ICE cotton futures market decreases further

ICE cotton futures market decreased further. Contract of Dec closed at 67.38cent/lb, down 0.51cent/lb and contract of Mar closed at 68.75cent/lb, down 0.51cent/lb. U.S. corn, soybean and wheat prices extended downswing and the weather condition in the major growing areas was favorable, driving down the cotton futures market.

Cotlook A Index reduced by 0.4cent/lb to 78.75cent/lb.