Cotton Prices In New York Are Rising And Falling, And Domestic Cotton Prices Remain Stable In Pakistan.

< p > by Dezhou will welcome the precipitation to suppress the forward contract, the cotton in New York is going up and down.

Cotlook spot price rose slightly.

The US cotton bud is nearly 7, and its growth progress is lagging behind; CFTC has increased its total holdings, and its commodity index has increased by more than 138; the domestic cotton prices in Pakistan have been stable and the new flowers have grown well; Egypt registered last week exported 96 tons of long staple cotton, and the rain returned to Dezhou, Southeast of the cotton area this week.

< /p >

< p > 1, futures < /p >

< p > October contract settlement price was 85.35 cents / pound, up 22 points; the main contract price in December was 85.10 cents / pound, up 2 points; other forward contracts generally fell slightly, mainly due to favorable rainfall in Dezhou.

< /p >

< p > the market opened in the middle of the market. The main contract in December was short of support in the early morning. The support fell to the lowest 84.52 cents / pound on that day. After buying the market, the contract rebounded, and the latter half of the paction was oscillating between 84.8-85.1 cents / pound to maintain the consolidation pattern.

Forward contracts fell slightly in the market hype of drought hit Dezhou.

< /p >

< p > two, spot < /p >.

< p > 1CotlookA index 92.45 cents / pound, up 30 points.

Imported cotton price index (FCIndex) SM reported 98.69 cents / pound, up 79 points; M reported 95.96 cents / pound, up 81 points; SLM reported 94.58 cents / pound, up 52 points.

< /p >

Cotton rebounded on Friday in New York P cotton rebounded slightly reflecting the psychological price of most traders.

Market pactions were limited, including only cotton and bonded cotton on the way, for immediate shipment to Bangladesh and some Southeast Asian markets; Egypt sent sporadic enquiries to West Africa.

According to reports, 15 spot trading is mainly outside the bonded area cotton, India cotton price 18400-18500 yuan / ton, Australia cotton 19500 yuan / ton.

< /p >

< p > three, and each country's dynamic < /p >.

According to the US Department of agriculture (P), according to the US Department of agriculture (USDA), by July 14th, the emergence rate of new cotton flowers in the United States was 69%, an increase of 18 percentage points from the previous week; 80% in the same period last year; 75% in the past 5 years; 17% in the last 5 years, 7 percentage points higher than that in the previous week; 34% in the same period last year, 29% in the last 5 years; and 74% in the new flower growing normally, decreasing by 29% percentage points compared with the previous week; and the abnormal ratio was 74%.

< /p >

< p > according to the latest fund position report issued by CFTC (Commodity Trading Commission), as of July 9th, the New York cotton futures market fund's non commercial futures plus options held more than 74609 net positions, an increase of 3371 compared with the previous week. Only 65772 futures of non commercial positions were increased, and 3124 more; only 69998 more products index funds increased by 138.

< /p >

< p > despite the recent weakening of New York cotton, Pakistan's domestic cotton market is still relatively stable and its price is strong, mainly due to the shortage of new flowers and the recent increase in sales demand of traders.

< /p >

< p > Egypt registered 96 tons of long staple cotton a week in July 13th, and registered 69462 tons of long staple cotton this year, of which 77% has been shipped.

< /p >

< p > 1 local showers and storms reached the southwestern cotton region of the United States, bringing good rainfall to the local continuous drought cotton area. Following the last weekend's precipitation process, the southeast cotton region is expected to continue to rain this week; the central and Southern cotton region has a greater probability of local thunderstorms on 16, and the local weather is good overall, which is conducive to crop growth. Due to excessive rainfall, the growth of cotton in some cotton regions is still below the previous year; the western California cotton basin Dezhou SJV basin will continue to have a high temperature of about 40 degrees Celsius this week.

< /p >