ICE cotton maintained strong momentum for the 5th consecutive session, with the December contract settling at 70.35 cents per pound, gaining 330 points over the last five sessions.
A weaker US Dollar Index, poor crop conditions, and lower price levels encouraged buying.
Weather concerns in key US cotton regions, particularly Texas, are raising yield worries.
A weaker US Dollar Index, poor crop conditions, and lower price levels encouraged buying.
Weather concerns in key US cotton regions, particularly Texas, are raising yield worries.