{"id":163083,"date":"2020-01-10T10:45:55","date_gmt":"2020-01-10T15:45:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163083"},"modified":"2020-01-10T07:31:36","modified_gmt":"2020-01-10T12:31:36","slug":"cotton-analysis-lower-cotton-supply-forecast-bullish-for-cotton-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/cotton-analysis-lower-cotton-supply-forecast-bullish-for-cotton-price\/","title":{"rendered":"COTTON Analysis: Lower cotton supply forecast bullish for Cotton price"},"content":{"rendered":"
January 10, 2020<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Lower cotton supply forecast bullish for Cotton price<\/strong><\/p>\n

Analysts expect lower US cotton production. Will the Cotton price<\/a> rise continue?<\/p>\n

“Shortly thereafter” of January 15 the US and China will sign the Phase One treaty, which is expected to help increase exports of US agricultural products that suffered during the tariff war. Cotton has been one of agricultural products that suffered during the US \u2013 China trade war. Couple of days ago the Commerce Department reported the US trade deficit narrowed 8.2% in December, following 15% decline in November in America\u2019s annual trade deficit with China. At the same time analysts forecast a 500,000-bale cut to 2019 US cotton production. Lower US production and ending stocks are bullish for cotton price. Today the US Department of Agriculture issues its January World Agricultural Supply and Demand Estimates report. More optimistic WASDE output forecast is a downside risk for cotton prices.<\/p>\n

\"Cotton<\/p>\n

On the Daily timeframe Cotton: D1<\/b> is rising. Price is trading above the 50 moving averages MA(50), which is rising too.<\/p>\n