August 22, 2012 ICE Cotton Futures Fell Slightly Profit Taking

Wednesday (8.22) ICE Intercontinental Exchange in New York

A slight decline, October contract to 75.92 cents lower, the highest 76.07 cents, the lowest 74.40 cents, and finally closed at 76.07 cents, down 0.38 cents compared with the previous trading day, the main contract in December opened at 76.90 cents, the highest 77.05 cents, the lowest 74.90 cents, and finally closed at 76.97 cents, compared with the previous trading day fell by 0.33 cents, turnover volume 20068 hand, no open hand hand; March March contract closed in the cent, compared with the previous trading day fell by cent.

Cotton futures fell in early trading today, but some buying before the market helped the market recover some of the lost territory.

There is no cross day breakthrough in the market trading area, highlighting that today is a highly restrained market.

John Flanagan of Flanagan's trade said that the recent rise in the market was due to the high price of corn and soybeans and the buying of hedge funds into the market.

They are entering the market for agricultural products.

Today's ICE Intercontinental Exchange lost 0.4% cotton futures in December, closing at 76.97 cents / pound.

The market is looking forward to the US cotton export sales weekly released by the US Department of agriculture tomorrow morning at 8:30. This report is a weathervane for cotton demand. Today's cotton futures have dropped a large amount on the basis of yesterday's rise.

Chris of INTL FCStone said that many people expected that after yesterday's surge, the market would see a pullback.

Everything depends on how China does it, but China has nothing to do with it.

In addition, cotton growth in India is good. The government of India said that even if the rainfall in the rainy season is decreasing, cotton planting is still in progress. Cotton has been growing well so far, but it is still too early to predict the final production.

Hearing the news, some investors in the cotton market successively made profits.

The US stock market closed differently on Wednesday.

The Federal Reserve released the minutes of the last meeting of the monetary policy conference on Wednesday.

According to the minutes, several fed directors said at the meeting that unless the US economy showed signs of lasting recovery, it would probably be necessary to take more economic stimulus measures in the near future.

The US Congressional Budget Office (CBO) reported that the US budget deficit for fiscal year 2012 is US $1 trillion and 100 billion, or about 7.3% of GDP.

August 22nd cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 72.01 cents / pound, the highest annual price 72.29 cents in August 21, 2012; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 76.82 cents / pound.

The US spot market in August 22nd

3504 bags were sold, and 29342 bags were sold this year. 5941 bags were sold in the same period.

In August 21st, there were 25264 packages of NY certified stock and 557 packages to be certified.

In August 22nd, the United States spot market Pima cotton, 2 (fiber 46) 116 cents / pound, 3 (fiber 44) 98 cents, 3 (fiber) 103 cents, 0 bags, the annual turnover 170 bags.

The US Department of Agriculture announced the global adjustment price (AWP) of 63.14 cents on -8 23 August 17th.

In August 22nd, the Cotlook cotton Outlook Index strengthened, and the A index rose 195 points to 86.90 cents / pounds.

In August 22nd, China's cotton price index CC Index 328 nationwide weighted average price closed at 18402 yuan / ton, up 9 yuan.

CC Index 527 closed at 16074 yuan / ton, up 0 yuan, and CC Index 229 closed at 19442 yuan / ton, up 5 yuan.

In August 22nd, China imported FC Index M (89.41 cent), up 2.63 cents.

In August 22nd, zhengmian 1301 contract opened at 19705 yuan / ton, closing at 19645 yuan / ton, up 70 yuan / ton compared with the previous trading day, or 0.36%, trading volume increased to 158736 hands, and positions increased 3906 to 277604 hands.

In August 22nd, the Zhengzhou PTA1301 contract opened at 7462 yuan / ton, closing at 7398 yuan / ton, down 42 yuan / ton compared with the previous trading day, or 0.56%.

Turnover increased to about 1 million 947 thousand and 500 hands, and positions increased by 9046 to 748 thousand.

In August 22nd, the Dow Jones Industrial Average fell 30.74 points, closing at 13172.84 points, or 0.23%, while the NASDAQ (micro-blog) composite index rose 6.41 points to 3073.67 points, or 0.21%, while the standard & Poor's 500 index rose 0.34 points to 1413.51 points, or 0.02%.

In August 22nd, Nymex crude oil (97.18, -0.08, -0.08%) futures.

It rose 0.4% to $97.26 a barrel.

Gold (1654.70,14.20,0.87%) futures fell 0.2% to 1640.50 dollars an ounce.