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Cotton fell to one-month low

  • Author:Peter
  • Source:www.31knit.com
  • Release on :2015-11-20
Intercontinental Exchange (ICE) futures lower on Friday, hit a one-month low, the US government involvement in the weekly export data disappointing, the external market pressures and a stronger dollar.
Friday's US Department of Agriculture data show that upland cotton sales decline, shipments plunged 57 percent last week.
"There were some cotton has not found a buyer," a broker said the United States, he pointed out that the weak demand for cotton.
The stock market fell and grains also bring pressure on cotton prices. A stronger dollar suppress dollar-denominated commodity prices, due to more expensive for holders of other currencies.
Month contract fell today, but rose slightly this week. ICE March cotton fell 0.17 cents, or 0.3 percent, to 61.99 cents a pound, dish fell to 61.56 cents the lowest since October 13 bits.
Spot month to month contract spread narrowed 0.03 cents to 0.37 cents per pound.
The total volume of futures markets to reduce the 2,287 hands, to 40,935 hands. Data show that the previous day to reduce the 1,258 outstanding contracts hand, to 191,869 hands.
The dollar index rose 0.39 percent, tracking 19 kinds of core commodities CRB index fell 0.89%.