Texas led worry of the crop prices into the weather hype - Textile information - Textile net - Textile integrated service provider

In recent weeks, hail and strong winds weather in Texas plains areas of the United States to bring adverse effect of the crop, the market for the damage of the crop and QiGeng rate of awareness has improved significantly. The United States department of agriculture will be released in August monthly report according to the on-the-spot investigation of the cotton planting area, yield and production, including QiGeng rate is also key elements of production. According to the usda ShiBo area report, planting area of the United States this year is 1205. 50000 acres, although the intention of planting area is slightly lower than the end of march, but still 20% year-on-year growth. Among them, the biggest producer of the southwest of the planting area of 7. 1 million acres, up 19% from a year earlier, as the highest since 1981. This year, the American southwest upland cotton area of 60% of America's total area of the upland cotton, flat year-on-year, while 57% of upland cotton in the region is located in the plateau area of Texas, below last year's 61%. July monthly report to the United States department of agriculture based on nearly 10 years of average QiGeng rate is calculated, the United States this year cotton QiGeng rate was 7%, higher than the 6% of the previous two years, American cotton harvest area of 112 million acres, including southwest QiGeng rate was 10%, the better level belongs to history. Damaged cotton region reflect the situation, according to Texas in some parts of the wreck a half of the crop, QiGeng rate could reach 18 20%. As the market is the damage of the crop growing concerns about Texas, on July 18, the ICE futures under the pull of some short-covering continue to rose for the third straight day. At present, the market has entered the stage of weather hype, printed in The Three Kingdoms of China and the United States weather conditions have a significant impact on cotton prices.