15:14 EDT - Cotton futures rallied, buoyed by a weaker dollar and concerns about dry weather in several growing regions. Both India and top-US producing region West Texas have been receiving sub-par rains, says independent analyst Mike Stevens, which has created a bullish technical picture, encouraging some fund buying and speculator interest. "Commercial resistance to this rally has yet to materialize," he says, citing the quick rise above 77c/lb. ICE cotton for December delivery settled 3.3% higher at 77.30c/lb., a high since May 21.
DJ MARKET TALK: Cotton Jumps to 13-Week High on Dry Weather
Το περιεχόμενο του άρθρου δεν είναι διαθέσιμο στη γλώσσα που έχετε επιλέξει και ως εκ τούτου το εμφανίζουμε στην αυθεντική του εκδοχή. Μπορείτε να χρησιμοποιήσετε την υπηρεσία Google Translate για να το μεταφράσετε.
