Cotton Comment ICE: Cotton Supply Is Reduced By &Nbsp; Cotton Market Is Still Strong.

Cotton deliveries in October were up 0.23 cents, or 0.3%, at 81.45 cents a pound.

The most active December contract was 0.21 cents, or 0.3%, to 76.70 cents per pound.

Cotton prices rebounded as the economy recovered from the bottom of the recession and textile demand improved.

Although the world's largest cotton exporter is expected to grow by 50% this year, most of its initial cotton has been sold.

Now, market participants will pay more attention to the recent cotton futures contracts instead of forward contracts, which represent the general market behavior.

Cotton price upside down in October was higher than that in December.

The December contract price is higher than the 03 month contract.

Luis Anna Demandeville, an independent cotton broker and analyst Mike Stevens, said this upside down phenomenon shows strong demand in the near future.

Cotton growth report shows that the beginning time of cotton picking in the United States may be early, although some people believe that there may be no cotton sales channels in November.

He said, in fact, many

Boyd Cru M, Senior soft goods analyst at Chicago's financial market outlook, said that the most active cotton futures price has broken through recent gains and may rebound to 73 US branches.

Exchange data show that cotton turnover is about 19328 hands.

Option trading, call option is about 2871 hands, put option is about 3064 hands.

Exchange data show that Monday, ICE cotton day

The exchange reported that on Monday, the ICE cotton empty volume increased by 3497 to 165168 hands.

Closing price range

October 81.45 +0.23 80.30-81.48

December 76.70 +0.21 76.00-76.94

03 months 74.33 -1.89 74.29-75.38