ICE cotton futures market continues to rally

ICE cotton futures market continued to rally. Contract of Dec closed at 70.35cent/lb, up 1.01cent/lb and contract of Mar closed at 71.62cent/lb, up 0.94cent/lb. The rainfall in Texas reduced to a multi-year low level, driving the futures market up.

Cotlook A Index rose by 0.65cent/lb to 80.65cent/lb.