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ICE cotton

ICE cotton scales over 8-month peak as rains delay harvest
Markets

ICE cotton scales over 8-month peak as rains delay harvest

  • The cotton contract for December rose 0.76 cent, or 1.1%, at 69.98 cents per lb .
  • The front-month contract earlier hit its highest since Jan. 30 at 70.04 cents and was on track for a second straight weekly gain, rising 3.5% so far this week.
Published 17 Oct, 2020 12:30am
Cotton futures set for second weekly gain as rains delay harvest
Markets

Cotton futures set for second weekly gain as rains delay harvest

  • There is a little bit of a wet weather that is bothering the harvest. It is not really harming the quality but prolonging the harvest.
  • Limiting cotton's advance, the dollar scaled a two-month peak and was on track for its biggest weekly gain since early April.
Published 26 Sep, 2020 12:02am
Cotton futures gain on unfavorable weather, dollar pull-back
Markets

Cotton futures gain on unfavorable weather, dollar pull-back

  • Cotton contracts for December settled up 0.21 cent, or 0.3%, at 65.46 cents per lb, after earlier touching their lowest level since Sept. 11.
  • The dollar was down 0.1% against key rivals after hitting a two-month high earlier in the session on economic recovery concerns.
Published 25 Sep, 2020 02:01am
Cotton jumps 2pc on robust US exports to China
Markets

Cotton jumps 2pc on robust US exports to China

  • The US Department of Agriculture's (USDA) weekly export sales report showed exports of 278,600 running bales.
  • China has taken the lion's share of those new exports this week. ... That is a very positive factor for the market,
Published 14 Aug, 2020 12:03am