Cotton Futures Fell Nearly 2%&Nbsp; Market Focus On US Cotton Export Sales.
ICE Cotton 30 days
Fall
Nearly 2% of investors were depressed by sales, analysts said.
Agriculture
Weekly export sales report.
Comprehensive media reported on November 30th, Intercontinental Exchange (ICE) cotton fell 30 days, affected by investors
Selling
。
Analysts said that cotton fell by nearly 10% in November, resulting in a long-term economic crisis that affected cotton (20275, -10.00, -0.05%) demand.
ICE cotton fell 1.84 cents in March, or nearly 2%, to 90.91 cents / pound, and the trading range ranged from 90.70 cents to 93.67 cents / pound.
Cotton fell by about 10% in March November.
On the 29 day, the contract reached a low of 88.50 cents / pound. Thomson Reuters data showed that the contract came to its lowest level since early September 2010.
Mike Stevens, an independent analyst, said in a summary of the 30 day cotton market trend, "the lack of follow-up buying is a disappointing trend." Stevens
The market is concerned about the weekly export sales report to be released by the US Department of agriculture (USDA) in December 1st to determine whether China's strong buying of cotton will continue.
Over the past three weeks, the US Department of agriculture's weekly export sales report said that China bought more than 2 million 300 thousand export packages of cotton because China replenish its national reserves.
China has previously released cotton reserves to keep domestic cotton prices stable.
ICE data show that 29 cotton market is not open for 138214 hands, the last day is 136573 hands.
ICE data also showed that the total turnover of 29 days was 19103 hands, and the last day was 12078 hands.
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