Cotton Fell, And Consumer Attitudes Were Wait-And-See Before The USDA Report Came Out.

According to New York's December 7th news, the ICE cotton futures fell on second consecutive trading days on Tuesday. The market continued to collate the recent gains, as buyers quit before the end of this week's USDA monthly report on supply and demand.

Independent cotton analyst Mike Stevens said, "Tuesday.

Index ICE the cotton contract in March fell 0.06 cents, at 1.3037 dollars per pound, and the trading range was 1.2821-1.3425 dollars.

The analysts said, "the market has been selling, but it has not fallen below yesterday's low point."

The analyst said that in the short term

Preliminary data show that the total turnover is about 22600 hands on Tuesday, compared with an average of about 36000 on the 30 day and nearly 37% lower.

Analysts say market makers expect the market volume to be relatively low before the US Department of agriculture's demand and supply report is released on Friday.

Mike Stevens said, "USDA12 supply and demand report, especially the US cotton supply and demand data will not be surprising, but there are still many variables in India's cotton supply and demand forecast data."

Traders said that cotton prices in India were expected to rise this week as exporters tried to increase purchases and deliver as much cotton as possible by mid December.

Market participants will focus on cotton planting forecasts in the spring of 2011, such as the United States and China, which will focus on whether the two countries can produce more cotton.

Informa Economics raised US cotton planting estimate to 12 million 200 thousand acres in 2011, a four year high, which is 12% higher than that of 2010 cotton sowing area of 10 million 909 thousand acres.