13 ICE Cotton Review: The US Dollar Is Weak, And The Speculators Are Doing More.

Monday (4.13) the US dollar was weak, and the speculators sold more markets, pulling the ICE US cotton out of the trough and lifting the pressure on the stock market.

The most active cotton in July rose 25 points, at 48.98 cents per pound.

The May contract fell 26 points to 48.15 cents per pound in the near future, and the dealer continued the May contract before the first notice of April 24th.

The cotton contract in July was basically running at a high level in the early morning, but the energy was exhausted after the central bank reached a high of 49.39 cents.

The weakness of stock market and energy, stimulating speculators to short, although the dollar strengthened, overall commodity prices were strong.

Investors tailed the market with a large number of positions, in July, the peace treaty was left at the bottom of 47.50 cents, and the decline was restored before the market was closed.

Analysts say cotton futures have the potential to increase because they are weak in holding short positions and trade can not be sold at high prices.

One analyst said it was not clear that trade would be short at the top.

Due to the annual adjustment of world cotton price (AWP) adjusted in the US Commodity loan program, the ceiling of trade at high selling points has been lifted.

Trade will be sold at about 13.80 points above the adjusted world price.

Until Thursday, the adjusted world price was 38.37 cents and the resistance level was 52.20 cents.

However, business may not be willing to sell, unless demand is continued to expand after considerable export sales and shipments have been completed in the near future.

The exchange reported that on Thursday, ICE increased its daily cotton inventories by 1859 (500- pounds) to 216492 packets, equivalent to a week's inventory.

The exchange reported that ICE cotton holdings fell by 2564 to 133574 hands on Thursday.

The exchange reported that about 12887 hands were traded in cotton futures today.

Option trading, call option is about 1673 hands, put option is about 1989 hands.

Closing price range

05 months 48.15 -26 46.75-48.91

07 months 48.98 +25 47.50-49.39

December 53.62 +27 52.17-53.90

Editor in chief: Xu Qiyun