ICE cotton up for 2nd straight session on dollar dive, commods rally

ICE cotton up for 2nd straight session on dollar dive, commods rally

A- A+
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.

March 17 (Reuters) - Cotton futures rose slightly on Thursday to register the highest level in more than a week, boosted by a weaker dollar and higher commodity prices amid a positive export sales report. Outside factors, including the pretty big move in the dollar, strong stock markets and higher crude and metal prices, "kept the sellers at bay," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas.



  • The front-month May contract on ICE Futures U.S. CToi1

settled up 0.04 cent, or 0.07 percent, at 58.36 cents per lb, after hitting a high of 58.89 cents.

  • The July contract on ICE Futures U.S. CTc2 hit the

highest in about a month.

  • The dollar index .DXY was down 1.15 percent. The Thomson

Reuters CoreCommodity CRB Index .TRJCRB , which tracks 19 commodities, was up 2.24 percent.

  • Sales of upland cotton totaled 224,900 running bales for

the week ended March 10, up 22 percent from the previous week, government data showed.

newsletter

Εγγραφείτε στο καθημερινό μας newsletter