Cotton futures fell more than seven and a half weeks low speculative selling mycoolboy

Cotton futures fell more than seven and a half weeks low speculative fund selling Sina exposure: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! On Tuesday, the Intercontinental Exchange (ICE) cotton fell to more than seven weeks and a half low, as speculators continued to close positions as the dollar strengthened and the whole of the United States had favorable rainfall for cotton growth. December cotton futures fell 0.66 cents, or 0.99%, to 66.29 cents a pound, trading range of 65.46-66.93 cents. McCleskeyCotton general manager RonLee said: "speculators still hold too many long positions, before making a very wrong judgment, the weather looks good." He added that there was no reason to buy. Lee said, because the United States will bring pressure to harvest crops, cotton prices will gradually fall back to 63-66 cents range, then sideways. The market also digested the U.S. Department of Agriculture announced Monday crop growth report, the report shows that as of August 28th, when the week, the United States cotton growth rate of 48%, the previous week was about 47%. Futures market total turnover increased 5851 hands, to the hands of the 22497. Data show that the previous day’s open positions increased 462 hands, to the hands of the 228944. Dollar index rose 0.55%, tracking the trend of the commodity index fell by 0.89% CRB. Enter the Sina financial stocks] discussion相关的主题文章: