New Multi Entry ICE Cotton Futures Positions Rose, Prices Rose

In January 10th, there was no hope of any solution to the closure of the US government. Trump and the Democratic Party once again talked about the collapse of the Dow Jones index, and the frequent shocks of the US stock market also kept investors away from the commodity market, including cotton.

So far, this week ICE cotton futures are still hovering over and over again, and the day has gone up sharply. The short-term operators prefer it, but from the general trend, the market still has no direction. What the market really needs now is about cotton, but now there is no guide for the USDA monthly report and the US cotton export weekly.

For cotton, the bad news now takes up a large part, and a lot, but from the later stage, the probability of Lido will be much higher than that of bad news. For example, the resumption of work of the US government will definitely make the cotton market spirit, and the Sino US negotiation is the same as "the moon strikes the earth".

In addition, the Fed's patience in raising interest rates will weaken the US dollar and is good news for the cotton market.

In January 9th, ICE cotton futures fell slightly in the face of "vacuum".

As the US government closed the longest record, traders were not active due to the cancellation of important cotton reports and data.

The more uncertain the market is, the more likely it will be to sell instead of buying.

Judging from the recent situation, the position of ICE futures has been rising and prices have also risen slightly, indicating that there are new bull markets, which is undoubtedly related to Sino US economic and trade relations.

Despite the cancellation of the USDA monthly report, according to market analysts, the US cotton output, export volume and final inventory will be lowered, while India cotton production will be lower than last month's forecast, so that the end of the global inventory will decline.