Cotton futures rise alongside other commodities –
Home >> Textile News >> Cotton futures rise alongside other commodities

Cotton futures rise alongside other commodities

2016-05-23 10:28:55 Reuters.
Cotton futures rose on Friday as commodities markets were broadly higher and the cash market remained subdued. "The market moved rather quietly within yesterday's range on lighter volume," said INTL FC Stone Senior Risk Management Consultant Andy Ryan. "Outside markets were also on the quiet side." Cotton contracts for July settled up 0.6 cent, nearly 1 percent, at 61.67 cents per lb. It traded within a range of 61.07 and 62.07 cents a lb. Total futures market volume fell by 10,342 to 16,611 lots. Data showed total open interest gained 521 to 190,121 contracts in the previous session. Certificated cotton stocks deliverable as of Thursday totalled 89,050 480-lb bales, up from 87,353 in the previous session. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was up 0.2 percent. Specs raised a net long position to 24,315 from 24,306 in the latest week. The most-active soybean futures gained 2-3/4 cent to $10.75-1/2 per bushel while the front-month corn futures were up 4-1/2 cent to $3.94-3/4.
Keywords: Cotton