White sugar:

The price of raw sugar fell again yesterday.BestcryptoplaytoearnThe main contract closed at 19Bestcryptoplaytoearn.12 cents per pound. It is estimated that the final sugarcane yield and sugar yield of 2023xue 24 in Guangxi will be about 51.18 million tons and 6.19 million tons respectively. Yunnan is expected to produce 2.07 million tons of sugar during the 2023x24 crushing season, an increase of about 70, 000 tons over the same period last year, less than the previous forecast of 2.15 million tons. The national sugar output during the 2023x24 pressing season is expected to be about 10.01 million tons, an increase of about 1.04 million tons over the last pressing season. The spot price in Guangxi is 6540,6590 yuan / ton. Raw sugar, which continues to be curbed by increased Brazilian production, fell sharply yesterday, opening up the imagination below the market. Domestic spot transactions are OK, relatively anti-fall. However, with the emergence of non-quota import profits, far-month contracts will still be under pressure in the future, continue to maintain short thinking in the medium term, and pay attention to the pace of trading.

Cotton:

On Thursday, ICE American cotton fell 0.02% to close at 80.99 cents per pound, while CF409 fell 0.63% to close at 15700 yuan per tonne. Xinjiang cotton factory price was 16637 yuan / ton, down 97 yuan / ton from the previous day. China's cotton price index 3128B was 16813 yuan / ton, down 66 yuan / ton from the previous day. In the international market, the weekly report on American cotton exports announced that the net signing of American cotton exports improved when the weekly value improved compared with the previous week. Macro-level disturbances continue, the US GDP and PCE data are better than expected, interest rate cuts are expected to change again, the first rate cut this year is expected to be postponed to December, macro-level pressure. In the domestic market, the recent supply and demand support for cotton prices is weak, cotton stocks are still at a historical high in the same period, and cotton imports reached a new high in nearly a decade in the first quarter. During the new cotton planting period, the weather still needs to focus on factors in the future. Generally speaking, the fundamental support is not strong, Zheng Mian concussion is expected to run weakly in the short term, but the space below is limited, waiting for new contradictions to emerge.

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