In the week ended 5 September, crude oil prices climbed more than US$2 early in the week as the markets bounced off several month lows hit in the previous week. Also prospects for peace in CIS and a strong US data raised demand expectations. Weaker US$ and expectations of a decline in US crude stocks also supported prices. However, the oil complex settled lower on the week after a ceasefire agreement in Ukraine helped minimize risk premium, while concerns remain over the impact of Russian sancti
Of the overall trading days this week, New York cotton futures declined for most of those days.
Particularly, market activities on September 5, were especially bearish as NY cotton futures fell below both - 65.00 cent and 64.00 cent levels, the latest report from ECom reveals.The December/March spread also saw a bit of reversal. This spread has gone from nearly 100 points of carry to a 35 point invert on September 4. This makes sense given the relative tightness in the US, the report adds.Howev