Cotton futures markets Tuesday announced the findings of City News _ _ _ Sina Sina Financial
Posted on Jun-03-2008· by china investor
Securities Times reporter Huang Yu
æœŸè´§ä»·æ ¼ä»Šå¹´3月份出现éžåŒå¯»å¸¸çš„剧烈震è¡ï¼Œé€ æˆäº†å†œåœºä¸»çš„销售ä¸æ–，现在棉花市场æˆä¸ºäº†ç›‘管当局调查的一个对象。 — It was close to the United States Futures Trading Commission (CFTC) said the survey, futures prices in March this year, an unusually turbulent, resulting in the interruption of sales farmers, the cotton market as the regulatory authorities in their investigation of an object .
It is learnt that the cotton futures market survey results may be announced this week two. Since futures prices and spot price differences exist abnormal, CFTC involved in the investigation. Currently the agency is also investigating whether the oil futures market being manipulated.
Intercontinental Exchange (ICE) Cotton futures prices this year on March 5 as high as 12-year high, following a row Taicuo, to March 10 fell 26 percent. During the supply fundamentals and there was no dramatic changes, traders in April at a hearing that speculation gained strength in commodity prices play an important role.
In the past few months, farmers, businessmen and transport companies complained of price volatility can not lead to its normal position sets of security. Spot price and futures price spreads between the expansion of cotton traders to increase the cost of sets of security, but also a sharp price fluctuations affect the U.S. cotton exports. In the April 22 hearing, the company said Dunavant cotton traders, the market ran out of control, the need to regulate the sector involvement take corresponding measures.
chinainvestor:本版contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.
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