OBSERVATION: Why the big jump in contracted 2022/23 U.S. cotton in late May?

According to USDA weekly export statistics, 2023 May 12-18 week, May 19-25 week, May 26-June 1 week China were net signing 2022/23 year U.S. land cotton 14,700 tons, 50,300 tons, 87,200 tons, respectively, accounting for the week of the total amount of U.S. land cotton contracted exports of 49.33%, 82.87%, 80%, the amount of imports , imports accounted for more than in mid-May continued to hit a new high in this year’s Chinese contracted volume. An international cotton traders said that in late May China signed 2022/23 annual U.S. land cotton year-on-year, chained growth in the expected, but the increase is so large, the demand is so strong but some …

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