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Zhengzhou cotton futures closed lower on July 9, with the main CF1909 contract at 13,710 yuan/ton on July 8, down 65 yuan. Spot prices for newly graded cotton were stagnant, and the gap between futures and spot widened.
Market participants were divided, with bears citing unclear US-China trade talks and bulls pointing to cotton trading below cost.
Chinese cotton futures moves influence global cotton and cottonseed values, but this is routine price commentary without a new supply or demand shock. Feed buyers should treat it as background.
sjfzxm.comJul 10, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
