Cotton In The United States To Purchase Agricultural Products List Cotton Trend Is Still Unclear.
After the Spring Festival, commodity futures, including cotton, gradually stabilized and rose under the impetus of the expected outcome of the Sino US trade negotiations.
Last week, the US negotiator, reet, said publicly that cotton futures, including China's list of US agricultural products, responded swiftly to ICE, rising by more than 1% in March 1st, the highest in a month.
Within a month, ICE futures have rebounded nearly 5 cents from the lows to the top of 74 cents.
According to information from the United States, Trump plans to sign the final agreement with Xi Jinping in Lake Lake estate in Florida in the middle of 3.
However, almost every day since the end of December last year, rumors about the negotiations have been heard.
After countless days and nights, the market will gradually become insensitive to all kinds of rumors and feelings.
Moreover, if cotton prices increase substantially, the US cotton breach will probably happen again.
Under such circumstances, the textile mills have also taken a cautious attitude and do not easily increase long-term replenishment.
For the United States, China should not only write in black and white to buy the United States cotton, but also have specific quantities and time points, but also have a strong enforcement mechanism to ensure that all the contents of the agreement are truthful, otherwise the agreement in the agreement will be cancelled.
For the United States, it is far from enough to make only a general quantity and time commitment, because China can have enough time to decide when to buy, and for China, once the time and quantity of procurement are determined early, the market is obviously completely manipulated by the American people.
China bought a lot of beans in February this year, but the price of soybeans did not rise.
The US industry said that in order to cooperate with the implementation of the Sino US agreement, China needs to issue additional 80-100 million tons of cotton import quotas, and the best way is to import it in reserve.
From a technical point of view, the ICE futures contract in May has shown an upward trend.
As of February 19th, the fund has a net short of 18854 hands, once there is good to promote cotton prices up to 75 cents, the May contract is easily driven by the purchase of the fund to 80-82 cents impact, cotton prices will usher in an inflection point.
This also seems to accord with the characteristics of cotton price entering the seasonal rising channel in spring.
It looks optimistic, doesn't it?
Judging from the results of last week's us - DPRK talks, everything could be radically changed before signing. Anything could make Trump change his mind at the last minute.
Therefore, the market needs to be vigilant and prepare for the best and worst preparations to meet the larger volatility that may occur in the short-term market.
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