MEIKO Futures: Ask How Many Cows &Nbsp Can Cotton.

　　 Outer disk Trend, ICE cotton futures Still at a historic high level, the amplitude was 10 cents last week. The price gap between 2010 and December 2011 contracts is shrinking, and the price war between cotton, corn and wheat has started, which will affect the planting area of crops next year. From the perspective of technical graphics, the December contract has not yet been explored for 120 cents to rebound sharply, but there is no obvious effect at the top. resistance 。

News, at present, more attention has been paid to cotton prices which have nearly doubled over the same period last year. The executive meeting of the State Council recently held that it should continue to take measures to stabilize market prices, do a good job in cotton reserves and Xinjiang cotton transportation, and CCTV's "economic half-hour" column specifically reports on the soaring cotton market in the short term. In view of the fact that cotton yields and quality all show a "double drop" situation this year, there is a reason for the high cotton price era. However, the high cost cotton processing in the mainland is facing an embarrassing situation of poor sales. Most places have no market price, and the smooth transmission of prices on the industrial chain needs to be dredged. Therefore, if the downstream gauze Market is lagging behind the cotton market, high cotton prices are likely to be crumbling. All parties should take risk control seriously at the moment.

In the international market, in October 29th, the price of China's main cotton imports varied. Cotton, India cotton and Central Asia cotton fell nearly 2 cents, while West African cotton and Australia cotton rose slightly. Although the number of contracted cotton products in China has decreased in recent weeks, due to the poor quality of real estate cotton, the attention of textile enterprises to foreign cotton is still low, and the international cotton price is still expected to remain at a high level before the end of the year. The price of C/A cotton in the US is 151.10 (cents / pound), and the general port trade delivery price is 25272 yuan / ton (calculated according to the sliding tax).

Domestic market, in October 29th, the national cotton price A index 27428 yuan / ton, rose 333 yuan; B index 26956 yuan, rose 303 yuan. Domestic cotton prices continue to rise. Recently, the price of seed cotton has been strong, and the pressure of purchasing funds from cotton enterprises has increased. As for lint, the transportation proportion of sugar, coal, natural gas and other materials in Xinjiang Sinotrans truck has increased obviously, and the difficulty of cotton outward transportation has increased. In addition, the quantity of cotton imports to the port has increased. In addition, affected by the power cuts in the early years, the production capacity of grey fabric is limited, resulting in tight supply and rising prices. In the short term, the high price of downstream cotton fabrics is hard to come down.

Market analysis, ICE cotton futures are still on the historical level of sharp shocks, from the perspective of technology graphics, December contract has not yet explored 120 cents rebounded sharply, there is no obvious resistance above. Zheng cotton overall bullish trend remained intact, focusing on October 27th low point support.

　　 It is suggested that cotton trends tend to be more than single holdings, breaking the low point of last Wednesday and stopping the profits. Those who wait for the market will be able to try to catch up if the market price is higher than before.