ICE cotton futures closed kinetic energy implied price or will continue up
YORK August 24 morning news, InterContinental Exchange (ICE) Cotton futures closed higher Monday as investors bought in thin trading, analysts suggest that the market momentum or summer rally will continue.
index in December cotton contract rose 0.54 cents CTZ0, to 84.09 cents a pound, trading interval 83.57-85.26 cents.
1845GMT, 12 month contract volume for the 7,084 population, the total export volume to 9,073, according to Reuters data, the daily average of 15,317 population less than 30 40.03 percent.
Thomson Reuters data, as of August 23 open positions in the market for the 211,161 population is the highest since September 2008.
ICE data showed Friday on volume of 8,863 population, the previous day for the 12,160 population.
investors apparently bet that cotton prices will be higher in the next sector. The latest position report, non-commercial long positions and management of funds for the 109,047 population, representing a 20% increase the previous week. (END)
