Bremen Cotton Market

Bremen, September 11, 2019

Calm Market in Europe

The New York cotton futures have moved steadily sideways on a low level. The 60 cent-mark remained out of reach for the basic month December. The ongoing trade conflict has continued unsettling market participants. The lacking demand from China has hence affected the U.S. cotton Sales slowly. Due to insufficient sales, the U.S. cotton stock is presumably going to rise. The upcoming report on the World Agricultural Supply and Demand Estimates is expected to deliver a clearer trend. Hurricane Dorian caused less damage on the cotton fields of South and North Carolina than predicted.

The international business was brisker than the European. The course of the past reported week was calmer than those of previous weeks. The number of inquiries was comparably poor, thus only few contracts were closed.

Contracts were concluded for:

Medium Staple Cotton

Greece I/2020

West Africa prompt up to IV/2019

Central Asia prompt

Long and Extra-Long Staple Cotton

Egypt GIZA 86 IV/2019