August 2020 Market Summary
International cotton prices followed a rising trend overall in August, although speculative optimism on the New York ICE futures platform was punctured mid-month by a bearish supply and demand report from the USDA. Nevertheless, by the end of August, the December contract had broken through the threshold of 65 cents per lb, a level not seen for six months, and had made a net gain of 2.5 cents per lb. The Cotlook A Index began the month at 69.55 US cents per lb, and reached a low of 68.2 cents before climbing again..…….read full article.
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