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29.9. Monday’s trading session closed with a cotton price drop


Monday’s wide-ranging session ended with cotton futures in minus 26 to 28 points. December futures traded in the range of plus 65 points to minus 75 points. After the market closed, NASS announced that 66% of US-grown cotton had open bolls, which is above the long-term average. The harvest on 27th September was completed by 13%. This is an 11% increase over last week and a 1% decrease over the five-year average. The cotton harvest in Texas is 22% complete, which is 4% more than the five-year average of 18%. In Georgia, the quality of cotton fell by 13 points to 360 points. Yesterday’s trading session closed active cotton futures on the ICE Futures US exchange with fell to 65.82 cents/lb.


Source: Barchart.com


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