By admin       2017-10-25

ICE cotton futures market edged lower, a day after it registered its biggest one day percentage gain, as the market waited for updates on a weather scare in top producing state Texas. Dec contract closed at 69.54cent/lb, down 0.18cent/lb and Mar'18 contract closed at 69.09cent/lb, down 0.04cent/lb. In the previous session, the contract rose over 4 percent marking its largest one day percentage gain on concerns of crop damage due to freezing weather forecasts later in the week. Cotlook A Index rose by 2.70cent/lb to 80.40cent/lb.

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