(11.10) ICE U.S. cotton futures market exposure to external influence

Monday (11.10) ICE U.S. cotton futures market exposure to external influence, after a 6-year low, but recovered to close part of the loss. December cotton futures closed down 83 points at 41.24 cents per pound reported, the March contract was down 84 points at 44.76 cents per pound reported.

Cotton opened higher today, followed by climbing all the way, Europe and Asia strong stock market, encouraged by policies to stimulate China’s economy to see more popular, warming commodity markets, cotton futures also rose, by Dongfeng. When the cotton is enough momentum at a time when the United States Department of Agriculture issued 11 monthly production and supply and demand report, to market pressure. United States Department of Agriculture is expected that the world cotton consumption reduction. Weak stock market, a strong dollar, cotton U-turn down. Cotton futures in June 2002 fell to the lowest point since then, as well as short-covering buying textile mill pricing to restore some of the decline.