Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 16, 2013 12:43:28

Stable demand and declining stocks pushes cotton growth

ColosseumThe largest price increase in the last four weeks recorded in yesterday's trading session on the exchange ICE Futures U.S. The most active futures contract for cotton. It was a response to speculation that demand will continue for commodity stocks mentioned in U.S. stable, and at a time when stocks of cotton in the United States continues to thinning. In its monthly report, the WASD report from the end of last week reduced the U.S. Department of Agriculture estimates the domestic cotton production in the marketing year ending July 31 by 1.4%, increased the estimate of the volume of cotton exports from the U.S. and vice versa reduced estimate of the closing stock cotton before the new marketing year. Cotton futures with delivery date in March jumped over yesterday on ICE Futures U.S. exchange about 0.9% to the closing price of 76.21 cents per pound weight.In strengthening continues futures contract also mentioned in the present day, yet by 0.30 cents to 76.51 cents per pound.

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