ICE cotton rises and then falls down

ICE cotton futures market rose and then fell down. Contract of Dec closed at 67.15cent/lb, up 0.1cent/lb and contract of Mar closed at 68.72cent/lb, up 0.07cent/lb. According to USDA, by the week ending Aug 8, U.S. cotton export sales weakened and export shipments also reduced fromp revious week.

Cotlook A Index reduced by 1.00cent/lb to 78.45cent/lb.