Please click below for details regarding the effective date and compliance dates for the U.S. Commodity Futures Trading Commission’s final rule, Position Limits for Derivatives. Provided by: Delta Strategy Group.
The American Cotton Shippers would like to thank USDA’s Farm Service Agency for extending the marketing assistance loans (MALs) for non-recourse loans from 9 to 12 months. See notice below.
On January 7th, ACSA along with other groups within an agricultural transportation working group wrote a letter to President-elect Joe Biden and the transition team requesting their support in advancing transportation infrastructure and policies to enhance the efficiency and cost-effectiveness of transporting agricultural products.
In November, China imported 902,899 bales (196,583 MT) of cotton, a decrease of 5.55% month-on-month (m/m), and an increase of 87.01% year-on-year (y/y). The total value was USD 311.00 million, representing a decrease of 3.26% m/m, an increase of 70.18% y/y. The U.S. ranked as the largest cotton supplier to China, Brazil the second, and India the third. For more information on the Chinese cotton industry and policy updates, please click on the link below.
On December 8th, Gap Inc. joined the U.S. Cotton Trust Protocol and Textile Exchange’s 2025 Sustainable Cotton Challenge as part of its integrated sustainability strategy and to help it achieve its commitment to use only 100% sustainably-sources cotton by 2025.
On December 1st, agricultural associations, including the National Cotton Council, sent letters to President Trump, President-elect Joe Biden, and the National Governors Association to reiterate their support for granting priority vaccine access to essential critical infrastructure workers. See the letters below.
Biden Transition COVID-19 Vaccine Letter here.
National Governors Association COVID-19 Vaccine Letter here.
Trump Administration COVID-19 Letter here.