AFB Cotton Close: Prices Mixed with Nearby Gains
Cotton prices closed mixed with nearby contracts posting gains and new crop contracts another minor loss. Good export demand continue to support nearby contracts, but concerns about demand next year continue to pressure prices. A small shift in China’s policy can lead to big changes in demand and price.
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,