ICE cotton futures trading on positive ground
The December contract opened marginally lower and briefly touched its low of 61.94 cts/lb before moving back to positive ground. Nearby contracts continue to trade within a narrow price range, with December remaining in a 30 cent-point range for most of session.
Shortly before 1300 GMT, December reached an intraday high of 62.48 cts. Light selling, however, halted gains, and the most actively contract moved lower.
Nearby futures were trading as follows at 1502 GMT:
| Dec | 62.22 | +14 |
| Mar | 62.05 | +20 |
| May | 62.42 | +6 |
Posted in: Cotlook Headlines News
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