Cotton Planting Is Expected To Push Up Cotton Price &Nbsp, And The Market Will Continue To Rise In The Long Run.
U.S.A
Cleveland, a well-known cotton expert, recently wrote that the intention of the US Department of agriculture to launch cotton planting is the latest week.
Cotton price
The main driver of the rebound.
It is worth noting that this is ICE.
futures
This is good news for cotton farmers, which is bad news for the global textile mills, and for worries about global inventory growth.
Investor
It is like a ray of sunshine.
In addition, the textile factory pricing paction under the ICE futures contract (May contract and July contract) is still decreasing, but the speed is slowing down obviously, which is a support for the price of the old flower contract.
From now on, the new flower contract will lead the market, so the market will pay more attention to the planting situation in the northern hemisphere.
USDA intention
cotton
The forecast once again shows that cotton prices will not fall further, and the prices of other crops will also be the same.
In fact, the output of various crops in the United States in the new year can not be any loss. Cotton, soybeans, corn and wheat will fight and kill in the war of contention. Only a collective fall can drive a species down.
At present, the inventory level of these crops is not high, and it is urgent to increase production. Therefore, unless the actual planting area continues to expand, the price will remain at a historical high.
For cotton, USDA's intention to predict cotton planting and the intention forecast of NCC in early 2011 were basically flat, an increase of 15%, significantly lower than the market forecast of 20%.
The forecast of supply and demand by the US Department of agriculture, which is about to be released in April, will also be good for cotton prices.
However, such expectations may have been digested in the market ahead of time, so cotton prices may fall after the report is published.
Nevertheless, the monthly report will continue to play a supporting role in the long-term trend of the market.
Due to fears that cotton will not be available for sale in 2011, cotton traders in the United States continue to buy back the cotton that has been signed, which may result in a reduction in actual sales this year and an increase in spot supply next year.
Nevertheless, the tight global cotton supply will continue until 2013. If the actual sown area of US cotton is expected to be reached in 2011, the sown area in 2012 will continue to expand, and cotton prices will still need to rise. The December contract is expected to rise to 140-150 cents / pound.
Conversely, if the actual coverage area is much bigger than expected, the price will drop to nearly 1 US dollars.
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