Us Spot Prices Generally Rose And ICE Growth Limited Export Growth.

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Spot prices generally rose, and foreign enquiries in general were generally low. Enquiries in western desert areas and San Yue Jin areas were light, Pima cotton prices remained stable, foreign enquiries were light, and the date of installation was 11-12 months. Cotton prices were strong.

The average price of the seven largest markets in the US is 68.60 cents / pound, up 1.89 cents / pound from the previous week, up 10.17 cents / pound compared with the same period last year.

In the week, seven spot markets in the US traded 5901 packages, and the total turnover was 21032 packs this year.

There is widespread thunderstorm in the southeastern United States. The defoliation work is carried out normally and the harvesting work is advancing rapidly. The rainfall in the Delta region has resulted in the interruption of harvesting and defoliation work, and the cotton farmers are expecting the ideal yield.

Compared with the same period in previous years, the new cotton processing work in the southern part of Texas is coming to an end. The harvest in other areas continues.

The cotton growers are ready to harvest; the temperature in the western desert area continues to decline and showers, and the harvest in some areas is 60%. The defoliation work in other areas is accelerating. The temperature in the San Yue Jin area is decreasing, and some cotton fields begin to defoliate and harvest a little.

The domestic textile mills of the United States have an enquiry for new grade 4 cotton shipped in 1-3 next year, against grade 4 cotton.

Not bad. The small plant has not yet replenish its stock in the first quarter of next year.

US cotton exports are acceptable, but demand has dropped markedly since ICE futures rose. Japan has an inquiry for the 3 class green card shipment shipped in November.

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Cotton futures on the ICE exchange were unchanged on Monday, while other commodity markets rose due to a decline in the US dollar.

Cotton contracts in ICE12 rose 0.01 cents, or 0.01%, at 70.08 cents a pound, and 69.68-71 cents in intraday trading.

RogersVarner, President of VarnerBrokerage, Mississippi, said the initial price rise was due to reports of hailstones in Western Texas, which damaged cotton crops. But after that, the market returned most of the gains, as information showed that the damaged cotton was only an isolated event.

LouisRose, an independent cotton trader and RiskAnalytics consultant, said the fall in the US dollar also contributed to cotton prices.

On the outside side, traders' profit on the four consecutive trading days of the US cotton market was reduced due to a weaker concern over the damage to cotton in Texas. Last Friday, ICE cotton futures fell more than 2%.

The latest report of the US Commodity Futures Trading Commission (CFTC) showed that as of September 20th, hedge funds and large speculators held 105367 long positions in cotton, 31010 short positions, and 74357 net long positions, the highest in six weeks.