By admin       2017-11-21

ICE cotton contract jumped more than 2% on Monday, due to technical buying and cotton mills to lock in a price. Investors worried about this year's cotton quality, so cotton prices has passed a key level for the first time over two months. March cotton contract closed at around 70.84 cents per pound, up by 141; May Future 2018 contract closed at 71.59 cents per pound, up by 121, which is the highest since September 12. Cotlook A Index was hovering at 80.05 cents per pound up by 0.25.

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