ICE cotton futures rise to 3-week peak on short-covering
ICE cotton futures rise to 3-week peak on short-covering

ICE cotton futures rise to 3-week peak on short-covering

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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.
    July 10 (Reuters) - ICE cotton futures rose to a three-week
high on Tuesday, ahead of a monthly crop supply and demand
report due later this week, as investors covered their short
    * The most active cotton contract on ICE Futures U.S., the
second-month December contract              , settled up 0.91
cent, or 1.06 percent, at 86.38 cents per lb. 
    * It traded within a range of 85.13 and 86.41 cents a lb,
its highest level since June 19.
    * "The volume has been light. ... The fact that open
interest is
going down tells this is not speculative buying but is mainly
some short-covering by trade members," said Peter Egli, director
of risk management at British merchant Plexus Cotton.
    * "Some of them have decided to fix, buy some of their
shorts back
and that has brought the market up," Egli said.
    * Total futures market volume fell by 3,223 to 17,712 lots.
showed total open interest fell 697 to 251,867 contracts in the
previous session.
    * The markets are now awaiting the release of U.S.
Department of
Agriculture's (USDA) monthly World Agricultural Supply and
Demand Estimates (WASDE) on Thursday.
    * The USDA in its weekly crop progress report released on
showed the 2018 U.S. cotton crop was 41 percent in good or
excellent condition compared with 43 percent a week ago and 61
percent last year.             
    * Certificated cotton stocks CERT-COT-STX deliverable as
of July
9 totaled 33,604 480-lb bales, up from 33,224 in the previous

 (Reporting by Eileen Soreng in Bengaluru; editing by Jonathan
Πηγή: Reuters



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