ICE cotton futures rebound after a drop

ICE cotton futures market fluctuated widely. Contract of Jul closed at 73.39cent/lb, down 0.36cent/lb and contract of Dec closed at 77.61cent/lb, up 0.13cent/lb. ICE cotton futures rebounded after a drop, and the market continued to correct amid macro sentiment and fading weather speculation in key U.S. cotton-growing regions.

Cotlook A Index reduced by 0.65cent/lb to 85.5cent/lb.