Cotton Futures Are Mostly High And The Market Is Sparse.

According to New York's April 3rd news, NYBOT cotton futures mostly closed up on Thursday, which continued to be sorted out.

Analysts say the market will continue to maintain this state of affairs next week before the US Department of agriculture's monthly demand and supply report is released.

The May contract closed up 23 points at 70.41 cents per pound; in July, the contract closed 26 points to 73.92 cents, while cotton futures fell 3 points in December to 80.87 cents per pound.

Cotton futures closed for second consecutive days on Thursday, which failed to break through Wednesday's trading range.

In May, cotton fluctuated within a narrow range of 70.03-70.88 cents.

Cotton futures follow CBOT corn, soybean and wheat futures, which fluctuated near flat level.

Rob Kurzatkowski, an analyst at OptionsXpress, said the market price rose slightly in late trading because the dollar fell to its lowest point in the day. But shortly before the close, cotton futures fell from a 70.88 day high.

Analysts say the market is expected to continue to consolidate this trend before the new fundamentals appear.

Brown & Co analyst Keith Brown said, "investors are waiting for the US Department of agriculture monthly supply and demand report to be released next week.

"

Next Wednesday, the US Department of agriculture will publish monthly report on crop supply and demand.

Analysts said that the May contract will expend on April 11, which will also increase the magnitude of the market.

On Wednesday, cotton inventories increased by 10579 packs, totaling 882630 packages and 2645 holdings, totaling 268782 hands.

Thursday's turnover is expected to be 13881.

In option trading, there are about 6554 call options and 3370 put options.

Below is the closing price:

Closing trading range

May 70.41 +23 70.03-70.88

July 73.92 +26 73.50-74.35

October 77.99 +5 77.90-78.05

December 80.87 -3 80.52-81.40