Cotton prices slip on demand worries, lower crude oil
Aug 14 (Reuters) -ICE cotton futures fell over 1% on Wednesday, pressured by concerns over demand and downbeat sentiment in the crude oil.
* Cotton contract for December CTZ4 fell 0.7 cent, or 1.03%, at 67.29 cents per lb at 15:44 GMT.
* "The crop looks pretty good, despite the fact they cut the overriding factor is poor demand... so even if we cut the crop it looks like demand is going to be very slow into next year." said Keith Brown, principal at cotton broker Keith Brown and Co in Georgia.
* The Chinese economy continues to struggle, while another reason may be the recent political unrest in Bangladesh, which is one of the major consumers, said Brown.
* The U.S. Department of Agriculture reduced global cotton consumption estimates by 1 million bales to 116.2 million in its August World Agricultural Supply and Demand Estimates report.
* The report cited lower consumption in China and Bangladesh, which outweighed increased use in Pakistan and Turkey.
* Oil prices edged lower, making cotton-substitute polyester less expensive. O/R
* In a weekly crop progress report on Monday, the USDA said 46% of the cotton crop was in good-to-excellent condition, compared with 45% a week ago.
* Cotton prices posted an August low, with market closely monitoring if this holds, if not we could go lower to 65 cents, said Brown.
* Elsewhere, Chicago soybeans steadied, after hitting another four-year low, on a bumper forecast for the U.S. harvest, while corn and wheat edged lower as large supply and strong export competition hung over the cereal markets. GRA/
Reporting by Anmol Choubey in Bengaluru; Editing by Shreya Biswas
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
