Cotton Review: Profit Understanding &Nbsp; Closing Market Crash
Thursday (5.19) New York ICE Intercontinental Exchange cotton
futures
The market dropped sharply, and the July contract opened at 159.64 cents. The intraday shock interval was 161.32 cents -153.86 cents, ending at 155.65 cents, falling 4.21 cents, 8593 hands in turnover, 70012 hands in empty volume, 132.19 cents in October, 3.79 cents lower, and 132.19 cents in July.
Preliminary figures show that turnover was about 12300 in May 19th, about 45% lower than the 30 day conventional turnover.
According to ICE data, as of May 18th, there were no more than 150620 hand contracts, with a turnover of 14848.
Analysts pointed out that the main reason for the sharp drop in the market today is that after the recent rise in the market, investors know profits and the market presents a trend of adjustment.
In addition, the US Department of Agriculture released the weekly report of the US cotton export sale early, and there was a eighth week withdrawal.
contract
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