Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 17, 2012 09:06:28

Cotton above due to concerns about the quality of U.S. production

ColosseumCotton yesterday strengthened the most in almost 10 weeks because of signs that the heat and the drought in the U.S. linked had a negative impact on the quality of the local cotton crop. Only 46% of this year's production meets the quality standards required for trading on ICE Futures in New York. However, the historical average is 70%. In addition to 14 October, the current harvest is completed just 28%, while last year it was 34%. The December futures contracts for cotton so yesterday on ICE Futures U.S. closed with a profit of 3.5% to 74.86 cents per pound of weight.

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Bavlna výše kvůli obavám o kvalitu U.S. produkce

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