Message side:

1. According to the US Department of agriculture (

2, Australia's cotton output will reach a record high this year. So far, the cotton planting area has been 665000 hectares, which has increased significantly over the previous year's planting area of 221000 hectares.

Dryland farming area is about 260000 hectares this year. The largest planting area in history is 561500 hectares in 1998/99.

In 3 and December 13th, the price of most imported cotton in China increased substantially.

Spot side: cotton index 328 price is 26942 yuan / ton, compared with the previous trading day rose 69 yuan / ton.

Warehouse Receipt Inventory: the exchange registered warehouse receipt is 95, which is flat with the previous trading day, and the effective forecast is 86.

(each corresponds to 40 tons of cotton).

The main production area weather: under the influence of strong cold air diffusion, the temperature will generally drop by 4~8 degrees Celsius in most parts of the country in the next three days, the local temperature drop can reach more than 10 degrees Celsius; the middle and lower reaches of the Yangtze River and the northern part of China will be accompanied by the 4~6 level wind.

There are light snow in northeastern Inner Mongolia and Northern Heilongjiang.

Affected by cold and warm air, there is a large range of rain and snow in the eastern part of Northwest China, Huang Huai and its southern regions.

Point of view: speculative buying to boost U.S. cotton to close at the daily limit of 140 cents; the central bank to raise the deposit reserve ratio to curb inflation, and the market generally expected interest rate increase has not been fulfilled, short-term policy pressure has been released, cotton market has been rising trend, but the medium term policy control still suppress the uplink of cotton prices; spot prices continue to rise slightly trend. Zhengmian 1109 contract high and high, the price test 28000 above pressure, showing upward trend of shock.