Weather factors offset the downturn in the U.S. cotton exports continue to risePublished: 9:04:11 August 9,2013 Views: 222
Wanda Futures Du Ying
Although one week as of August 1, the U.S. cotton exports contracted only 18,400 tons of new cotton, shipping only 30,000 tons, showing consumption is still in the doldrums, but the eastern United States cotton rainfall and western Texas drought in the next two weeks will continue to continue to attract speculative buying, overnight ICE Cotton continued to climb, the main December contract up to 89.42 cents / lb, challenging June 89.56 cents / lb high pressure level, closed closed 0.92 cents to 89.25 cents / lb, the continuation of the upward trend has not changed. Currently Chinese textile enterprises high inventory, ICE cotton futures rose sharply to restrict consumer buying cautiously bullish ICE Cotton, concerns Monday night USDA's monthly supply and demand report.
Thursday ICE Cotton continues to rise across the board, the main December contract closed Yang, challenge the previous 89.56 cents / lb high pressure level, the short-term moving average system was arranged long rise, KD and MACD indicators continued rise in long array, MACD indicators Hongzhu growth is expected to continue rising, 12-month contract will challenge the 89(http://www.best-news.us/).56 cents / lb strong pressure, such as finite breakthrough, upside target is approaching 94 cents / lb line, otherwise it will continue 82-89 cents / lb horizontal tray area.
Since March 2014 the domestic purchasing and storage of new policies after the end of the current reserve policy basically established, both inside and outside the spread of cotton will return to the market so strong rise in defiance of international cotton prices, policies, excessive interference cotton Zheng Zheng cotton lose the hedge and hedge features cotton-related enterprises remain sidelines on the other hand, investors are still not optimistic about the post-1405 agreement as the representative of the era cotton purchasing and storage, initiative selling pressure on cotton prices in this case, if the policy is expected to does not change, the future is easy or difficult Zheng cotton rose, Zheng cotton to keep short ideas do not change, every rebound pressure level continue to overweight the forward contracts empty one, 1401 contract term support remains at 19,700 yuan / ton line. Sina statement: Sina posted this article for the purpose of passing more information, does not mean agree with their views or confirm the description for information purposes only and does not constitute investment advice(Finance News http://www.best-news.us/). Investors pursuant to operate your own risk.
www.best-news.us Best News, Latest News and Current News from best-news.us. Latest Current News: U.S., China, World, Entertainment, Health, Finance, Business, echnology, Travel, Politics, Sports.
- 11:23 August 9,2013Significant shareholders more than half the average daily cash 170 million private equity bearish GEM
- 11:22 August 9,2013Chinese Qin Hair profit warnings expected first half profit fell
- 11:20 August 9,2013Perennial mid earn 28.43% interim dividend of 1 cent
- 11:15 August 9,2013BNP Paribas: mainland inflation lower than expected attention HSI Bull 63021
- 11:14 August 9,2013England Gold: Silver prices jumped the gun l wear resistance extending from April
- International high school teacher: alert students of the six black intermediary fabricate lies
- Domestic tourism e-commerce broken red blue smoke
- Summer Play Creativity: Guangzhou fertile sister to accompany children into the community over the summer!
- "I am a nutritionist" contest HEALTH help professional training
- Dr. invented "artifact" shows you how far away from the bus (Figure)
- Li Keqiang, accompanied by Thai Prime Minister Yingluck investigation "One Village One Product" project
- Jinan rising proportion of elderly population pressures facing social pension
- Cap three times with blood, how? Distal 7 points he deserves Liaoning first small forward
- Dragon Ma Xinmin marrow rescue ambulance driver: "It's like more of a family"
- Suning to sell liquor fund platform with Ali competitive upgrade
- Foshan factory production of new Volkswagen Golf offline
- The story of John Deere
- Founded three years of losses 75,000,001 亿 difficult to pull replenishment Bank of New York decline
- Qingdao two men struggled triggered stop gang fights caused by a broken human spleen
- Texas bus overcrowding 30% reselling to transit traffic police checked hide
- Why European small-cap fund miscues
- China Star of Hope staging
- Chess Asian Individual Championship Changhong into Sydney: Australia fight to get government recognition
- Rothschilds' money empire
- Bao Xin Technology: Acquisition of Friends of intellectual technology, to enter the green energy industry
- Two quarters of private new 45 shares zexi heavily loaded Fenghua shares
- Malicious like viruses accounted for half of 27% ranks first in safety
- Boss jailed for refusing to pay for work
- No longer the soup nutrition
- "National Geographic" 2013 Photography Awards (Photos)
- Guangdong Foshan 90 organizations after riding 40 music when shoot-off
- Fit models maximum discount 8000 yuan shop is sufficient car
- Beijing high-end property market is becoming more competitive
- Rush Erlianhaote now border travel peak
- Dreaming Millennium Qin Dynasty night revelry Water World