Cotton Prices Are Hard To Rise Without Substantial Profits.

In November 13th, the market still had no positive factors to drive cotton prices up, and ICE futures fell again under the pressure of selling. On Tuesday, US President Trump's position was unfavourable to the negotiations between the two sides. Foreign media analysis shows that China is closely following Trump's impeachment, and if his credibility is in doubt, it will increase China's bargaining chip.

At present, the US cotton harvest has been completed 62%, far higher than the same period last year 53%, also higher than 59% nearly five years average. The weather in the cotton producing area of the United States is improving, which is beneficial to the harvest of new cotton. Some areas are relatively slow because of the early freezing rain and snow.

This week's US cotton export Weekly has been postponed for a day due to Monday's Veterans Memorial Day. USDA expects us cotton exports to be the highest in 14 years this year, although many traders think it is not realistic, but if China returns to the market to import US cotton, its export forecast will change a lot now.

In November 12th, ICE futures fell slightly, and the next step in the negotiations between China and the US is still not clear. The strong US dollar index is also bad for us cotton exports. Analysts believe that the current market is still lacking strong bullish factors, the prospects for Sino US negotiations are still confusing, and the market is still lacking confidence in the price trend.