ICE cotton futures rose a modest 6 closing date, due to be soybean futures markets overflow support. Intercontinental Exchange (ICE) cotton futures closed on the 6th moderate prices, soybean futures market due to spillover support for the market to six trading days high. 3 month closing prices of cotton fell 15 points to close at 49.86 cents / lb. The May cotton rose 9 points, to close at 50.43 cents / lb.

One futures analyst said demand is expected to slowdown in the background, although the market will follow the CBOT grain futures markets, especially the soybean futures market movements, cotton market will continue to comment on this article (0) Other reviews initiated Topics (0) Related Information Wealth Community (0) concern about the needs of any relevant indicators.

Traders are waiting for February 10 the United States Department of Agriculture announced a routine crop yield and supply and demand report. American Cotton Association (The National Cotton Council) relating to the prospects of the cotton acreage survey results will be February 13 closed after ICE announced, and many traders as the first official estimate of the private sector. March 2009 cotton options had expired on the 6th. Exchange data show that on the 5th open positions to reduce the 341 to 128,868 hand in hand. According to Exchange data, on the 5th ICE cotton inventories increased to 154,324 packets of 128 packets. Trading volume is expected to hand 17,891, about 5362 hands and 1275 call option put option traded hands.