.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 55,300
    Upland Shipments 1,59,400
    Net Pima Sales 15,600
    Pima Shipments 2,100
    TOTAL SALES 70,900

    2024-2025
    Net Upland Sales 11,000
    Net Pima Sales 00
    TOTAL 11,000
Cleveland on Cotton
  • Cotton’s Tight Price Range Faces Little Pressure to Change

    Sep 29, 2023

    This week’s cotton rally was technical based. Fundamentals have essentially prohibited the market from moving above the 90-cent mark, a resistance level that has withstood four challenges. The resistance line is neither battered nor bruised, but eventually a door that is continually kicked will break.
PCCA Cotton Market Weekly
  • SEPTEMBER 29, 2023

    DECEMBER FUTURES FINISHED HIGHER FOUR OUT OF FIVE TRADING SESSIONS

    • Major Indexes were Mixed and Crude Oil Reached a 13-Month High
    • Market Ignored Poor Export Sales for Week Ending September 21
    • As of September 24, 13% of the U.S. Crop has been Harvested
Thompson On Cotton
  • Trading Off Fundamentals

    October 3, 2023

    For the past three months cotton prices have traded in a range from 85 to 90 cents. Last week proved no exception. After prices fell to 85 cents, last week mill fixations and spec buying drove prices to a three-week high of 89.89. Unfortunately, ninety cents again proved insurmountable as grower hedging forced prices lower closing Friday at 87.15 for a weekly gain of 124 points. Such an advance with a government shutdown all but certain was very impressive.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,40,000
    Upland Shipments 1,49,600
    Net Pima Sales 4,800
    Pima Shipments 5,100
    TOTAL SALES 2,44,800

    2024-2025
    Net Upland Sales 2,200
    Net Pima Sales 00
    TOTAL 2,200
Cleveland on Cotton
  • Can the 90-Cent Cotton Market Barrier Be Breached?

    Oct 06, 2023

    Cotton prices fell below 87 cents on the week but quickly rallied, yet they were unable to trade up to 88 cents. Thus, after last week’s rally above 89 cents, the market fell back into another protracted line of back-and-fill trading.

    The 90-cent technical resistance barrier continues to be “A Bridge Too Far.”
PCCA Cotton Market Weekly
  • OCTOBER 6, 2023

    DECEMBER FUTURES FOLLOWED OUTSIDE MARKETS FOR THE WEEK ENDING OCTOBER 5

    • Slew of Activity Caused Major Indexes to be Mixed
    • Healthy Demand for U.S. Cotton Reported for Week Ending September 28
    • As of October 2, 18% of the U.S. Crop has been Harvested
Thompson On Cotton
  • Encouraging

    October 9, 2023

    Encouraging best describes the way cotton prices withstood last week’s onslaught of poor economic news. Its underlying strength was found in a shrinking crop. With eighteen percent of the U.S. crop now harvested less than favorable yields are fast becoming a reality. Traders weighing short supplies versus dismal demand are desperately seeking confirmation.
USDA-WASDE
  • Oct-2023

    COTTON: The 2023/24 U.S. cotton supply and demand estimates show lower production, exports, and ending stocks compared with last month. Production is 315,000 bales lower at 12.8 million bales, down 2 percent from a month earlier as lower yields in Texas offset gains elsewhere. With production projected lower and exports down 100,000 bales to 12.2 million, ending stocks are reduced 200,000 bales.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 43,400
    Upland Shipments 1,04,000
    Net Pima Sales 2,500
    Pima Shipments 3,400
    TOTAL SALES 45,900

    2024-2025
    Net Upland Sales 00
    Net Pima Sales 00
    TOTAL 00
PCCA Cotton Market Weekly
  • OCTOBER 13, 2023

    DECEMBER FUTURES FELL TO LOWER END OF TRADING RANGE, SETTLING LOWER FOR FOUR CONSECUTIVE SESSIONS

    • CPI Marginally Higher than Expected, Increasing 0.4% in September
    • U.S. Total Cotton Production Expected to be 12.817 Million Bales
    • Weak Sales and Poor Shipments Reported for Week Ending October 5
    • Favorable Harvest Weather Expected Across West Texas, Oklahoma, and Kansas in the Coming Week
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 71,300
    Upland Shipments 1,09,900
    Net Pima Sales 7,200
    Pima Shipments 1,000
    TOTAL SALES 78,500

    2024-2025
    Net Upland Sales 7,500
    Net Pima Sales 00
    TOTAL 7,500
PCCA Cotton Market Weekly
  • OCTOBER 20, 2023

    DECEMBER FUTURES FELL BELOW RECENT LONG-TERM TRADING RANGE FOR THE WEEK ENDING OCTOBER 19

    • U.S. Retail Sales Higher than Expected, but Clothing Sales Declined, Adding Pressure to Cotton Prices
    • Lackluster Demand for U.S. Cotton Reported for Week Ending October 12
    • Favorable Harvest Weather Set to Continue in Upcoming Week
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,86,100
    Upland Shipments 98,000
    Net Pima Sales 14,100
    Pima Shipments 4,400
    TOTAL SALES 2,00,200

    2024-2025
    Net Upland Sales 00
    Net Pima Sales 00
    TOTAL 00
Cleveland on Cotton
  • Positive Week for Cotton, But Beware Growing Consumer Stress

    Oct 27, 2023

    Cotton prices were down two of the five trading days this week but still closed on the positive side of the 9-, 100-, and 200-day support lines. December did settle 198 points higher on the week – a real market winner compared to the Dow, NASDAQ, and Russell 2000. December futures ended the week at 84.38, but down 21 points in Friday’s trading but up 198 points on the week.
PCCA Cotton Market Weekly
  • OCTOBER 27, 2023

    DECEMBER FUTURES FELL BELOW RECENT LONG-TERM TRADING RANGE FOR MOST OF THE WEEK ENDING OCTOBER 27

    • U.S. GDP Surged in Third Quarter, Beating Market Expectations
    • An Uptick in Demand for U.S. Cotton Reported for Week Ending October 19
    • Adverse Weather in Coming Week Could Hinder Harvest Activities Across Texas, Oklahoma, and Kansas
U. S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 4,57,200
    Upland Shipments 1,32,200
    Net Pima Sales 25,800
    Pima Shipments 2,600
    TOTAL SALES 4,83,000

    2024-2025
    Net Upland Sales 87,800
    Net Pima Sales 00
    TOTAL 87,800
PCCA Cotton Market Weekly
  • NOVEMBER 3, 2023

    DECEMBER FUTURES SETTLED BELOW 80.00 CENTS PER POUND FOR WEEK ENDING NOVEMBER 2

    • Stock Market Finished Higher after the Federal Open Markets Committee Held Interest Rates Steady
    • Marketing Year High Reached in Both Upland and Pima Sales for the Week Ending October 26
    • Hard Freeze and Wet Weather Stalled Harvest, but Warmer Temperatures Expected in Week to Come
Thompson On Cotton
  • What Is Really Influencing the Market?

    November 6, 2023

    After months of repeated challenges, our biggest fear was market support in the low 80’s would break. How appropriate it would do so Halloween week. It appears sellers were spooked by frightful technical signals and a geopolitical environment which could have horrific consequences. As a result, after three consecutive days of triple digit losses the market closed below 80 cents for the first time since June.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 3,95,200
    Upland Shipments 90,600
    Net Pima Sales 20,300
    Pima Shipments 4,000
    TOTAL SALES 4,15,500

    2024-2025
    Net Upland Sales 44,500
    Net Pima Sales 00
    TOTAL 44,500
USDA-WASDE
  • Nov-2023

    COTTON: The 2023/24 U.S. cotton balance sheet shows slightly lower consumption but higher production and ending stocks this month. Production is 273,000 bales higher, at 13.1 million bales, as lower production in Texas is more than offset elsewhere. Domestic mill use is 100,000 bales lower, reflecting the pace of recent consumption, and exports are unchanged, leaving ending stocks 400,000 bales higher at 3.2 million bales or 22.5 percent of use.
PCCA Cotton Market Weekly
  • NOVEMBER 10, 2023

    COTTON PRICES CONTINUED TO DECLINE, REACHING AN 11-MONTH LOW DURING THE WEEK

    • Stock Market Was Higher Most of the Week
    • U.S. Production was Raised 270,000 Bales to 13.09 million Bales on November WASDE Report
    • Strong Export Sales were Reported but Shipments Continue to Disappoint
    • As of November 5, 57% of the 2023/24 Crop Has Been Harvested Across the Cotton Belt
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 3,28,300
    Upland Shipments 1,12,900
    Net Pima Sales 13,900
    Pima Shipments 4,500
    TOTAL SALES 3,42,200

    2024-2025
    Net Upland Sales 30,400
    Net Pima Sales 00
    TOTAL 30,400
Cleveland on Cotton
  • A Better Week, as Lower Cotton Prices Lift Exports

    Nov 17, 2023

    Cotton prices held the line in weekly trading as last week’s low prices encouraged good export sales. That, coupled with government released economic data hinting, on the surface, at an improved economy, gave prices a higher nudge every day of the week.
PCCA Cotton Market Weekly
  • NOVEMBER 17, 2023

    COTTON PRICES BOUNCED BACK FROM LAST WEEK’S LOWS, BUT STAYED IN TIGHT TRADING RANGE

    • Stock Market Rallies on Slew of Economic Data Released this Week
    • Strong Export Sales Reported for Week Ending November 9
Thompson on Cotton
  • November 20, 2023

    Last week’s activity centered around spread trading as December prepares to exit the board and March becomes the official cover month. Though prices moved in a consolidated range both contracts posted triple-digit gains, erasing nearly all the previous week’s losses. December traded as high as 79.88 before settling at 78.92 for a gain of 160 points. While March traded as high as 81.87 before settling at 81.51 for a gain of 201 points.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 3,22,200
    Upland Shipments 77,900
    Net Pima Sales 2,300
    Pima Shipments 3,100
    TOTAL SALES 3,24,500

    2024-2025
    Net Upland Sales 5,700
    Net Pima Sales 00
    TOTAL 5,700
PCCA Cotton Market Weekly
  • NOVEMBER 22, 2023

    WITH THE DECEMBER CONTRACT ALL BUT GONE, TRADERS SHIFT FOCUS TO THE MARCH CONTRACT

    • Stock Market Continued to Climb Higher for the Fourth Consecutive Week

    The holiday-shortened trade week was busy with many traders clearing out the rest of their December positions. First Notice Day is on Friday, and daily volume has been active leading up to it.
Thompson On Cotton 28-Nov-2023
  • Watching Paint Dry

    If you like watching paint dry or chrome rust, last week’s cotton market was the place to be. Although, after the zaniness of the past few weeks, it was somewhat welcomed. With merchants closing early on Wednesday followed by an abbreviated trading session on Friday, volume was well below average. Moving in a narrow range of only two cents over the course of the week, March futures settled at 80.99 for a small loss of fifty-two points.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,17,700
    Upland Shipments 88,800
    Net Pima Sales 1,700
    Pima Shipments 8,900
    TOTAL SALES 2,19,400

    2024-2025
    Net Upland Sales 15,400
    Net Pima Sales 00
    TOTAL 15,400
PCCA Cotton Market Weekly
  • DECEMBER 1, 2023

    COTTON MARKET WAS OVERALL LACKLUSTER TO WRAP UP THE MONTH OF NOVEMBER

    • Stock Market was Mixed this Week, but Made Strong Gains in November
    • U.S. Export Sales were Healthy for the Week Ending November 23
    • WASDE Report will be Released on December 8
Cleveland on Cotton
  • How the Grinch Stole Cotton’s Christmas
    Dec 01, 2023

    The Grinch has certainly stolen Cotton. The cotton market offered its first gifts of the Christmas season to the Bears, while the Bulls are left staring at unopened presents stacking up on the Bears’ side of the tree.
Thompson On Cotton
  • Market Desperately Searching For Direction
    December 4, 2023

    After falling a precipitous 173 points on Monday, cotton prices found some footing and traded narrowly from that point on. March futures settled at 79.42, a loss of 157 points. It is obvious this market is desperately searching for direction. Unfortunately, for now the only steering currents are a lack of demand and grower pricing pressure. Both of which are sure to stymie any significant advances.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,16,400
    Upland Shipments 1,39,200
    Net Pima Sales 3,200
    Pima Shipments 4,000
    TOTAL SALES 1,19,600

    2024-2025
    Net Upland Sales 29,600
    Net Pima Sales 00
    TOTAL 29,600
USDA-WASDE
  • Dec-2023

    COTTON: This month’s 2023/24 U.S. cotton forecasts include lower production, mill use, and ending stocks. Production is reduced 314,000 bales to 12.8 million largely due to a 500,000-bale decrease in the Texas crop. U.S. mill use is reduced 150,000 bales as spinning activity continues to lag, and at 1.9 million bales, is expected to be its lowest since 1884.
PCCA Cotton Market Weekly
  • DECEMBER 8, 2023

    MARCH FUTURES FINISHED THE WEEK ENDING DECEMBER 7 WITH STRONG GAINS

    • Stock Market was Mixed this Week, but Managed to Maintain November’s Gains
    • S. Production Cut to 12.78 million bales and World Use was Cut to 113.73 million bales
    • U.S. Export Sales were Down for the Week Ending November 30
Cleveland on Cotton 08-Dec-2023
  • Cotton Prices Rebound Back to Year-Old Range

    Dec 08, 2023

    The cotton market was very cheerful all week as 2023 crop futures shot up to 83.60 before the March settlement was tagged at 81.44.
Thompson On Cotton 12-Dec-2023
  • Markets Can Be Very Fickle

    Markets can be very fickle. After lingering aimlessly around eighty cents for most of last week, current crop futures traded limit up Thursday for no apparent reason. Certainly, a head-scratcher for it followed mediocre export sales and little fundamental or economic news. Nevertheless, cotton prices had their biggest one week jump since late August closing Friday at 81.44 for a gain of 202 points.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 57,800
    Upland Shipments 1,48,700
    Net Pima Sales 7,700
    Pima Shipments 19,000
    TOTAL SALES 65,500

    2024-2025
    Net Upland Sales 13,600
    Net Pima Sales 1,200
    TOTAL 14,800
PCCA Cotton Market Weekly
  • DECEMBER 15, 2023

    COTTON FUTURES CONSOLIDATED AFTER LAST WEEK’S ROBUST GAINS

    • Optimism from Fed Interest Rate Decision Fueled Rally in Stock Market
    • S. Export Sales Less than Impressive for Week Ending December 7
Cleveland on Cotton 15-Dec-2023
  • Price Swings and Weak Demand Continue to Feed the Cotton Bears*

    There is a bit of procrastination here. I really do not want to communicate these words. It is time to be bullish. I want to get there. I just cannot get there. The big tease is still ongoing.
Thompson On Cotton
  • Current Demand Remains Weak

    December 19, 2023

    Cotton prices for the week traded in a high-to-low range of only 190 points. Every attempt to move beyond eighty-two cents was quickly stifled by grower selling while downside support held firm at 80 cents before giving way slightly on Friday closing at 79.83. This was disheartening when at the same time the Dow, S&P 500, and NASDAQ were hitting all-time highs.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,46,600
    Upland Shipments 2,22,300
    Net Pima Sales 5,400
    Pima Shipments 5,500
    TOTAL SALES 1,52,000

    2024-2025
    Net Upland Sales 1,300
    Net Pima Sales 00
    TOTAL 1,300
PCCA Cotton Market Weekly
  • DECEMBER 22, 2023

    MARCH FUTURES SETTLED BELOW THE 80.00 CENT PER POUND MARK FOR THE WEEK

    • Stock Market Continues Rally
    • Noticeable Increase in U.S. Export Sales and Shipments Did Little to Help Market
Cleveland on Cotton 24-Dec-2023
  • A Quiet Week for Cotton as 2024 Approaches

    The Santa Claus family left few presents under the tree for cotton and other agricultural commodities. But then, the Grinch failed to take any away.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 3,69,900
    Upland Shipments 2,31,000
    Net Pima Sales 4,000
    Pima Shipments 3,500
    TOTAL SALES 3,73,900

    2024-2025
    Net Upland Sales 2,600
    Net Pima Sales 00
    TOTAL 2,600
PCCA Cotton Market Weekly
  • DECEMBER 29, 2023

    MARCH FUTURES WILL END 2023 ON A POSITIVE NOTE

    • No Shortage of Major Market Moving Events in 2023
    • Demand For U.S. Cotton Will Continue to be the Focus in Coming Year
Cleveland on Cotton 29-Dec-2023
  • Stronger Cotton Prices for the New Year? Maybe.

    The New Year is threatening to open a door to higher prices for cotton. The final week of the year saw higher prices each day – a very unusual trading pattern, and “unusual” can typically be associated with bullish news.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,31,000
    Upland Shipments 2,13,200
    Net Pima Sales 2,100
    Pima Shipments 4,100
    TOTAL SALES 1,33,100

    2024-2025
    Net Upland Sales 00
    Net Pima Sales 00
    TOTAL 00
PCCA Cotton Market Weekly
  • JANUARY 5, 2024

    MARCH FUTURES TRADED SIDEWAYS DURING THE HOLIDAY-SHORTENED TRADE WEEK

    • Outside Markets Pullback to Start 2024
    • U.S. Export Sales Slowed During the Holiday Season
    • Cotton Grower Magazine Survey Reported Cotton Acres Will Hold Steady in 2024
Cleveland on Cotton 05-Jan-2024
  • Cotton Prices Will Change in 2024. Just Don’t Ask When or Why.

    Stealing a word from the Varner Boys, cotton trading began the New Year just as it ended the old one –“boring.” That is changing this marketing year. Don’t ask me how, why, or when. I do not know that yet. We will figure it out together.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,62,500
    Upland Shipments 2,28,100
    Net Pima Sales 2,000
    Pima Shipments 26,700
    TOTAL SALES 2,64,500

    2024-2025
    Net Upland Sales 22,000
    Net Pima Sales 00
    TOTAL 22,000
USDA-WASDE
  • Jan-2024

    COTTON: This month’s U.S. 2023/24 cotton forecasts include lower production, exports, and ending stocks. Production is 342,000 bales lower, at 12.4 million bales, largely due to reductions in Texas. Exports are 100,000 bales lower, and ending stocks are 200,000 bales lower at 2.9 million. The season-average upland price received by farmers is projected 1 cent lower this month at 76 cents per pound.
PCCA Cotton Market Weekly
  • JANUARY 12, 2024

    MARCH FUTURES FINISHED WITH STRONG GAINS AFTER TRADING SIDEWAYS MOST OF THE WEEK

    • CPI Added Layer of Uncertainty to Fed’s Decision
    • U.S. Production Cut to 12.434 Million Bales, World Use Cut to 112.43 Million Bales
    • U.S. Export Sales and Shipments Unexpectedly Strong for the Week Ending January 4
Cleveland on Cotton 12-Jan-2024
  • Cotton Prices Appear Range Bound Once More

    Nothing changed.

    USDA’s January supply demand report doused water on the market’s attempt to light up futures prices. The price outlook for the nearby March contract remains, as the Varner Boys commented last week, boring. Prices did climb above the short-term moving averages, but expectations for any lasting positive market response is lacking. The On-Call report continues to be negative (or as another said, “There is nothing positive in it.”).
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 4,20,000
    Upland Shipments 2,57,700
    Net Pima Sales 3,500
    Pima Shipments 4,600
    TOTAL SALES 4,23,500

    2024-2025
    Net Upland Sales 17,600
    Net Pima Sales 600
    TOTAL 18,200
PCCA Cotton Market Weekly
  • JANUARY 19, 2024

    MARCH FUTURES FINISHED WITH STRONG GAINS FOR THE SECOND CONSECUTIVE WEEK

    • Stock Market Managed to Recover Losses by the End of the Week
    • U.S. Export Sales Report Held Phenomenal Sales and Shipments for Week Ending January 11
Cleveland on Cotton 19-Jan-2024
  • Positive Move in Cotton Prices?

    “The Fabric of Your Life” is demonstrating a bit of market excitement. Let us hope it can continue.

    The cotton market has turned a bit volatile, just as the equity and finance markets have. Long-term interest rates are increasing slightly as the market debates if, when, and should the Fed even push short-term rates lower.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,07,000
    Upland Shipments 1,42,200
    Net Pima Sales 4,700
    Pima Shipments 3,700
    TOTAL SALES 2,11,700

    2024-2025
    Net Upland Sales 00
    Net Pima Sales 00
    TOTAL 00
PCCA Cotton Market Weekly
  • JANUARY 26, 2024

    MARCH FUTURES FINISHED FOR SIX OUT OF THE PAST SEVEN TRADING SESSIONS

    • Stock Market Made All-Time Highs Throughout the Week
    • A Net Total of 207,000 Upland Bales were Sold for the Week Ending January 18
Cleveland on Cotton 26-Jan-2024
  • Cotton Enjoys Bullish Run

    Cotton continued its bullish run all week, all but challenging the top end of the yearlong-plus trading range. As expected, price resistance at the 86-cent trading level halted the advance.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 3,49,400
    Upland Shipments 3,96,700
    Net Pima Sales 13,500
    Pima Shipments 11,200
    TOTAL SALES 3,62,900

    2024-2025
    Net Upland Sales 25,200
    Net Pima Sales 00
    TOTAL 25,200
PCCA Cotton Market Weekly
  • FEBRUARY 2, 2024

    MARCH FUTURES CONTINUED THEIR ASCENT.

    • After a slight dip to begin the week, cotton prices finished at their highest level since early October.

    • Cotton made marginal gains despite the mixed data/news and general pressure on most of the commodity basket.
Cleveland on Cotton 08-Feb-2024
  • Comments Prior to the USDA February WASDE Release. Early report due to surgery schedule.

    Run Forrest Run! Old crop and new crop headed higher.

    Once again, Never Give Up On Cotton. Granted, what goes up does come down, and it is not going to be all roses. Yet, the old crop’s run to 90 cents is real, and a little more. Too, the 2024 new crop December will hit the 85 cent mark and will find considerable pressure to move to 90 cents and better.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,84,100
    Upland Shipments 2,48,500
    Net Pima Sales 9,500
    Pima Shipments 11,900
    TOTAL SALES 2,93,600

    2024-2025
    Net Upland Sales 34,600
    Net Pima Sales 00
    TOTAL 34,600
USDA-WASDE
  • Feb-2024

    COTTON: The 2023/24 U.S. cotton balance sheet has lower ending stocks relative to last month, with higher exports and lower mill use, while production is unchanged. The export forecast is raised 200,000 bales to 12.3 million based on a strong pace of shipments and sales to date. Similarly, projected mill use is reduced 150,000 bales as U.S. domestic spinning activity remains low. Ending stocks are now estimated at 2.8 million bales, equivalent to 20 percent of total disappearance.
PCCA Cotton Market Weekly
  • FEBRUARY 9, 2024

    Cotton futures were up for four out of five trading sessions.

    • Cotton prices continued higher for the fifth straight week, staying at the highest level since early October.

    • Daily trading volumes were high due to speculative buying and index funds rolling.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,60,400
    Upland Shipments 2,76,100
    Net Pima Sales 5,300
    Pima Shipments 5,500
    TOTAL SALES 1,65,700

    2024-2025
    Net Upland Sales 7,700
    Net Pima Sales 00
    TOTAL 7,700
PCCA Cotton Market Weekly 16-Feb-2024
  • Cotton futures rally to highest level since September 2022.

    • Cotton prices climbed sharply, making an 18-month high, despite a decline in the overall commodity complex and bearish outside market data.

    • Bullish technical signals increased buying, helping boost prices.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,30,500
    Upland Shipments 2,55,500
    Net Pima Sales 3,400
    Pima Shipments 3,100
    TOTAL SALES 1,33,900

    2024-2025
    Net Upland Sales 58,100
    Net Pima Sales 00
    TOTAL 58,100
PCCA Cotton Market Weekly
  • FEBRUARY 23, 2024

    Cotton futures fell sharply during the holiday-shortened trade week but managed to recoup most of the losses.

    • The May contract reached a life-of-contract high on Friday after a busy week of trading.

    • March futures were active as traders were clearing up or rolling positions forward leading up to the contract’s First Notice Day on Friday.
Cleveland on Cotton
  • At Current Prices, Cotton Is a Speculative Market. And That’s Okay.

    Feb 23, 2024

    Run Forrest run! And boy, did he do his running.

    The March contract ran to a high of 95.42 cents before giving up on its first notice day, giving way to the May futures contract as the spot month. Thus, the stage is set for May’s challenge of 96 cents. The pure technician suggests a run to 101 cents…which will not happen!
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 40,000
    Upland Shipments 2,67,100
    Net Pima Sales 5,500
    Pima Shipments 4,400
    TOTAL SALES 45,500

    2024-2025
    Net Upland Sales 13,400
    Net Pima Sales 00
    TOTAL 13,400
PCCA Cotton Market Weekly
  • MARCH 1, 2024

    May futures reached a contract high on Wednesday, fueled largely by speculative buying.

    • A tightening U.S. balance sheet and speculative buying pushed May cotton over the dollar mark for the first time in a year and a half.

    • The May and June futures contracts finished up the limit on Tuesday.