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.
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 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.
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.
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 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
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.
USDA-WASDE
  • Mar-2024

    COTTON: This month’s 2023/24 U.S. cotton forecasts show lower production and ending stocks relative to last month. Production is reduced 334,000 bales to 12.1 million, based on the March 8 Cotton Ginnings report. The final estimates for this season’s U.S. area, yield, and production will be published in the May 2024 Crop Production report. Ending stocks are 300,000 bales lower this month at 2.5 million.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 98,100
    Upland Shipments 3,60,700
    Net Pima Sales 13,500
    Pima Shipments 4,500
    TOTAL SALES 1,11,600

    2024-2025
    Net Upland Sales 72,200
    Net Pima Sales 00
    TOTAL 72,200
US Planting Intentions Report
  • All cotton planted area for 2024 is estimated at 10.7 million acres, up 4 percent from last year. Upland area is estimated at 10.5 million acres, up 4 percent from 2023. American Pima area is estimated at 203,000 acres, up 38 percent from 2023.

PCCA Cotton Market Weekly
  • MARCH 28, 2024

    Cotton futures finished lower for the week at 91.38 cents per pound but managed to recover some of the week’s losses after the release of Thursday’s Prospective Plantings report.

    • May futures closed at 91.38 cents per pound, finishing 83 points lower for the week.

    • News in the cotton market was relatively light this week, as traders were anticipating the Prospective Plantings report.
Cleveland on Cotton 29-Mar-2024
  • Old Crop Cotton Supported As Price Creeps Lower

    My best cotton friend in Lubbock says the market is going higher while my best buddy in Memphis says it’s going lower. Of course, I agree with my friends.

U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 84,900
    Upland Shipments 3,67,600
    Net Pima Sales 1,400
    Pima Shipments 5,200
    TOTAL SALES 86,300

    2024-2025
    Net Upland Sales 22,900
    Net Pima Sales 00
    TOTAL 22,900
PCCA Cotton Market Weekly 05-Apr-2024
  • May cotton futures finished below 90 cents per pound after falling under pressure for three consecutive sessions.

    • May futures settled at 87.14 cents per pound, finishing 424 points lower for the week. This is the contract’s lowest close since January 31.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 81,500
    Upland Shipments 2,74,100
    Net Pima Sales 8,000
    Pima Shipments 15,900
    TOTAL SALES 89,500

    2024-2025
    Net Upland Sales 35,700
    Net Pima Sales 00
    TOTAL 35,700
USDA-WASDE
  • Apr-2024

    COTTON: The U.S. 2023/24 cotton supply and demand projections are unchanged this month, with ending stocks forecast at 2.5 million bales or 18 percent of total disappearance. The marketing year price received by upland cotton producers is projected to average 76 cents per pound, a decrease of 1 cent from last month.
PCCA Cotton Market Weekly
  • APRIL 12, 2024

    Cotton futures continued to fall during a busy, data-driven week.

    • May futures settled at 83.37 cents per pound, finishing 377 points lower for the week.

    • With May First Notice Day less than two weeks away, the July contract will start to take focus. July futures settled at 85.25 cents per pound, finishing 332 points lower for the week.
Cleveland on Cotton
  • No Sugar Coating: Bearish Tones Return to Cotton Market

    Apr 14, 2024

    Thoughts that cotton had been knocked out last week were premature, as the spot May contract and other prices across the board fell in unison – including the especially important new crop December contract.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,46,100
    Upland Shipments 2,66,700
    Net Pima Sales 2,700
    Pima Shipments 5,900
    TOTAL SALES 1,48,800

    2024-2025
    Net Upland Sales 80,100
    Net Pima Sales 00
    TOTAL 80,100
PCCA Cotton Market Weekly
  • APRIL 19, 2024

    July futures continued their descent, finishing higher in only one trading session this week.

    • May First Notice Day is less than a week away, so traders are focused on the July contract. July futures settled at 80.61 cents per pound, finishing 464 points lower for the week.
Cleveland on Cotton
  • Focus Shifts to Production as Cotton Prices Falter

    Apr 19, 2024

    The cotton market suffered through another week of mad cow disease as the new crop December contract fell to a low of 77.26 cents before recovering, settling the week at 77.55. The old crop May contract settled the week at 78.69 cents, but that contract delivery period begins next week.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,77,100
    Upland Shipments 2,61,700
    Net Pima Sales 12,400
    Pima Shipments 10,100
    TOTAL SALES 1,89,500

    2024-2025
    Net Upland Sales 65,700
    Net Pima Sales 00
    TOTAL 65,700
PCCA Cotton Market Weekly
  • APRIL 26, 2024

    July futures spent most of the week trying to recoup some of last week’s losses.

    • May First Notice Day was on Wednesday, April 24, with 213 notices issued so far this month.
Cleveland on Cotton 28-Apr-2024
  • Cotton Prices Trapped as Export Sales Continue with No Change in Demand

    Low prices have encouraged export sales of all growths and U.S. cotton continues to move. Yet the level of sales is not sufficient to suggest that demand is improving. In fact, the level of sales does not even suggest any improvement in demand. Thus, cotton prices remain trapped within the narrow six cent, 77-83 cent trading range. The high 70s to low 80s trading range for both old crop and new crop will continue to prevail.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 97,500
    Upland Shipments 1,80,000
    Net Pima Sales 4,600
    Pima Shipments 4,600
    TOTAL SALES 1,02,100

    2024-2025
    Net Upland Sales 34,400
    Net Pima Sales 00
    TOTAL 34,400
PCCA Cotton Market Weekly 03-May-2024
  • After gaining a little ground last week, July futures spent the week on a downward descent.

    • July futures settled at 75.62 cents per pound, finishing 546 points lower for the week.

    • Volume increased toward the end of the week, as total open interest increased by 3,255 contracts to reach a balance of 205,869.
Cleveland on Cotton 05-May-2024
  • Prepare to Price 2024 Cotton Late in the Marketing Season

    May 05, 2024

    Fundamentals drove cotton prices down to the mid-70s before selling ran out of steam and a small bit of demand brought prices back to the high 70s for old crop and the mid-70s for new crop. July found its support at 77 cents but slipped lower before recapturing the 78-cent mark, settling the week at 78.06. Likewise, December searched out its support at the 74-cent mark and settled the week at 75.97.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,53,600
    Upland Shipments 2,49,600
    Net Pima Sales 5,700
    Pima Shipments 8,200
    TOTAL SALES 2,59,300

    2024-2025
    Net Upland Sales 1,58,900
    Net Pima Sales 00
    TOTAL 1,58,900
USDA-WASDE
  • May-2024

    COTTON: The U.S. cotton projections for 2024/25 include a larger crop as planted area is slightly higher and abandonment is projected at less than half the rate realized in 2023/24. Production is forecast at 16.0 million bales, based on 10.67 million planted acres as indicated in the March Prospective Plantings report, with harvested area expected to rise 2.7 million acres year over year to 9.1 million. U.S. abandonment is projected below the 10-year average reflecting moisture conditions to date in the Southwest.
PCCA Cotton Market Weekly 10-May-2024
  • After the bottom fell out of the market last week, July futures managed small gains for the week but ran into resistance around 80.00 cents per pound.

    • July futures settled at 78.60 cents per pound, finishing 298 points higher for the week.
Cleveland on Cotton 10-May-2024
  • Has the Cure for Low Cotton Prices Set In?

    The cure for low prices has finally set in. The recovery will be slow and, just like recovery from many ailments, there will be good and bad days. Some setbacks can be expected along the way.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,56,400
    Upland Shipments 2,38,800
    Net Pima Sales 3,600
    Pima Shipments 5,200
    TOTAL SALES 1,60,000

    2024-2025
    Net Upland Sales 1,40,600
    Net Pima Sales 1,000
    TOTAL 1,41,600
PCCA Cotton Market Weekly
  • MAY 17, 2024

    *Cotton futures traded on both sides of the market but gave back the previous week’s gains.*

    • July futures fell 236 points from last week’s close, settling at 76.24 cents per pound. The July contract closed limit down on Tuesday.
Cleveland on Cotton
  • Another Sloppy Week for Cotton Prices

    May 17, 2024

    Cotton suffered another sloppy week as lower Chinese prices, coupled with bearish inflation numbers and very weak apparel sales, all worked to force prices lower – even limit down one day and near limit down trading on another.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,03,000
    Upland Shipments 2,04,100
    Net Pima Sales 9,900
    Pima Shipments 13,300
    TOTAL SALES 2,12,900

    2024-2025
    Net Upland Sales 47,900
    Net Pima Sales 700
    TOTAL 48,600
PCCA Cotton Market Weekly
  • MAY 24, 2024

    The market finally felt some relief after weeks of selling and finished higher in four consecutive trading sessions.

    • July futures gained 548 points from last week’s close, settling at 81.72 cents per pound. The July contract closed up the limit on Wednesday and had another strong rally on Thursday.
Cleveland on Cotton 27-May-2024
  • Another Second Chance Price Rally Still Not Enough

    Cotton will come around. But as we have repeatedly commented, the 2024 crop will have to be priced in 2025, most likely based on the May 2025 contract. It is just going to take that long before mills will approach 85% spinning capacity. Neither U.S. nor world carryover are burdensome. Thus, the inching upward of demand will pull prices along.
Shurely on Cotton 26-May-2024
  • Has Cotton’s Downturn Bottomed Out?

    Nothing is worse than to have land, money, and other resources already committed to production and watching the market (and the value of expected production) decline. Farming is a biological process and takes time, and time creates risk. Resources must be committed months in advance of production and marketing.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,22,632
    Upland Shipments 1,72,195
    Net Pima Sales 5,351
    Pima Shipments 6,277
    TOTAL SALES 2,27,983

    2024-2025
    Net Upland Sales 78,102
    Net Pima Sales 176
    TOTAL 78,278
PCCA Cotton Market Weekly
  • MAY 31, 2024

    *Last week’s gains were short-lived as the cotton market faced headwinds from weather and macroeconomic pressure.*

    • Since last week’s close, July futures relinquished 396 points, settling at 77.76 cents per pound.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,38,700
    Upland Shipments 1,57,000
    Net Pima Sales 2,000
    Pima Shipments 8,100
    TOTAL SALES 1,40,700

    2024-2025
    Net Upland Sales 54,100
    Net Pima Sales 0
    TOTAL 54,100
PCCA Cotton Market Weekly
  • JUNE 7, 2024

    Cotton futures traded on both sides of the market but ultimately settled lower for the week.

    • Since last week’s close, July futures gave up 232 points, settling at 75.44 cents per pound.
Cleveland on Cotton 07-Jun-2024
  • Cotton Prices Holding, But Watch the Fundamentals

    Misery loves company and cotton had a lot of company this week. Yet, cotton trading should not have been that bad. The old crop July contract, trading with just over two weeks before first notice day, fell into the 73’s, while next year’s hope – the new crop December futures contract – fell into the 72’s. The 74-cent area appeared to be the holding station for July futures and still may be, but market/government fundamentals could push it lower.
USDA-WASDE
  • June-2024

    COTTON: The 2024/25 U.S. cotton projections show higher beginning and ending stocks compared to last month. Projected production, domestic use and exports are unchanged. The 2024/25 season average upland farm price is down 4 cents from the May forecast to 70 cents per pound following a decline in new-crop cotton futures.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,77,200
    Upland Shipments 1,86,600
    Net Pima Sales 3,700
    Pima Shipments 9,000
    TOTAL SALES 1,80,900

    2024-2025
    Net Upland Sales 1,77,400
    Net Pima Sales 0
    TOTAL 1,77,400
PCCA Cotton Market Weekly 14-Jun-2024
  • Cotton futures continued to slide on a looser balance sheet for June and rains in the Southwest.

    • Since last week’s close, July futures gave up 409 points, settling at 71.35 cents per pound. The decline is primarily due to the contract’s liquidation as First Notice Day approaches.
Cleveland on Cotton 14-Jun-2024
  • Mill Buying Increases, Yet Cotton Market Remains Cautious

    There are tiny cracks appearing in the cotton bear’s armor. They are minute, well camouflaged, and may be difficult to penetrate, but finally they are there. Indications are that mills can finally see value in cotton with prices in the low to mid-70s. Demand will have to surface by the first quarter of 2025 to truly build a higher price base.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,89,000
    Upland Shipments 1,97,900
    Net Pima Sales 7,900
    Pima Shipments 5,800
    TOTAL SALES 1,96,900

    2024-2025
    Net Upland Sales 1,11,800
    Net Pima Sales 0
    TOTAL 1,11,800
PCCA Cotton Market Weekly 21-Jun-2024
  • Cotton futures were up modestly, finding support after trading on both sides of the market this week.

    • December futures fell to their lowest level since October 2022 but recouped some losses by the end of the week. The contract traded 83 points higher, settling at 72.62 cents per pound.
Cleveland on Cotton 21-Jun-2024
  • Weather, Not Demand, Now Controls Cotton Market

    The tiny cracks in the bears’ armor remain just that – tiny. Yet, they exist and absent an absolutely unexpected widespread excellent rain over some nearly two million acres of Texas cotton (primarily Districts 1-N and 1-S) over the next two weeks, those cracks will begin to widen. Certainly, much more moisture is needed over the vast dryland acreage of 1-S.