Cotton Market: Signs of Growth and Cautious Optimism

Cotton market watch: Prices are trending upwards! New York's cotton market saw active trading with December contracts closing at 66 cents, while July contracts hit 70 cents, signaling expected price increases. Trading volume was down, but open interest rose, suggesting growing trader involvement amidst potential global supply concerns and shifting demand. Will this upward trend continue, or will new factors disrupt the market? Hosted on Acast. See acast.com/privacy for more information.