ICE Jul cotton contract hits the down limit Thursday

ICE Jul cotton contract hit the down limit Thursday. Contract of Jul closed at 77.76cent/lb, down 3.34cent/lb and contract of Dec closed at 76.51cent/lb, down 1.59cent/lb. Bearish sentiment was high and ICE cotton fell to near a one-week low.

Cotlook A Index reduced by 1.2cent/lb to 90.1cent/lb.