ICE cotton futures slipped marginally on Friday to hit a more than one-week low in thin volume trading as the natural fibre market registered it biggest weekly decline in two months.
The March cotton contract hit a session low of 72 cents per lb., the lowest since Jan. 4. The contract ended the week down 2.3 percent, the lowest since the week ended Nov. 4.
"The fall in certificated cotton stocks and the WASDE (World Agricultural Supply and Demand Estimates) report has put a lid on the mark
ICE cotton futures remained little changed in subdued trading on Wednesday as the market awaited the US government's world agriculture supply and demand (WASDE) report due on Thursday. "It's a quiet day. There is report due Thursday and very few people put off positions before the report," said Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi.
The March cotton contract on ICE Futures US settled down 0.05 cent, or 0.07 percent, at 73.14 cents per lb. It traded within a ra
ICE cotton futures crawled higher on Tuesday in muted trading as investors remained cautious ahead of federal data on agricultural demand and supply due later this week. "There was not much buying or selling today," said Gabriel Crivorot, analyst at Societe Generale in New York. The US government's world agriculture supply and demand (WASDE) report is due on Thursday.
Funds which have actively increased their net long positions in the past few days are probably waiting for the WASDE report be
