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New York futures prices drifted higher in December. Values for the March contract rose about five cents/lb, increasing from levels near 72 cents/lb to 77 cents/lb. Most recently, prices have held to levels near 75 cents/ lb. Movement in the A Index has been marginal, with values uctuating between 82 and 85 cents/lb. Questions related to future price direction remain centered on the Chinese cotton policy.
New York futures prices drifted higher in December. Values for the March contract rose about five cents / lb, increasing from levels near 72 cents / lb to 77 cents / lb. Most recently, prices have held to levels near 75 cents / lb. Movement in the A Index has been marginal, with values uctuating between 82 and 85 cents / lb. Questions related to future price direction remains centered on the Chinese cotton policy.