2.2ICE Cotton Is Up By &Nbsp, And Is Helped By Commercial And Fund Buying Activities.
ICE cotton rose 2 days, helped by commercial and fund buying activities. Analysts expect cotton prices to rise in short or short term.
Comprehensive media reported on February 2nd, intercontinental
paction
The ICE cotton futures rose 2 days ago, traders said, as investors and businesses followed up buying activities to boost the market, fund buying might also be involved.
Meanwhile, cotton (22095, -30.00, -0.14%) contracts may continue to rise in the next few days.
The ICE index rose 0.82 cents in March cotton and closed at 94.21 cents / pound. The intraday trading range was 92.69 cents / pound to 94.88 cents / pound.
ICE Futures data showed that as of February 1st, the open positions in the past three trading days rose to 178051.
Penson Futures senior
cotton
Analyst Johnson (Sharon Johnson) said commercial or fund accounts were clearly established in the market.
Cotton rose by nearly 2% in January, rising for second consecutive months, due to the improvement in the popularity of the whole department of cotton and the cotton performance in November, when the cotton fell by 10%.
According to Thomson Reuters preliminary data, 2 trading volume of more than 23800 hands, compared with the 30 day mean two.
Market people are turning to next Thursday (February 9th) in the United States
Agriculture
Monthly supply and demand report of department (USDA).
The American Cotton Association will also issue the 2012 annual cotton planting survey.
Exchange data show that 1 days trading volume of 30413 hands, the last day is 34060 hands.
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