Cotton Futures On MCX Closed Lower

Cotton futures on MCX closed lower due to profit booking on Thursday. The cotton arrivals are in full swing and gap of arrivals compared to last year has narrowed down. Market participants are expecting good stocks with the farmers and stockists which may hit the markets. ICE cotton futures closed lower on Thursday on muted speculative activity ahead of a federal acreage report due next week. The USDA will release its prospective crop plantings report on March 31. Weekly export sales data from the U.S. government showed net upland sales totaled 328,200 running bales for the previous week, up 4 % from the week before, but down 7 % from the prior 4-week average

For Quick Trial – 8962000225 ✔
or mail us here:
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home