ICE Cotton Ended Three Times On Monday, Dropping 76.05 Cents A Pound.

Cotton fell on Monday, ending the previous three consecutive upward trend, due to the expected improvement in weather conditions to suppress prices, and the United States Department of Agriculture issued a report on crop growth after closing.

Last month, the December contract hit a two-year high last week, breaking through the key 75 cent mark, thanks to the cold and hot weather in the main producing areas of the United States and India, leading to a technical rebound.

McCleskey Cotton general manager Ron Lee said, "even if it doesn't fall back,

There is also a need for breathing. There are only sporadic rains in Texas, but the weather forecast says there will be some rain at the weekend. "

The US Department of agriculture (USDA) said in the weekly crop growth report released after the close, as of August 7, 2016, the United States

The growth rate dropped from 50% in the previous week to 48%, compared with 56% in the same period last year.

China's national development and Reform Commission and the Ministry of Finance jointly issued a notice, 2015/2016

The closing time of the turn out sale is extended from August 31, 2016 to September 30, 2016, and the total annual output is not limited to 2 million tons, and the final number of pactions is final.

As of August 5, 2016, the ICE contract for delivery of cotton futures contract No. 2 was flat at 100862 packs.

December cotton fell 0.69 cents, or 0.90%, at 76.05 cents a pound, with a trading range of 75.55-77.1 cents.

The total volume of futures market decreased by 14329 to 18309.

Data show that the previous day's open position increased by 1530 to 248042 hands.