ICE cotton futures were largely unchanged in holiday-thinned trading on Wednesday, amid a stronger dollar. "It's dull market today... very little volume. There is no new fundamental to grab this market one way or the other," said Louis Rose, an independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee. "We've got some physical traders who are running skeletal crews after the holidays," he added.
March cotton contract on ICE Futures US settled up 0.01 cent, or 0.01 percent, at 69.75 cents per lb. It traded within a range of 69.6 and 70 cents a lb. Total futures market volume fell by 769 to 10,350 lots. Data showed total open interest fell 1,247 to 243,809 contracts in the previous session. The dollar index was up 0.27 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was up 0.14 percent.