Colosseum a.s. (Colosseum a.s.)
Commodities  |  July 27, 2012 14:16:28

Exports of cotton from the U.S. in the second half of July rose sharply

ColosseumThe biggest increase in prices last seen nearly two weeks in yesterday's trading session on the exchange ICE Futures U.S. The most active futures contract in cotton. The reason was the publication of government data revealed an increase in demand for supplies of cotton from the U.S. According to yesterday's data the U.S. Department of Agriculture (USDA), the volume of export sales of U.S. cotton compared to the previous week by 88%. Planting bavlnyand # 160; in the United státechand # 160; dropped this year, according to USDA by 14% after American farmers focus on more profitable corn and other grains. Cotton futures with delivery date in December strengthened during yesterday's session on the exchange ICE Futures U.S., unlike the last three sessions, when cotton dropped to almost a monthly minimum of 2.7% to the closing price of 71.39 cents per pound weight.The growth then proceeds to commodity price being mentioned also in the day, namely by 0.38 cents to 71.77 cents a pound.

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