New York cotton down at midday

10 Dec, 2009

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.

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