Cotton prices rose so fast us export cotton can also keep up with? - - - - - - Textile information - Textile net - Textile integrated service provider

To November 30, American cotton exports signing has been completed 70% of the USDA forecast, and sold the land for shipment of 2. 2 million bales cotton, has signed but not yet shipment of upland cotton 7. 5 million package, two together, the United States upland cotton in total sales for 9. 7 million bales. This year over the past four months the swab is complete about 70%, from a historical point of view is high. In the past five years, the signing of cotton in the same period of 50 - progress 60%. This year signed progress so fast, one of the explanation is that the USDA forecast is too low, the late need to rise sharply. If so, American cotton ending inventory will be a large number of consumption, supply and demand fundamentals in the United States also will be more bullish, futures prices in 70 - will slowly but surely 75 cents a higher level. Moreover, the current spot basis big also reflects the fact that market demand. If the cotton traders and textile factories continue to advance 'overdraft' American cotton contracts, textile trading may tend to point. If cotton traders buy spot basis is too large, leading to high grade cotton supplies, beauty so beautiful cotton exports may cool, weeks signings will reduce, American cotton export sales have been a few years ago. At that time, American cotton is usually the whole spring under the CCC loans, how cotton traders for goods from other areas.