ICE May cotton contract increases

ICE May cotton contract increased as 2024 acres estimated by USDA were less than expected and the U.S. cotton export sales were decent. Contract of May closed at 91.38cent/lb, up 0.61cent/lb and contract of Jul closed at 91.97cent/lb, up 0.53cent/lb.

Cotlook A Index reduced by 2.35cent/lb to 95.60cent/lb.