On April 23, although the Chicago grain fell, ICE cotton futures still rushed sharply. Under the trend of bad weather in the United States and a decline in planting area, traders have begun to re -evaluate the market.
On the same day, ICE cotton futures closed close to the daily limit. The super performance of the Chicago grain allowed traders to take it seriously. In this case, there will be more in the United States Delta and Southeast China. There are many cotton fields to plant corn and soybeans, which has an impact on the cotton market.
In the week, Chicago Soybean rose 7.5%, reaching a record high, corn rose 12%to a new high of eight years, and cotton rose 4.5%. Both soybeans and corn need more area, and cotton is also unable to bear the loss of more area. What is the final ending? It will not be known until the end of June will be released.
At present, western Dezhou in the United States is still firmly controlled by drought. The market believes that if the drought continues, the real area of cotton will decrease. Although La Nina’s climate will gradually retreat, the impact on the cotton area of the United States will always exist. This year, the cotton revenue of cotton cotton is likely to be a high number.
The latest weather forecast shows that in the next 16 days, there will be a large -scale heavy rainfall in Dezhou in the United States, and some areas in western cotton areas will usher in rainfall. Tian resumed sowing is very favorable. At the same time, excessive rainfall in the central and southern region leads to delay in cotton sowing, which may affect the final real broadcast area.
In addition to the weather and dispute factors, the product is both an investment tool and a weapon to fight inflation. The transition period will still be unknown for a long time, but now it happens that it happened on the ground, and cotton is part of the rise in prices.
Foreign analysts believe that the net bulls of ICE Cotton Futures Fund have decreased for two consecutive months, but the price of cotton is not falling, and the market holding has continued to reduce. This is typical. This is typical. This is typical. Blind replenishment, according to the current situation, the fund may make more, and there is a lot of space. In terms of technical graphics, the long -term rising pattern will be formed after the adjustment of cotton prices. In the next month, it will continue to fluctuate around the weather. During the price recovery process, it will be supported by spinning warehouses. </p
