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
