By admin       2018-08-31

U.S. stocks dropped, emerging market currencies generally plunged, and Argentina's central bank raised interest rates to 60%, but the peso was a record low. South African Rand and Turkish lira came down largely, FOB came down about 5cent/lb, and the U.S. core PCE price index recorded a six-year high in July. ICE cotton futures inched down yesterday. Contract of Dec closed at 82.22cent/lb, down 0.46cent/lb and contract of Mar closed at 82.58cent/lb, down 0.55cent/lb. Cotlook A Index came down by 0.65cent/lb to 92.65cent/lb.

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