Targray Cotton

In this issue of Targray's Biweekly Cotton Market Bulletin: ·    ICE Cotton Futures Recover After Hitting Four-Year Low ·    China's Cotton Ending Stocks Reduced by Nearly 3.9 Million Bales ·    Cotton Acreage in India Decreases by 9% ·    Managed Money Holds Record Short Positions in Cotton ·    U.S. Federal Reserve Expected to Cut Interest Rates in September 📈 Subscribe to receive Targray Cotton's full market reports for a more detailed analysis of current macroeconomic news impacting the global market, industry developments, and visual statistics: bit.ly/targrayctn

In this issue of Targray's Biweekly Cotton Market Bulletin: ICE Cotton futures for the December contract have declined nearly 5%, reaching a four-year low of 67.50 cents, with the market closely watching weekly export sales as the 2023-24 marketing year ends. Meanwhile, Brazil's increasing dominance in the export market and improved U.S. cotton crop conditions could further impact prices and market dynamics. 📈 Subscribe to receive Targray Cotton's full market reports for a more detailed analysis of current macroeconomic news impacting the global market, industry developments, and visual statistics: bit.ly/targrayctn

Targray's latest biweekly cotton market report highlights a cautious market outlook ahead of the upcoming WASDE report, with bearish factors influencing ICE cotton futures. Additionally, the USDA has reported a significant increase in the cotton planted area for 2024, while the market closely monitors China's demand for raw cotton and the impact of U.S. drought conditions. 📈 Subscribe to receive Targray Cotton market reports for a more detailed analysis of current macroeconomic news impacting the global market, industry developments, and visual statistics: bit.ly/targrayctn

US cotton exports face challenges as Brazil takes the lead as the world's top exporter, ICE cotton futures dropped by 8% due to supply pressures outweighing demand over the past two weeks, and forecasts indicate La Niña is likely to develop by September 2024 with an 85% chance of persisting into winter - For more detailed analysis of current macroeconomic news impacting the global market, industry developments, and visual statistics, explore Targray's latest Biweekly Cotton Market Bulletin curated by Targray Cotton Trading Desk experts. 📈 Subscribe to receive all market reports direct to your inbox: bit.ly/targrayctn

We are pleased to announce the addition of Erik Rietkerk to Targray's Executive Leadership Team. Based out of our European Headquarters in Geneva, Erik will play a key role in providing overall strategic direction and supporting the growth of the company’s European Biofuels and Feedstock businesses and global Agricommodities and Solar desks. With a commodity trading career spanning over 30 years, Erik brings a wealth of experience from leadership roles in diverse industries, including oil trading, chemical/pharma, agribusiness, tank storage, renewable energies, energy commodities, and food ingredients. His broad international experience and expertise in diverse markets make him a valuable addition to our growing team. Read the full release: https://lnkd.in/eTUSZXU3 Targray Biofuels & Feedstock | Targray Solar | Targray Cotton

With the Brazil basis still priced lower than that of the US, challenges persist for US cotton exporters in maintaining competitiveness in global markets. Export performance for the upcoming marketing year has been lackluster, with sales standing at just 1.70 million bales as of May 16, a significant drop from the current year's 12.69 million bales. For more detailed analysis of current macroeconomic news impacting the global market, industry developments, and visual statistics, explore Targray's latest Biweekly Cotton Market Bulletin curated by Targray Cotton Trading Desk experts. 📈 Subscribe to receive all market reports direct to your inbox: bit.ly/targrayctn

While a stronger dollar and an increase in net short positions by managed money, along with other contributing factors, caused ICE cotton futures July contract to tumble, the market is closely monitoring the weather's impact on the new crop December contract and weekly export sales for the current crop July contract. For more detailed analysis of current macroeconomic news impacting the global market, industry developments, and visual statistics, explore Targray's latest Biweekly Cotton Market Bulletin curated by Targray Cotton Trading Desk experts. 📈 Subscribe to receive all market reports direct to your inbox: bit.ly/targrayctn

While ICE cotton continued its descent from the last month, US planting is progressing well and the areas under drought has been significantly lower as compared to the same time last year. For more detailed analysis of current macroeconomic news impacting the global market, industry developments, and visual statistics, explore Targray's latest Biweekly Cotton Market Bulletin curated by Targray Cotton Trading Desk experts. 📈 Subscribe to receive all market reports direct to your inbox: bit.ly/targrayctn

Overall sentiments will be cautious ahead of the Federal reserve monetary policy meeting April 30 - May, and according to Cotton Grower, bearish tones return to the cotton market - read more in Targray's latest Biweekly Cotton Market Bulletin for current macro news influencing the global market, industry developments and insights, and visual statistics put together by Targray Cotton trading desk experts. 📈 Subscribe to receive all market reports direct to your inbox: bit.ly/targrayctn

While the cotton industry needs more demand for a better 2024, Myanmar aims to expand cotton cultivation to cover 747,000 acres by the fiscal year 2028 - read more in Targray's latest Biweekly Cotton Market Bulletin for current macro news influencing the global market, industry developments and insights, and visual statistics put together by Targray Cotton trading desk experts. 📈 Subscribe to receive all market reports direct to your inbox: bit.ly/targrayctn