COTTONGURU™ Daily Report

Posted on

  1. Arrivals on 22/03/17 is about 1.35 lakh bales.
  2. Market:  Bearish
  3. ICE cotton futures hit a more than two-week low on Tuesday, weighed down by weakness in the grains market.
  4. Cotton prices continued in a downward trend. Traders suspect the fall is a result of macroeconomic factors, lower Chinese futures and short term technical weakness weighing on the market. Shippers reported an increase export activity in China, India, Turkey and Far Eastern markets for nearby and summer shipments.
  5. In the US, traders have pushed their US new crop acreage higher. One report suggest cotton continues to be the best alternative for many growers in the US.

For more brief reports of cotton market and Buy – Sell Options,
download COTTONGURU™ App:

For detailed reports on global cotton markets, subscribe to COTTONGURU™  Fortnightly Newsletter on


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s