20250627-大越期货-棉花早报_28页_1mb

On June 27, 2025, this report from 大越期货 investment analysis department summarizes the cotton market for June 2025 based on various data sources and assumptions.

Key details include the qualifications for investment consultancy, held under approval No. 作者 details are provided, but the report itself serves as reference material only.

The analysis covers fundamental aspects, such as historical USDA reports indicating a 2025/26 US cotton season with expected production and consumption levels, along with inventory forecasts. Current market situational includes basis data with specific price differences and import-export statistics,.

Trading-related insights point to potential small rebounds in both US and Chinese cotton due to factors like eased trade tensions and seasonal demand, but with inherent risks from off-season consumption and rising inventories,.

The report concludes with subjective outlooks, noting support from low prices and the need for caution, while avoiding direct investment recommendations.