The US Delta Has The Largest Cotton Planting Area.

The cotton market in New York was irregular. On Monday, the US Department of Agriculture issued a report that it intended to report planting losses. The market was sharply oscillating on Tuesday and fell 600 points over the Friday closing price, setting a short-term low price of 67.31 cents since December 20th (the 08 year May contract base price).

Textile demand rose below 70 cents, mainly to compensate for recent demand, but demand rebounded after the market rebounded to 70 cents.

In the last three days, the oscillations weakened, and the market did not break through the trading area on Tuesday.

The fund began to extend the 08 year May contract to 08 in July and December. On Monday, the two contracts will be stronger.

The 08 year May contract will expire on Friday (4.11). There will be 9 trading days from the first notice to April 24th.

The volume of empty space is huge (slightly reduced this week), and registered inventories have hit a new high. These factors may cause instability in the market.

Several technical analyses show that the market has entered a horizontal pattern, and once the direction is determined, the market is likely to oscillate substantially.

During the exhibition stage, market participants are not interested in huge stocks. If prices rise again, the market will not be able to shake off the turbulence pattern.

Us 2008/09 planting report - a long - expected report on the cotton planting intention of the United States Department of agriculture on Monday, 9 million 390 thousand acres of cotton planting in the United States (including 204000 acres of skin and horse cotton), the industry is expected to grow up to a maximum of 900-954 million acres (the national cotton Commission of the United States forecast).

If this figure is accurate this year, it will be the lowest planting area in 25 years (since 1983).

According to state data, the planting area of planting belts is expected to decrease, but Georgia and Accra Homer are excepted.

At the same time, the area of the delta is the largest.

These figures will be tested because the data collection time was in the first week of March, when cotton prices rose sharply.

Another factor that affects these data is weather.

There have been several floods in the Delta this year, so some of the land has been converted to other crops.

At present, the land for planting corn may be replanted to soybeans, but if precipitation continues, part of the land may grow cotton.

According to the five year average of 9 million 390 thousand acres, the highest and lowest yield per unit area and the reference rate of abandonment, the output of 2008/09 will reach 15 million 600 thousand packs, including 525000 cotton varieties.

The role of Texas is obvious. Its planting area accounts for 50% of the total area of the United States.

Some people pointed out that the data in the past 5 years may deviate from the real situation, because the weather in Dezhou during this period is very good.

If we use the average of 10 years in all States, cotton production may drop to 12 million 500 thousand bales.

The agency still predicts output of about 15 million bales.

The next report on planting area will be released in June 30th and the first production report will be released in August.