ICE cotton futures rose 19 to close strong, as a result of economic stability, encouraging signal to the commodity and stock market buying. ICE10 on cotton futures contract rose 19 to close 105 points to close at 59.80 cents / lb.

Intercontinental Exchange (ICE) Cotton futures rose 19 to close strong, as a result of economic stability, encouraging signal to the stock market and buying goods, cotton traders to hold positions of greater confidence. Cotton market in the short term from the external market access to the guidelines, at the same time, the market is also concerned about the weather in West Texas.

ICE10 on cotton futures contract rose 19 to close 105 points to close at 59.80 cents / lb. The most active December cotton futures contract closed up 176 points to close at 62.52 cents / lb. This week in December contract rose 39 points. After the market as well as other recent financial market turmoil after signs of stability in support of the cotton market to restore confidence in the transaction. Analysts said Fed Chairman Ben Bernanke and U.S. Treasury Secretary Paulson announced that the rescue measures to boost the confidence in the stability of financial markets.

In addition to the more concerned about the macro-economic situation, the cotton market will continue to be concerned about the recent West Texas, the cool wet weather conditions. After inspection of the U.S. cotton stocks on the 18th to reduce the 440 package, a total of 1,446,000 packets. There are 1,170 packages waiting for the test. 18 open positions to reduce the hands of 3864, a total of 210,276 hands. ICE is expected to have 11,227 contracts trading hands. 2,924 hand-call option, put option 1,426.