ICE COTTON FUTURES
April 8, 2022
Open High Low Close Change
May 22 133.40 134.59 132.30 132.41 -.79
Jul 22 131.67 132.94 130.81 131.06 -.34
Oct 22 120.73 120.98 120.73 120.98 +.44
Dec 22 114.67 115.98 114.60 115.48 +.79
Mar 23 109.98 111.75 109.83 111.38 +1.47
May 23 105.76 107.50 105.76 107.21 +1.68
Jul 23 101.61 103.15 101.50 103.11 +1.85
Oct 23 - - - 95.22 +1.65
Dec 23 88.69 89.20 88.30 89.20 +1.24
Mar 24 - - - 87.20 +1.24
ICE estimated futures volume:64,900
5月限は方向感なく推移し、米国朝に一時134.50台をつけると引けにかけて値を下げた。結果、前日比79ポイント安の132.41/LBで引けた。推定出来高は64,900枚。
12月限は約定高値を更新した。
【相場動向要因】
綿花相場は米国農務省より4月度の需給報告が発表されたものの、3月度から大きな変化はなく、市場予想の範疇となり影響は限定的。利益確定売りと大手ファンドによる乗り換えが相場を動かす主な要因であった。
各国の明確な需要の度合いが見えない一方で、未値決めの売契約残が多く潜在的に定期が買われやすい状況には依然変化なし。
需給報告では、パキスタンとギリシャの生産量にそれぞれ20万俵と10万俵の上方修正がなされ、また中国の消費量では50万俵の下方修正がなされたが、米国含むその他においては大きな変化は見られなかった。
以下詳細。
World Cotton Supply and Use 1/
(Million 480-pound bales)
==============================================================================
beginning domestic exports ending
stocks prod imports use use loss 2/ stocks
==============================================================================
2021/22 (Projected)
World
Mar 87.32 119.85 46.28 124.54 46.27 0.07 82.57
Apr 87.35 120.20 45.80 124.07 45.83 0.07 83.38
World Less China
Mar 48.07 92.85 36.78 85.04 46.19 0.07 46.40
Apr 48.10 93.20 36.60 85.07 45.76 0.07 47.00
United States
Mar 3.15 17.62 0.01 2.55 14.75 -0.02 3.50
Apr 3.15 17.62 0.01 2.55 14.75 -0.02 3.50
Total foreign
Mar 84.17 102.23 46.27 121.99 31.52 0.10 79.07
Apr 84.20 102.57 45.80 121.52 31.08 0.09 79.88
Major exporters 4/
Mar 31.69 59.56 1.88 35.38 27.39 0.02 30.33
Apr 31.69 59.56 1.88 35.38 26.99 0.02 30.73
Central Asia 5/ Mar 2.21 5.68 0.02 4.38 1.55 0.00 1.97
Apr 2.21 5.68 0.02 4.38 1.55 0.00 1.97
Afr Fr Z 6/ Mar 1.81 6.16 3/ 0.13 6.24 0.00 1.59
Apr 1.81 6.16 3/ 0.13 6.24 0.00 1.59
S Hemis 7/ Mar 15.39 20.77 0.16 4.22 13.65 0.01 18.44
Apr 15.39 20.77 0.16 4.22 13.55 0.01 18.53
Australia Mar 2.00 5.50 3/ 0.04 4.40 0.00 3.07
Apr 2.00 5.50 3/ 0.04 4.40 0.00 3.07
Brazil Mar 11.12 13.20 0.03 3.20 8.00 0.00 13.14
Apr 11.12 13.20 0.03 3.20 7.90 0.00 13.24
India Mar 11.94 26.50 1.10 26.00 5.50 0.00 8.04
Apr 11.94 26.50 1.10 26.00 5.20 0.00 8.34
Major Importers 8/
Mar 49.83 39.44 41.89 82.40 2.67 0.08 46.02
Apr 49.85 39.77 41.42 81.91 2.73 0.07 46.32
Mexico Mar 0.43 1.20 1.08 2.00 0.25 0.03 0.43
Apr 0.43 1.22 1.05 2.00 0.25 0.03 0.42
China Mar 39.25 27.00 9.50 39.50 0.08 0.00 36.18
Apr 39.25 27.00 9.20 39.00 0.08 0.00 36.38
European Union 9/ Mar 0.32 1.48 0.60 0.61 1.62 0.00 0.17
Apr 0.33 1.59 0.60 0.61 1.69 0.00 0.23
Turkey Mar 2.71 3.80 5.30 8.50 0.65 0.00 2.66
Apr 2.71 3.80 5.45 8.50 0.65 0.00 2.81
Pakistan Mar 2.27 5.80 5.30 11.20 0.05 0.03 2.09
Apr 2.27 6.00 5.00 11.20 0.05 0.03 1.99
Indonesia Mar 0.50 3/ 2.50 2.50 0.01 0.00 0.49
Apr 0.50 3/ 2.50 2.50 0.01 0.00 0.49
Thailand Mar 0.08 3/ 0.70 0.68 0.00 0.02 0.09
Apr 0.08 3/ 0.70 0.69 0.00 0.01 0.09
Bangladesh Mar 2.90 0.15 8.30 8.80 0.00 0.01 2.54
Apr 2.90 0.15 8.30 8.80 0.00 0.01 2.54
Vietnam Mar 1.12 3/ 7.50 7.50 0.00 0.00 1.13
Apr 1.12 3/ 7.50 7.50 0.00 0.00 1.13
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1/ Marketing year beginning August 1. Totals may not add exactly and trade
may not balance due to rounding and other factors. 2/ Generally
reflects cotton lost or destroyed in the marketing channel; for Australia,
Brazil, China, and the United States, reflects the difference between
implicit stocks based on supply less total use and indicated ending
stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in
addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan,
Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina
Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali,
Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South
Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries
and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/
Includes intra-EU trade.
END
