ICE cotton prices rose due to stronger grain markets and expected drier weather aiding US cotton harvest.
The December contract settled at 70.56 cents per pound, up 0.20 cents from a low of 69.93 cents on Monday.
However, cheaper crude oil limited cotton’s gains.
Trading volume hit 35,951 contracts. Key US economic data this week could impact prices.
The December contract settled at 70.56 cents per pound, up 0.20 cents from a low of 69.93 cents on Monday.
However, cheaper crude oil limited cotton’s gains.
Trading volume hit 35,951 contracts. Key US economic data this week could impact prices.