Cotton Comment: ICE&Nbsp; Cotton Futures Hit 15&Nbsp; New Year High &Nbsp; &Nbsp; Tight Supply.

ICE cotton futures hit a 15 year high in early trading on Monday, and then declined slightly, but the main contract closed up 4 cents. India is planning to postpone the export of cotton because of fears of a worldwide shortage of cotton.

India is the second largest in the world.

October 2010 contract opening price of 101.01 cents, intraday concussion interval of 104.50 -101.01 cents, closing price of 105.93 cents, rose 4.63 cents, turnover 21 hands, the settlement price 101.30 days, the empty Volume 39 hands.

The most active December contract opened at 101.33 cents, with an intraday concussion of 103.93 -100.75 cents. The closing price was 103.93 cents, up 4 cents, 11277 hands in volume, 99.93 cents on the day's settlement price and 144366 hands on empty volume.

2011 03 month contract opening price 100.21 cents, intraday concussion interval 102.75 -100.18 cents, final closing price 102.75 cents, up 4 cents, turnover 3184 hands, the last day settlement price 98.75 cents, empty volume 61365 hands.

As Asian cotton picking time is delayed and market supply is tight, buyers are entering the market.

India national cotton mill expects 2010-11 years

The Pakistan knitwear manufacturer and exporter Association (PHMA) asked the government to completely ban the export of raw cotton. In addition, a 30% regulatory tax on the export of yarn would be imposed, otherwise the added value textile sector would have to bear the loss of foreign orders.

As of September 26th, the United States cotton good - excellent rate was 41-14%, last week was 44-14%, the same period last year was 39-10%; as of September 26th, the United States nationwide cotton boll opening rate was 78%, last week was 67%, 2009 in the same week 55%, 5 years average rate of 63%, as of September 26th, the United States cotton picking rate was 19%, last week was 13%, 2009 in the same week 8%, 5 year average picking rate 14%.

The US stock market closed down on Monday, dragged down by the decline in the financial sector.

Despite the good news of the M & A in the market, the poor state of the European banking industry has made investors nervous, making the market callback after rising for four consecutive weeks.

The Dow Jones Industrial Average fell 47.99 points to 10812.27, or 0.44%, while the Nasdaq composite index fell 11.45 points to 2369.77 points, or 0.48%, while the standard & Poor's 500 index fell 6.43 points to 1142.24 points, or 0.56%.

President Obama signed the $30 billion small business loan bill into law, marking his Democratic Party's victory in economic policy before the November congressional elections.

The new law will set up a loan fund for small businesses, including a $12 billion tax reduction policy for small businesses.

The New York Mercantile Exchange's November crude oil contract rose 3 cents to $76.52 a barrel.

The gold futures of the COMEX of the New York Mercantile Exchange in December rose 50 cents to $1298.60 an ounce.

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Exchange data show that in September 23rd, ICE cotton certification stock of 16669 packages, in September 24th, 16669 copies of certified inventory, 1659 stocks to be certified.

ICE US cotton futures closing September 27th

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