December futures unchanged at 1500 GMT
ICE futures opened higher and traded within a narrow price range for several hours before slipping lower. The December contract dropped to its lowest level since October 5. Support at the bottom lifted prices, and futures returned to positive ground.
Higher than expected export registrations were reported on the US weekly export sales report, which spurred buying. Contracts moved higher, encountering sell stops. Prices began drifting back to near unchanged.
Front months were trading as follows at 1500 GMT:
| Dec | 62.05 | unch |
| Mar | 61.91 | -4 |
| May | 62.29 | -21 |
Posted in: Cotlook Headlines News
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