You can't see people queuing up to buy hamburgers, and come to the conclusion that China is short of steamed bread.

China is not short of cotton What's missing is cotton prices. Price Right.

Foreign cotton can only be added and cannot become mainstream. These are two independent subsystems.

First, the "gap theory" is Yang seeking -- Chinese cotton. yield and Do spinning The fluctuation of supply and demand between cotton is obviously magnified.

"Gap theory" has been popular for many years and has always assumed that China is really short of cotton.

But my question is: the six elements of Cotton Growth: land, sunlight, air, water, materials, machinery, people (cotton farmers and managers), China is nothing short of it, and the impact of logistics costs and disastrous weather on cotton prices is also within the controllable range, and these economic factors are not more expensive than the United States (except for the low degree of mechanization). Why is China short of cotton?

The originator of China's cotton gap theory is the UnitedStatesDepartmentofAgriculture (USDA) and the European Commission on agriculture (Eurocotton). Many analysts report their data as a basis for decision making. But do not forget that the main mission of these two organizations is to help their cotton farmers expand their overseas markets. They are not targeted at Chinese cotton growers and Chinese textile enterprises.

So, how much cotton do they want to sell? They predict the size of China's cotton gap.

There has been no doubt that the US Department of agriculture has manipulated forecast data and influenced commodity prices.

According to a report, before the Chinese businessmen purchase large commodities, the US Department of agriculture's report data are basically much more, boasting about the future "gap" and so on, encouraging Chinese enterprises to buy large quantities. Once the letter of credit is opened, the prices of the related commodities will drop rapidly, and then the USDA will make further amendments to the data. Each correction will cause market participants to anticipate the future supply and demand of agricultural products, and then have a certain impact on the prices of commodities.

More importantly, these data are not the data from the US Department of agriculture's own investigation, but rather the data from many American market participants. What do these so-called "market people" do? It's not cotton yet.

I am not a conspiracy theorist, but if you look at the US Department of agriculture's "prediction amendment" behavior with the price chart, you will naturally get the same questions and conclusions. If you have data on the Internet, readers may wish to go up to Wikipedia or see Baidu. There are many similar cases against Chinese enterprises, which are not what I imagined.

China has the four largest cotton industry chains, namely, the largest cotton producing country, the largest cotton textile production capacity, the largest cotton consumption potential, and the largest cotton market potential. It is precisely because of the "four characteristics" that it will attract countless funds and whatever means can be made.

Americans can wage war for oil, and it is not surprising that the number of "anticipated revisions" games for cotton sales is not surprising. They are the typical pragmatists, who will take whatever data they use out of context, as long as they can knock the door of China's cotton market to match the international speculators and which data will work for them. It is common for international investment banks to sing more. What's annoying is that some domestic analysts follow USAD's parrot.