U. S. Cotton Futures Set A Continuous Record Of &Nbsp; White Sugar Cotton To Lead The Banner Of The Banner
After a few days of soaring grain futures, the light gradually subsided, and cotton and sugar futures took the lead. The ICE traded third consecutive trading days in Zhengzhou, while the white goods and cotton futures on the national commodity exchange of Zhengzhou broke the historical record last Thursday and Friday respectively.
The external market rose 8.17% in three days.
Domestic sugar and
cotton
The first two varieties after the Spring Festival
Trading day
The performance is not outstanding, but then it will catch up. The white sugar main contract set a record high of 7575 yuan / ton last Thursday, up 0.36% last Friday, and cotton futures also set a new high of 34390 yuan / ton on Friday.
Huatai the Great Wall futures analyst Zhou Jianrui believes that sugar and cotton futures are mainly driven by external markets. Cotton futures in the US Intercontinental Exchange (ICE) have been refreshed for three consecutive trading days, with a total gain of 8.17% and a 0.45% rise in sugar futures.
On the other hand, domestic speculation on the dry weather in the North has driven the price of agricultural products to rise, and two varieties of sugar and cotton will inevitably be affected.
Waiting for the opportunity to rush again.
The two varieties of sugar and cotton started again, which led some investors to think of the popular market from September 2010 to November.
But Liu Qingli, an analyst with GF, said that from the basic point of view, sugar has already entered the low consumption season.
In addition, because sugar prices and cotton prices are very high in 2010, farmers may be able to grow white sugar and cotton by planting other agricultural products.
"The government's regulation of inflation is also destined for this year.
commodity market
The rise will be more difficult than 2010. "
Huatai the Great Wall futures analyst Xiao Wei Kai believes.
However, "under the support of inflation expectations and costs, cotton and sugar are also hard to fall, so in the short term, the pattern of high volatility will remain high near the high peak, waiting for the right opportunity to go up again."
Liu Qingli said.
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