March 11Th ICE Cotton Review: Cotton Futures Closed Up Slightly
Wednesday (3.11) ICE American futures exchange cotton The stock market rose slightly and the stock market swayed, which had an impact on the cotton market, and the macroeconomic influence exceeded the fundamentals.
In May, cotton gained 2 points, 41.82 cents per pound, and July contracts did not rise or fall, at 43 cents per pound.
The cotton market opened slightly higher today, and the morning market gradually increased. weaker dollar Provide support. Cotton market The zigzag movement during the remaining time basically ignores the impact of the USDA's output and supply and demand negative factors. Cotton futures follow the stock market and speculators dominate market pactions. The stock market has withstood a sharp fall, almost flat. Cotton held high, but the market plummeted. However, before the market closed, the decline was basically flat.
Analysts say cotton Continue to follow the macroeconomic boom, the current macroeconomic factors are full of speculative instability. Overseas buyers lack credit, and cotton producers have to leave the cotton market. One analyst said cotton futures gradually approached the resistance level of 45 cents in May.
Now, investors are waiting for the US Department of agriculture's March 31st report on planting intentions in 2009, hoping to find clues in the cotton market. At the same time, the wider economic boom will also affect. Cotton market 。
The exchange reported that on Tuesday, the ICE cotton day inventory was reduced by 4 (500 pounds) to 227949 packets and 810 bags to be registered.
The exchange reported Tuesday that ICE's cotton empty volume increased by 3048 to 121487.
The exchange reported that there were about 6598 hand to hand options trading, about 1982 hands on call options and about 864 hands on put options.
Closing price range 05 months 41.82 +2 41.57-42.47 07 months 43 no rise or fall 42.77-43.60 October 45.55 +9 point 45.55-45.79 December 47.06 +8 point 46.90-47.59
Editor in chief: Xu Qiyun
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