During the National Day, Jiangsu rains heavily and the cotton market is deserted

During the National Day, it rains heavily in Jiangsu and the cotton market is deserted

Jiangsu Cotton District has been experiencing moderate rain for two or three days, and it has not stopped on the first day of the National Day holiday. The weather is gloomy and drizzle continues. Although there are still blooming seed cottons in the fields that have not yet been harvested, they are unable to work in the fields because of the mud. Cotton purchasing companies are also unable to open scales to purchase due to rain and too little new cotton resources. The cotton market in the entire northern Jiangsu cotton area is deserted.
Since the cotton planting area in cotton areas has dropped sharply this year, most of the cotton growers are old, weak, sick and disabled people left behind in rural areas. Most of the cotton planting fields are in front of and behind their homes. Production and management are more convenient. Some old farmers pick cotton as soon as they see it. In addition, local The climate forecast predicts that there will be continuous rain during the National Day, so there is not much seed cotton left in local fields. It is reported that 30% of the cotton bolls in Dafeng, Yandu and other places have spun out. Some farmers who plant more than two or three acres of cotton have 300-400 kilograms of seed cotton, and there is almost no one to sell it.
　 At present, the exploratory seed cotton purchase quotations in Jiangsu cotton areas are generally positive third-grade seed cotton, with a length of more than 28 mm, a moisture content of up to standard, and a clothing content of 36-38%. The enterprise’s quotation is about 3.50 yuan/jin. Farmers are satisfied with this quotation. After all, it is better than the previous price. It rose 30% over the same period last year. Because there are too few actual harvestable resources, most companies have not invested in acquisitions, considering the impact of acquisition and sorting costs on cotton sales profits. At least during the National Day, the phenomenon of local cotton prices being unavailable may continue. Regarding the post-holiday market trends, there is a lot of analysis in the industry, such as the dynamics of new cotton acquisitions, the market performance of reserve cotton after the suspension of auctions, etc. In short, the production and marketing frontline has a comprehensive “physical syndrome” of “seeing and deciding after the holidays”. Overview In the cotton market, the market trend is still confusing and ups and downs, and it is not optimistic.