By admin       2016-09-07

Cotton futures rose to an over two-week high on Tuesday, buoyed by a weaker dollar and stronger demand ahead of weekly crop progress data from the US Department of Agriculture due later in the day. "Sales have been brisk over the last month," said Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi.The December cotton contract on ICE Futures US settled up 1.45 cent, or 2.14 percent, at 69.24 cents per lb. It traded within a range of 67.63 and 69.38 cents a lb, its highest level since August 19. The dollar index was down 1.11 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was up 0.52 percent.

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