期棉跌逾1% 但上行势头有望

Group 1: Futures Market - The Intercontinental Exchange (ICE) cotton futures fell over 1% on February 26, influenced by a stronger dollar, with the most active May cotton futures contract down 0.81 cents or 1.2%, settling at 65.36 cents per pound after reaching a new high since January 20 [1] - A commodity analyst from Kansas, Sid Love, noted that prices cannot rise or fall in a straight line, indicating periods of consolidation and volatility [1] Group 2: Price Outlook - As the growing season progresses, prices are expected to rise, with the upward momentum being more likely than downward risks [2] - If prices break through 67 cents per pound, there is potential for them to rise to 68 cents per pound or even higher [3] Group 3: Export Sales - The USDA reported that for the week ending February 19, U.S. cotton export sales increased by a net of 282,900 bales, with current year cotton export sales netting 253,200 bales, a decrease of 46% from the previous week and 12% lower than the four-week average [3] Group 4: Current Market Indicators - The Cotlook A Index on February 26 was reported at 76.45 cents per pound, an increase of 60 points [5]