The Closing Touches On The Daily Limit Of &Nbsp; The Storm Hit Dezhou.

Hailstorms and torrential rains hit Dezhou, which accounts for about half of the country's total cotton production. This triggered a new round of speculative funds and investors buying, because the impact of the storm on cotton harvest has not yet been determined.

Weather Channel said on Friday that hail hit Dezhou, where the rainfall of Lubbock in the core cotton growing area of the state amounted to two inches.

NYBOT cotton rose 4 cents to $1.1971 a pound in December, hitting the daily limit.

The low position is $1.1525.

Cotton rose for three consecutive days, close to a record high of $1.198 last week.

Preliminary data show that on Friday, the total turnover was 21430 hands, compared with the 30 day turnover average of 22794 hand low nearly 6%.

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However, market technical signals show that cotton has entered the overbought area.

Johnson said in a report: "the estimated loss is quite small, which is 25000-50000 bales.

The US Department of agriculture (USDA) estimated that the state's output as of October 1st was 8 million 900 thousand bales.

USDA estimates that cotton production will be 18 million 870 thousand bales in 2010/11.

Fundamentally speaking, any loss of US cotton will trigger an increase in the supply of existing cotton.

According to a survey on Thursday, China's cotton production in 2010/11 will reach 6 million 450 thousand tons, far below the 6 million 976 thousand tons predicted by USDA.