07012016Fri
Last update: Fri, 01 Jul 2016 01pm

Cotton and Textiles: World

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ICE cotton futures settled near flat on Wednesday as traders awaited the US Department of Agriculture's weekly export sales data and the June acreage report due out on Thursday. "It was unchanged today waiting for the reports tomorrow," said Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi. The Department of Agriculture is expected to release its weekly US export sales report on Thursday followed by the annual June acreage report on the US acreage devoted to cotton plantings.
The following were the fluctuations observed during the day:

ICE cotton futures rose over 2 percent on Tuesday to post their largest single-session gains in three weeks, supported by a weaker dollar and strength across commodities markets. "We have broad-based recovery," said Louis Barbera of ICAP Cotton, adding that the prices of the natural fibre were up due to a weakness in the dollar following its recent strong advance. The December cotton contract on ICE Futures US settled up 1.48 cent, or 2.30 percent, at 65.86 cents per lb. It traded within a range of 64.15 and 65.97 cents a lb.
The following were the fluctuations observed during the day:

A lack of rain threatens to prevent Mali reaching its cotton production target of 650,000 tonnes in the 2016/17 season, the state-owned Malian Company for the Development of Textile (CMDT) said on Tuesday. "We are facing a rainfall deficit. June is usually a good month for the seedlings but it's not raining as it should: at this date only 47 percent of the seedlings have been produced," Ousmane Cisse, CDT's main agriculture advisor, said.
The following were the fluctuations observed during the day:

The following were the fluctuations observed during the day: