By admin       2017-07-11

ICE cotton futures market slipped as speculators kept selling net long positions on expectations of higher new crop. Dec contract closed at 67.25cent/lb, down 1.16cent/lb and Mar'18 contract closed at 67.15cent/lb, down 1.11cent/lb. By the week ending Jul 9, 61% of U.S. cotton crops is good-to-excellent, up 7% from the previous week and 7% from the last year. Cotlook A Index rose by 0.20cent/lb to 84.80cent/lb

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