Recently, most of Australia's major cotton producing areas have received abundant rainfall, with rainfall of 25-50 mm. In addition to the disadvantage of the new cotton that has not been harvested in the southern valley area, it is very beneficial to the soil water supply in other areas that have been harvested. At present, Australia's reservoirs and canals still need a lot of rainfall to maximize cotton production next year, while the water storage capacity of canals is limited. The market is worried about the poor quality of Australian cotton this year. At present, the basis difference of Australian cotton has dropped to 800 points, and the Export Chamber of Commerce has lowered the price of low-grade cotton.
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