(Bloomberg) -- Cotton rose for the third straight
day in New York on speculation overseas mills are scooping up
U.S. supplies of the fiber after a six-week rally ended.
Futures on July 16 reached the highest price for a most-
active contract since March 2004 on speculation U.S. exports in
the next marketing year would rise as production falls. Cotton
fell 8.3 percent last week, making supplies more affordable in
the U.S., the world's biggest exporter.
Read more at Bloomberg Commodities News
day in New York on speculation overseas mills are scooping up
U.S. supplies of the fiber after a six-week rally ended.
Futures on July 16 reached the highest price for a most-
active contract since March 2004 on speculation U.S. exports in
the next marketing year would rise as production falls. Cotton
fell 8.3 percent last week, making supplies more affordable in
the U.S., the world's biggest exporter.
Read more at Bloomberg Commodities News
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