Chinese Government to Maintain Order of Cotton Market

UPDATE RECEIVED FROM YUAN AND ASSOCIATES:

Today all major media published a joint notice that was issued on October 29 by seven official sectors related to the cotton industry. The notice recommends strengthening cotton market supervision; enhancing quality supervision; improving railway transportation capacity; managing financial support to ensure sufficient purchasing funds; and strengthening information services and market guidance.

We followed-up with CCA regarding this notice and they notified us that NDRC may issue 2011 TRQ quota soon. Also, in addition to growing concerns among officials in the industry, higher cotton prices have begun to be passed to downstream products.

Please see the attached memo for more details.

10-1109 YUAN CHINA UPDATE

More Advocacy Issues

Today, President-elect Joe Biden will sign executive actions to deliver relief for families across America amid converging crises. Below, you will find a fact sheet of the actions biden will take to address the COVID-19 pandemic, provide economic relief, tackle climate change, and advance racial equity. More Here

Read More
 

Please click below for details regarding the effective date and compliance dates for the U.S. Commodity Futures Trading Commission’s final rule, Position Limits for Derivatives. Provided by: Delta Strategy Group. More Here.

Read More
 

The American Cotton Shippers would like to thank USDA’s Farm Service Agency for extending the marketing assistance loans (MALs) for non-recourse loans from 9 to 12 months. See notice below. More Here

Read More