ICE cotton futures market edges lower – ChinaTexnet.com
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ICE cotton futures market edges lower

2018-07-24 08:25:03 CCFGroup

ICE cotton futures market edged lower. Contract of Dec closed at 86.61cent/lb, down 0.13cent/lb and contract of Mar closed at 86.78cent/lb, down 0.03cent/lb. By the week ending Jul 22, 78% of cotton crops has been squaring in U.S., up 6% from previous week, 2% from last year, but down 3% from five-year average. 41% of crops has been setting bolls and 39% is good-to-excellent condition.

Cotlook A Index declined by 0.5cent/lb to 96.95cent/lb.

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