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ICE Cotton Futures Settle Limit Up, Again |
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2010-11-9
Cotton futures on the ICE Futures U.S. exchange for December delivery, already creating new record high prices, settled "limit up" again, up 4 cents a pound at $1.4623 a pound. Traders and analysts are still crediting high demand, particularly in China, for the fibrous crop's meteoric and historic gains--the highest since the end of the U.S. Civil War. "There's still no resistance from the end user, until they decide it's too much on the physical end," said Sterling Smith, analyst with Country Hedging in St. Paul, Minn.
Source: DOW JONES NEWSWIRES; FutureSource.com
ICE cotton futures prices (Nov 8, 2010)
ICE Dec10 Cotton Trend:
source:CCFGroup.com
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