China has started showing interest in buying United States’cotton.There has been some movement in the United States’cotton to China,which is a positive signal.This is in anticipation of a positive trade deal between China and the United States.Cotton industry stakeholders who met this morning at Lubbock-based Plains Cotton Growers'(PCG),Inc,focused their attention on the planting season ahead.With the ginning process completed this week in the High Plains of Texas,it is hoped that the High Plains’cotton production will cross the 4 million bales mark.”Demand for cotton is there,”stated one merchant at the meeting.This is evident at the December Futures value for the new crop(77.60 cents).This is somewhat high,given the volume of cotton left to sell,somewhere about half to three quarter of a million in the United States.
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