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.
ICAC - World Cotton Supply and Distribution
  • Global Consumption Growth Projected to Slow to 0.04% in 2018/19

    • Global consumption growth is expected to slow to 0.04%
    • Growth in mill-use in East Asia is expected to slow to 6%
    • Mill-use expansion in Bangladesh is expected to slow to 7%
    • China’s consumption growth is expected to slow by 8%
    • Consumption is expected to increase by double digits in Turkey,
    Indonesia and Uzbekistan
DTN Cotton Close 22-April
  • Bobbles Higher on Low Volume

    The cotton market traded both sides of unchanged Tuesday, but eventually settled slightly higher. Volume was quite low in comparison to recent sessions. The market continues to watch the 2019 planting season unfold, as well as awaiting any final developments on the U.S.-China trade negotiations.
Cotton Indices and Spot Rate As on 22-Apr-2019
  • US Upland Spot Rate 73.01 +0.20

    Brazil Cotton Index 73.74 -0.15%

    KCA Spot Rate 8,850 +50

    MCX Spot Rate 22,360

    China Cotton Index
    As on 23-Apr-2019

    CC Index 328 15706 +13
    CC Index 227 14766 +28
    CC Index 229 16119 +13
ICE Cotton Update
  • COTTON SLIPS AS DOLLAR GAINS; POSTS WORST WEEK IN 2-MONTHS

    ICE cotton futures fell on Thursday as the dollar strengthened, while a fall in the weekly export sales report from the United States Department of Agriculture's (USDA) added to the downbeat sentiment.

    The most-active cotton contract on ICE Futures U.S. July settled down 0.69 cent, or 0.87 percent, at 78.27 cents per lb. It traded within a range of 77.77 and 79.04 cents per lb. * Prices fell 0.7% this week, its worst weekly decline in two months.
Stock Position as on 22-Apr-2019
  • NCDEX
    Cotton Seed Oil Cake Stock
    Unencumbered = 42,591 MT
    Pledged = 5,662 MT
    QTY in Process = 00 MT

    MCX
    Total Utilized Capacity = 2,09,700 Bales
    Eligible for Exchange Delivery = 2,09,000 Bales
    Quantity in Process = 000 Bales
    Rejected Stocks = 700 Bales
Cotton Inc. Monthly Economic Letter Mar-2019
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    Benchmark prices were flat or slightly higher over the past month. 

    Prices for the May NY futures contract increased over past month, climbing from levels just below 70 cents/lb in mid-February to those near 74 cents/lb recently.  
Shurley on Cotton 15-Mar-2019
  • Market Continues to Need Clarity

    A week or so ago, as I left early one morning for work, the fog was so bad you literally could not see how to drive. Literally, every foot down the road at not more than 20 mph was an unknown and an accident just waiting to happen.

    For 35 days, the partial US government shutdown kept markets in a fog due to USDA reports and data not being available. Those reports and data are being or have been caught up now.
Thompson On Cotton 21-Mar-2019
  • Days of sunshine with tractors stirring up dust are enough to knock the rust right off your soul. You can sense it when talking to growers, there is a lift in their voices and a chuckle or two now and then.

    That’s a welcomed feeling after a grueling and depressing past several months. Dissolved of the hangover of 2018, sights are now set on the bountifulness a new crop can bring. Resiliency has and always will be the cornerstone of our industry – something I revere most about all those involved with it.
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.
ICAC - World Cotton Supply and Distribution
  • Global Consumption Projected to Reach Record High in 2019/20

    ·Despite persistent challenges, global cotton consumption should reach an all-time high in 2019/20
    ·World production should rise to 27.6 million tonnes, boosted in part by a 6% increase in global yields
    · Ending stocks are projected to increase slightly from 2018/19 to 17.7 million tonnes
    · ICAC’s price projection for the A Index at the end of 2019/20 is 81.25 cents per pound, with a forecast range between 60.71 to 94.23 cents per pound
Cotton Inc. Monthly Economic Letter Apr-2019
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    Benchmark prices either increased or were stable over the past month.

    Prices for the May NY futures contract increased, climbing from levels near 75 cents/lb in mid-March to those near 79 cents/lb recently. The July contract, which now represents more open interest, also rose and has maintained values slightly higher than those for the May contract.
Shurley on Cotton
  • Market Improves, Future Unknown as Planting Approaches

    In my previous comments to you, the title was “Cotton Continues to Need Clarity”. I’m not sure much has changed in that regard. The market has certainly made nice improvement, however, and we can be thankful for that.

    There is still no word or advance in trade talks and the March 30th Prospective Plantings report, in my opinion, threw more uncertainty on the market.
U.S. EXPORT SALES
  • For Week Ending 11-04-2019

    2018-2019
    Net Upland Sales 2,17,500
    Upland Shipments 3,40,000
    Net Pima Sales 14,300
    Pima Shipments 11,500
    TOTAL SALES 2,31,800

    2019-2020
    Net Upland Sales 20,600
    Net Pima Sales 2,200
    TOTAL 22,800
PCCA Cotton Market Weekly
  • APRIL 18, 2019

    A VOLATILE WEEK FOR COTTON FUTURES, BUT SOME POSITIVE NEWS NOTED

    • West Texas and Oklahoma Receive Rain, More in the Forecast
    • Positive Economic News for U.S. and China
    • A Strong Export Sales Report
    • Both Sides Signal Progress in Trade Talks
    • Crop Prospects Taking Center Stage
Cleveland On Cotton 18-Apr-2019
  • Weather and Trade – Hedging is Key

    Cotton prices continue locked in their technical channel with new crop fighting to climb above 78 cents while the old crop July struggles to breech the 80 cent mark. July’s objective is the 82.50-85.00 cent range, but December will continue to face a near impossible barrier just below 80 cents.
Reinhart Cotton Market Report 18 Apr
  • India – All India daily cotton arrivals are reported to be about 75’000 bales. Active import business continued for West African & US origins.
    The Indian Meteorological Department (IMD), in its first long-range forecast for the south-west monsoon, predicted that the monsoons will be near-normal for the current year.
Plexus Market Comments 18 April
  • So where do we go from here?

    We feel that the market is fairly priced at the current level and that May is probably not far from its “cash equivalent value” at around 7600. Therefore, if takers were to emerge who simply look at the certified stock as a recap to put against export sales, then there is no need for the market to go much lower, nor do we need to see full carry.
Rose On Cotton 19-Apr-2019
  • ICE COTTON POSTS MODEST WEEKLY SETBACK, CONTINUES TO FIND SUPPORT

    ICE cotton posted a modest loss for the abbreviated trading week, with the Mar contract giving up 59 points to finish at 78.27. The Dec contract gave back 14 at 77.05. The July – Dec inversion weakened to 122 but remains a bullish near-term and bearish longer-term omen.
Jernigan Global Weekly 22-Apr-2019
  • HIGHLIGHTS

    1. TURKISH GROWERS BEGIN PLANTING AMID ECONOMIC RECESSION & UNCERTAINTY

    2. CHINA PLANS TO REDUCE COTTON ACREAGE SLIGHTY

    3. MERCHANTS BID FOR NEXT 4-5 CROP SEASONS IN AUSTRALIA

    4. US PLANTING DELAYED IN MID-SOUTH BY EXCESSIVE RAIN

    5. USDA SETS 2019/2020 LOAN DIFFERENTIALS; GROWER PREMIUMS FOR QUALITY REMAIN UNDERVALUED