ICE cotton futures market closed Comments

ICE cotton futures closed down 26, as a result of speculative selling dragged down the market. ICE12 on cotton futures contracts on the 26th to close down 128 points to close at 60.38 cents / lb. Intercontinental Exchange (ICE) cotton futures closed down 26, and as a result of the overall weakness in commodity markets, oil prices fell and the stock market, as well as in the field of global financial uncertainty related to speculative selling dragged down the market.

ICE12 the most active on cotton futures contracts on the 26th to close down 128 points to close at 60.38 cents / lb. Close to 60.20 cents a low trading day. Lack of good news, as well as the global economic turmoil is also concerned about the situation in the suppression of cotton futures prices.

Crude futures fell by Cotton drag on the market. Other news, crop forecast will also raise expectations of the market down. United States Department of Agriculture forecast production will be in September from 13,770,000 to 13,850,000 wrapped packages, per mu yield from 842 pounds to 849 pounds. The U.S. Department of Agriculture will be announced on October 1 next crop report. Received a total of 97 October contract notice, making delivery of the delivery period of 1757 reached a total volume of hand.

25 open positions increased 337