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ICE cotton futures climb as specs buy on inflationary ideas

Posted on 23 March 2009

From Ccfgroup.com: Speculators covered shorts and established some long positions in ICE Futures U.S. cotton Friday amid expectations for ensuing inflation.

May cotton settled 121 points higher at 44.08 cents a pound and the July contract settled up 118 points at 44.93 cents. For the week, May cotton gained 125 points…..Full Article: Source


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