ICE Cotton Surges Amidst Short Covering and Weather Concerns: Market Analysis
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- Published: Friday, 24 May 2024 11:03
In the realm of commodity trading, ICE cotton witnessed a second consecutive trading session of gains on Thursday, propelled by a myriad of factors including short covering, weather anxieties in key producing regions like the US and Brazil, and a moderately encouraging export sales report. However, despite these positive developments, external influences continued to cast a shadow over the cotton market.