Sugar Industry - The USDA projects Ukraine's sugar production for the 2025/26 season to reach 1.49 million tons, unchanged from the May forecast but down by 310,000 tons from the 2024/25 season [2][4] - Ukraine's sugar export volume for the 2025/26 season is expected to be 701,000 tons, an increase of 1,000 tons from the May estimate, while ending stock is projected at 679,000 tons, consistent with previous forecasts [2][4] - In the domestic market, the Guangxi Sugar Group's price range is stable at 5,250 to 5,370 yuan/ton, while the Yunnan Sugar Group's price range is 5,110 to 5,230 yuan/ton, with some reductions of 10 yuan/ton; processing sugar factories have raised prices by 20 yuan/ton to a range of 5,690 to 5,900 yuan/ton [2][4] Cotton Industry - ICE cotton rose by 0.64% to 64.02 cents per pound, while Zheng cotton's main contract increased by 0.43% to 14,140 yuan/ton, with a rise in open interest by 13,922 contracts to 799,000 contracts [3][5] - The macroeconomic environment remains volatile, with expectations of a more accommodative Federal Reserve policy, leading to a weaker dollar index; however, fundamental drivers are limited [3][5] - The market is currently focused on the potential for sustained consumer demand and whether textile companies will engage in new inventory purchases before the Spring Festival; attention is also on possible monetary easing and upcoming cotton price subsidy policy details expected around April 10 [3][7]
光大期货：12月24日软商品日报
Xin Lang Cai Jing·2025-12-24 01:43