{"id":160098,"date":"2019-11-19T10:43:59","date_gmt":"2019-11-19T15:43:59","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160098"},"modified":"2019-11-19T07:48:35","modified_gmt":"2019-11-19T12:48:35","slug":"cotton-analysis-cotton-crop-harvesting-in-the-us-ends","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/cotton-analysis-cotton-crop-harvesting-in-the-us-ends\/","title":{"rendered":"COTTON Analysis: Cotton crop harvesting in the US ends"},"content":{"rendered":"
November 19, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Cotton crop harvesting in the US ends<\/strong><\/p>\n

The U.S. Department of Agriculture (USDA) is expecting a good crop of cotton in USA. Will the Cotton quotations<\/a> declining?<\/p>\n

Based on weekly report published on November 10, 62% of cotton crops in the United States were harvested. On the last week, probably, that share will edge up to 70%. According to the US Commodity Futures Trading Commission, the sales volume of positions (net short position) of the cotton was increased. The industrial group Textile Exchange published a review \u00ab2019 Organic Cotton Market Report\u00bb. It mentions an increase in organic cotton production by 56% to 8-year high. The dynamics of cotton quotes may be affected by the results of US-Chinese trade negotiations.<\/p>\n

\"Cotton\"<\/p>\n

On the daily timeframe, Cotton: D1<\/b> has left the rising trend and is correcting down. Most technical analysis indicators formed a signal to decrease. The price decrease is possible in the case of the growth of harvest in the USA and maintaining of high tariffs on US cotton imports to the China.<\/p>\n