ICE&Nbsp; The US Cotton Is Open High And Advanced.

On Tuesday, ICE cotton in the United States opened high, the United States cotton growth is not good, to provide support for the market. The United States Department of Agriculture reported that by Sunday, the United States cotton good to excellent rate was 60% lower than last week's report, mainly because the high temperature continues.

But independence

ICE Intercontinental Exchange's 10 year October contract opened at 89.90 cents, and the intraday concussion interval 90.34- 89.30 cents, closed at 89.08 cents, down -0.29 cents, Trading Volume 31 hands, the last day settlement price 89.37 cents, empty volume 973 hands.

In December, 10, the opening price was 1086. cents.

2011 03 month contract opening price 84.93 cents, intraday concussion interval 85.83- 84.63 cents, finally closed at 84.74 cents, down -0.09 cents, turnover 1295 hands, the last day settlement price 84.83 cents, empty volume 52059 hands.

On Wednesday, the India textile Ministry will require a group of government experts to allow only surplus cotton to be exported in the market year, which began in October 1st, to avoid domestic cotton shortages.

It is proposed to export 4 million 950 thousand bales of cotton in 2010-11 years (170 kg per pack), which is lower than the 8 million 300 thousand package exported in the market, because the textile factories complain that the export scale is large, causing domestic cotton shortage and rising prices.

Cotton production in India is expected to increase slightly to 5 million 100 thousand tons in the 2010-11 year, compared with 5 million 10 thousand tons last year.

Domestic demand is expected to reach 4 million 590 thousand tons.

Pakistan

The US stock market closed differently on Tuesday. The three big indexes fell for the first time in 5 years in August, and investors spent the worst performance in August since 2001.

The minutes released by the Federal Reserve's monetary policy conference deepened the market's unease over the outlook for us economic growth.

At 16:00 on August 31st, the Dow Jones industrial average rose 4.76 points to 10014.49 points, or 0.05%, while the Nasdaq composite index dropped 5.94 points to 2114.03 points, or 0.28%, while the standard & Poor's 500 index rose 0.40 points to 1049.32 points, or 0.04%.

The The Conference Board announced that in August, Americans' confidence in the economy improved slightly, and the consumer confidence index increased to 53.5.

This figure is better than economists' average expectations.

Crude oil futures closed lower on Tuesday, recovering the recent downward trend.

Crude oil futures fell 8.9% in August, the first decline since May.

The New York Mercantile Exchange delivered crude oil futures in October, down 3.7%, at $71.92 a barrel, and oil prices began to accelerate at the end of the session.

Gold futures closed higher on Tuesday, but after the release of the minutes of the Federal Reserve monetary policy meeting, gold futures fell back in the electronic trading system.

Gold futures rose the biggest monthly gain since August in April.

The New York Mercantile Exchange's gold futures traded in December rose by $11.10 to $1250.30 an ounce, or 0.9%.

Gold futures rose 5.6% in August and 5% in July.

ICE exchange data show that in August 27th cotton certification stock of 18690 packages, in August 30th, the certification stock reduced to 18420 packages, the withdrawal certificate inventory of 0 packages, to be certified inventory 0 bags.

Today's cotton turnover is about 16214 hands, the call option is about 4793 hands, and the put option is about 2937 hands.

The most active December contract lost 0.23 cents, or 0.27%, to 86.20 cents / pound.