rpggamescrypto| Everbright Futures: May 23 Soft Commodity Daily

White sugar:

The price of raw sugar fell slightly yesterdayrpggamescrypto, the main contract closed at 18rpggamescrypto.21 cents per pound. In terms of spot, Guangxi spot price is 6500~6620 yuan/tonrpggamescrypto, flat. Brazil exports sugar 161 in the first three weeks of Mayrpggamescrypto.05 million tons, with an average daily export volume of 134,200 tons, an increase of 23% from the average daily export volume of 109,500 tons in May last year. The monthly export volume in May last year was 2.4092 million tons. Raw sugar futures fell again after being consolidated at low levels. The market is still suppressed by Brazilian production. Production in the first two weeks of May will be announced next week, and the market is cautious. The domestic spot market continues to sell at a favorable price, and low inventories support the current market. However, concerns about import factors still exist after July, and a bearish view continues to be maintained.

Cotton:

On Wednesday, ICE U.S. cotton rose 3.93% to close at 79.38 cents/pound, CF409 rose 0.46% to close at 15375 yuan/ton, and the factory price of cotton in Xinjiang was 16080 yuan/ton, down 1 yuan/ton from the previous day. China's cotton price index 3128B was 16408 yuan/ton, up 3 yuan/ton from the previous day. In terms of the international market, the center of gravity of U.S. cotton prices has continued to move upward from low levels recently. In addition to macro disturbances, weather factors are also gradually rising. Recently, there has been more rainfall in the major cotton-producing countries in the northern hemisphere, causing market concerns, and U.S. cotton closed at the daily limit. In the domestic market, boosted by macro sentiment, Zheng Mian's main contract continued to rebound, but its positions fell month-on-month, and the main contract rebounded weakly. Fundamental support for it was limited. It is expected that Zheng Mian will be dominated by shocks in the short term and will remain under pressure in the medium and long term., continue to pay attention to weather and inventory changes.

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