ICE major cotton contract rebounds

ICE major cotton contract rebounded. Contract of Jul closed at 63.96cent/lb, down 0.08cent/lb and contract of Dec closed at 67.41cent/lb, up 0.71cent/lb. It is expected that there will be high temperature on Friday in the major cotton producing areas of U.S., driving up the futures market.

Cotlook A Index remained unchanged at 77.55cent/lb.