General Cotton Exports Generally Cotton Farmers Sell Less Cotton And Expect Prices To Rise.

July 31, 2015 -8 6,

The average price of seven standard market spots in the country is 61.25 cents / pound, up 0.01 cents / pound from the previous week, down 3.36 cents / pound compared with the same period last year.

In the week, seven spot markets in the US traded 2268 packages, and the total turnover was 2106416 packs this year.

During the week, the price of cotton and Pima cotton in the United States was stable, and foreign enquiries were scarce.

There is a slight drought in the southeastern cotton area of the United States, and many cotton areas are in urgent need of abundant rainfall. The new cotton boll situation is generally faster than last year; the rainy weather in the northern part of the Delta in central and southern China has eased the high temperature and the overall condition of the seedlings is good; the new cotton is growing well, and the progress of the new cotton is lagging behind in previous years; the maturity of new cotton in the southern part of Texas is different, and the harvest period may be prolonged. The new cotton in eastern Texas is suffering from high temperature and some cotton fields may be abandoned. There are scattered thunderstorms and uneven rainfall in the western part of Texas.

The growth rate is good, the bell making progress is better than in previous years; the temperature in the San Yue Jin area is suitable, the bell ring condition and the growth are excellent; the Pima cotton is low temperature and rainy, and the defoliation work will start in 2-3 weeks, and the new cotton will grow well.

U.S.A

The factory has an inquiry price for 4 grade cotton new flowers and old flowers shipped from November to December this year. The textile industry has adequate stock in the four quarter, and the demand for air spinning and ring spinning is still strong.

Generally speaking, the export situation of US cotton is generally low.

Overall, the early harvest of the US cotton plant has just started. In the southern part of Texas, excessive rainfall in spring, the output may be greatly reduced. Cotton farmers sell a very small quantity of new cotton. They are expecting cotton prices to rise to 70 cents.

Many hope that this week's USDA monthly report will bring good results, while the air side believes that the United States cotton.

The situation is worse than expected. If the forecast is not good, cotton prices may fall below 60 cents.