Cotton is expected to be adjusted downward with a high probability in early trading

On June 26, US cotton was disturbed by the macro, and the price weakened.

The 12 contracts fell by 1.52 cents/lb, or 1.9%. On the macro front, the Fed’s hawkish remarks and the situation in Russia led to a decline in risk appetite.

Fundamentally, US cotton export contracts have fallen sharply, and weak consumption has also suppressed prices. There is no short-term tight supply of Zheng cotton.

And the market has higher expectations for the output of reserve cotton.

Due to the weak external market, it is expected that there is a high probability of downward adjustment in early trading.

In terms of operation, it is recommended to focus on short-term trading, and maintain a long-term thinking in the middle line.