US Cotton Spot Weekly Review (6.25-7.01)
According to the United States
Ministry of Agriculture
The weekly report of the Department of agricultural products market, the average price of cotton spot in the week of June 25, 2010 -7 01 rose 41 points over the week.
As of Thursday (01 July 2010), the basic quality cotton (chroma 41, leaf dust 4, fiber 34, micron value 35-36 and 43-49, strong 26.5-28.4, neat degree 81) in seven designated markets a week average price is 76.63 cents per pound.
This week's average price is higher than last week's average price of 76.22 cents, and last week's average price of 51.11 cents.
The highest price on Sunday averaged 77.22 cents on Friday (June 25th) and the lowest point was 76.15 cents on Wednesday (June 30th).
As of the end of 01 July, a week of cotton
Goods in stock
The spot report of the market report totaled 627 bales, compared with 4195 packets last week, and 23141 packets in the same week last year.
In the same year, spot pactions totaled 886721 packages, compared with 1306741 packets in the same week last year.
Thursday's ICE New York cotton settlement price in October was 79.10 cents, compared with 80.01 cents last week.
2009-2010 spot paction
Southeast market.
Cotton spot trading stopped.
Growers offer light.
List of requirements.
The local average price is stable.
Supply quantity
Detailed list.
CCC- loan interest trading stopped.
Central and Southern markets.
In the northern part of the Delta, cotton spot trading is stagnant.
The supply is light and the demand is light.
The local average price is stable.
CCC- loan interest trading stalled.
In the southern part of the Delta, cotton spot trading stopped.
The supply is light and the demand is extremely light.
The local average price is stable.
CCC- loan interest trading stopped.
The southwest market.
Eastern Texas / Oklahoma spot trading is lazy.
The supply is light.
The demand is light.
The local average price is stable.
The supply is very small.
CCC- loan interest trading stopped.
In Western Texas, cotton spot trading is lazy.
The supply is light and the demand is light.
The average spot price is stable.
No forward contract or domestic textile factory behavior report.
Western market.
The spot cotton trade in the southwestern desert area (DSW) is stagnant.
List of supply and demand.
The local average price is stronger.
No forward contract or domestic textile factory behavior report.
San waking Valley (SJV) cotton spot trading lazy.
The supply is light.
The demand is light.
Local spot prices are strong.
No forward contract or domestic textile factory behavior report.
Pima cotton.
Spot trading is lazy.
The supply is light.
Demand is stable.
The average spot price is stable.
Cotton enquiries for foreign textile mills were stable in 2010.
China, Germany and Pakistan have the largest number of enquiries.
No forward contract or domestic textile factory behavior report.
Textile mill report.
The domestic textile mill buyers have the right amount of 2010 cotton (chroma 41, leaf chips 4, fiber 34), September /10 months delivery.
In addition, there are moderate enquiries. The demand for good enquiries is a better color, 51-, 4-5 leaf and fiber 34- longer cotton supply, delivery is the first quarter of 2011.
Some textile mills plan to shut down for a few days on holiday weekends.
Most of the ring spinning mills continue to operate because of the strong demand for yarn.
Enquiries for export channels are moderate.
The agent of Thailand textile mill asks for the right amount of cotton delivered in December (chroma 31, leaf chip 3, fiber 35-36).
The Turkey textile mill asked for appropriate quantities of USDA green card grade cotton (chromaticity 31 and 41, leaf chips 3 and 4, fiber 33- longer), delivery from March 2010 to May.
In general, cotton grows well and the weather is basically ideal.
According to the June 30th report of planting area, the planting area of upland cotton is expected to be 5 million 700 thousand acres, an increase of 14% over the previous year.
This week, the average temperature of the main cotton growing areas was high, which accelerated the growth of cotton and the buds rate increased by two digits.
From the whole country, the cotton bud rate is 48% this weekend, which is 19 points higher than that of the same week last year, which is 9 points higher than the average percentage of 5 years.
As of June 27th, the fruit set rate was 8%, unchanged from the same period last year, but slightly below the 5 annual average.
Overall, 62% of cotton is excellent to excellent, same as last week, but 20 points higher than the same period last year.
In mid June 2010, the average price of Upland Cotton received by farmers was 66.20 cents per pound.
By comparison, May was 66 cents a month and June 2009 was 45 cents, which included deliveries for forward cotton, and 109 in June, the same as in May, but 47% higher than last year.
In June, the price was 66.20 cents, 0.2 cents higher than May, 21.2 cents higher than last June.
The US Department of Agriculture reported that all cotton planting areas in 2010 were 20 million 900 thousand acres, 19% higher than the previous year.
The planting area of upland cotton is about 10 million 700 thousand acres, 19% higher than that in 2009.
Pima cotton has an acreage of 209000 acres, up 48% from 2009.
Cotton forward contract in 2010.
By the end of June this year, the signing of HP cotton is about 16% of the expected planting area, which is 2% higher than that of the same period last year.
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