DJ MARKET TALK: ICE Cotton Futures Stop 6-Day Skid, End Up 3.9%

1636 EDT [Dow Jones] Cotton ended a six-session losing streak, rising with
the rest of commodities as fears of a Chinese interest-rate hike diminished and
the dollar's strength was sapped by news that an Irish debt bailout was
imminent. Strong export sales from the U.S. helped. USDA reported earlier that
export deals for 491,400 running bales were struck in the week ended Nov. 11.
"While there were rumors of even more exports sales made during the California
meeting, these are still very good numbers considering they were made at the
top of the market," according to a trader. "An unknown number of the sales made
last week probably did not get registered in time for this week's report." The
December contract settled at $1.3390 a pound, up 5 cents or 3.9%.

You can read the full article here: https://thrakika.gr/en/post/dj-market-talk-ice-cotton-futures-stop-6-day-skid-end-up-39-zF