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

2018-10-12 09:27:59 CCFGroup

ICE cotton futures market edged lower. Contract of Dec closed at 76.75cent/lb, down 0.18cent/lb and contract of Mar closed at 78.10cent/lb, down 0.10cent/lb. In USDA's Oct supply and demand estimate report, US cotton production is raised 81,000 bales, with higher production in Texas and Georgia largely offset by lower production in the Carolinas. Domestic mill use is unchanged from last month, but the export forecast is reduced 200,000 bales to 15.5 million, due to reduced world trade and consumption.

Cotlook A Index lowered by 0.2cent/lb to 86.15cent/lb.

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