Sugar Industry - As of the end of May, the total production of sugar in the country reached 11.1621 million tons, an increase of 1.1989 million tons year-on-year, representing a growth rate of 12.03% [1] - Cumulative sales of sugar amounted to 8.1138 million tons, an increase of 1.521 million tons year-on-year, with a growth rate of 23.07% [1] - The cumulative sugar sales rate was 72.69%, which accelerated by 6.52 percentage points year-on-year [1] - Despite the positive production and sales data, the sugar futures prices are expected to remain weak due to anticipated pressure from imported sugar [1] Cotton Industry - On Thursday, ICE cotton prices rose by 0.21%, closing at 67.91 cents per pound, while CF509 remained stable at 13,245 yuan per ton, with a week-on-week increase in open interest by 4,771 contracts to 530,200 contracts [1] - The price of cotton delivered to factories in Xinjiang was 14,431 yuan per ton, unchanged from the previous day, while the China Cotton Price Index for grade 3128B was 14,543 yuan per ton, down by 1 yuan from the previous day [1] - The macroeconomic environment is currently the main influencing factor for cotton prices, with concerns about the U.S. economy rising, although a recent call between the Chinese and U.S. leaders boosted market sentiment [1] - The domestic cotton futures prices are expected to slightly increase in the short term, contingent on the implementation of favorable macroeconomic developments [1]