Prices of ICE Futures US cotton and frozen concentrated orange juice futures during midday trade on Wednesday. March cotton down 0.17 cent at 74.04 cents per lb by 11:06 am EST (1606 GMT). Trading from 73.57 to 74.48 cents. March contract volume at 3,660 lots.
Investor profit-taking weighs market down ahead of release of USDA's monthly supply/demand report due Thursday, said traders. January FCOJ up 1.55 cents at $1.2680 per lb at 11:07 am. Ranging $1.2495 to $1.2725. Volume traded in January a light 349 lots. Buying momentum powers juice market higher in anticipation of bullish Florida crop estimate from USDA on Thursday, said analysts.
Comments
Comments are closed.