China, the world's largest cotton user, is reportedly looking to buy 1M metric tons of cotton...


China, the world's largest cotton user, is reportedly looking to buy 1M metric tons of cotton from the U.S. to boost government stockpiles. Sources say 160K tons have been bought since last week. "The Chinese government has become the most important factor in global demand and supply," says analyst Dong Shuangwei, even as "the fundamentals still paint a rather gloomy picture." Cotton futures +2.43%.
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Comments (2)
  • BlueCollarBlueDog
    , contributor
    Comments (107) | Send Message
     
    I wish I was in the land of cotton, Old times they are not forgotten; Look away! Look away! Look away! Dixie Land. In Dixie Land where I was born, Early on one frosty mornin, Look away! Look away! Look away! Dixie Land.

     

    Old Missus marry "Will-de-weaber," Willium was a gay deceaber; Look away! Look away! Look away! Dixie Land. But when he put his arm around'er, He smiled as fierce as a forty-pound'er, Look away! Look away! Look away! Dixie Land.

     

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    Smiles as big as cannon barrels. Bienvenue.
    15 Jun 2012, 06:11 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Remember when the USA was the engine of the world economy....the Chinese are buying commodities...its much better than treasuries..
    15 Jun 2012, 07:20 AM Reply Like
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