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ICE cotton futures market keeps up
2024-05-29 09:50:01
CCFGroup
ICE cotton futures market kept up as traders initiated more of a weather premium in cotton's price. Contract of Jul closed at 82.43cent/lb, up 1.91cent/lb and contract of Dec closed at 79.12cent/lb, up 1.11cent/lb. Texas has recently experienced severe weather such as storms.
Cotlook A Index reduced by 1.25cent/lb to 89.60cent/lb.
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