August 29Th ICE: Cotton Futures Market Shrink

Wednesday (8.29) ICE Intercontinental Exchange in New York

Futures opened higher, and the October contract opened at 74.79 cents, the highest 75.87 cents, the lowest 74.79 cents, ending at 75.83 cents, up 1.044 cents from the previous day. The main contract in December opened at 75.64 cents, the highest 76.88 cents, the lowest 75.40 cents, and finally closed at 76.65 cents, up by 1.03 cents from the previous trading day.

Market analysts pointed out that today's cotton futures rose, but the global cotton supply is huge, will continue to restrict the rise of the cotton market.

Knight futures Sharon Johnson said that because the market is strong and traders begin to adjust parts before the long weekend comes, they may activate some buying stops in the market.

There is nothing new in the weather, including hurricane Isaac, and there is nothing new in India.

She added that the US Department of agriculture will issue a new export sales weekly today, which will provide some directions for the market.

ICE Intercontinental Exchange's cotton delivery in December closed 1.3% today, closing at 76.65 cents / pound, with a thin volume.

The US stock market closed slightly higher on Wednesday.

The Fed's report on the economic situation shows that the economy of the 12 regions of the Federal Reserve has been growing slowly.

The market await Bernanke's speech at the annual meeting of the Fed this weekend.

On the economic data side, the US Department of Commerce announced that the US GDP growth in the 2 quarter was expected to rise by 1.7%.

In the two quarter of 2012, the annualized growth rate of GDP (gross domestic product) was 1.5% (Revised).

The economic data released this week failed to spark investor interest, and the stock market volume was low because many people were on holiday before labor day.

August 29th cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 71.99 cents / pound, the highest annual price 72.29 cents in August 21, 2012; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 76.79 cents / pound.

In August 29th, 1927 cotton bags were sold in the US spot market, and 36356 bags were sold this year, and 9762 bags were sold in the same period.

In August 28th, there were 21106 packages of NY certified stock and 0 packages to be certified.

In August 29th, the United States spot market Pima cotton, 2 (fiber 46) 116 cents / pound, 3 (fiber 44) 98 cents, 3 (fiber) 103 cents, 0 bags, the annual turnover 170 bags.

The US Department of Agriculture announced the global adjustment price (AWP) of 63.14 cents on -8 30 August 24th.

In August 29th, the Cotlook cotton Outlook Index weakened, and the A index fell 50 points, to 85.40 cents / pound.

In August 29th, China's cotton price index CC Index 328 nationwide weighted average price closed at 18480 yuan / ton, up 24 yuan.

CC Index 527 closed at 16151 yuan / ton, up 13 yuan, and CC Index 229 closed at 19473 yuan / ton, up 11 yuan.

In August 29th, China's cotton import price index (FC Index M) was 89.32 cents, down 0.37 cents.

In August 29th,

1301 the contract opened at 19355 yuan / ton, closing at 19460 yuan / ton, up 95 yuan / ton compared with the previous trading day, the highest price 19520 yuan / ton, and the lowest price 19340 yuan / ton.

Turnover increased sharply to 137376 hands, and holdings dropped by 3750 to 260724.

In August 29th, the Zhengzhou PTA1301 contract opened at 7470 yuan / ton, closing at 7482 yuan / ton, down 40 yuan / ton compared with the previous trading day, or 0.53%.

Turnover increased to about 1 million 727 thousand and 600 hands, and positions were reduced by 15458 to 649 thousand and 600.

In August 29th, the Dow Jones industrial average rose 4.49 points to 13107.48, up 0.03%, and the NASDAQ (micro-blog) composite index rose 4.05, to 3081.19, to 0.13%; the standard & Poor's 500 index rose 1.19, to 1410.49, and 0.08%.

In August 29th, the New York Mercantile Exchange delivered gold in December (1660, -3.00, -0.18%).

Down 0.4%, to $1663 an ounce.

Crude oil deliveries in October (95.13, -0.36, -0.38%) futures fell 0.9% to $95.49 a barrel.