Wednesday, August 29, 2012
NY cotton rises as storm watch offsets weak fundamentals
Cotton prices were higher on Monday recovering ground lost late last week as tropical storm Isaac headed towards Alabama and Mississippi, two important states in the U.S. cotton belt. Photo: CorbisThe benchmark December cotton contract on ICE Futures U.S. rose 1.24 percent to settle at 76.14 cents per lb, just off an intraday high of 76.24. Weather watch turned to the storm in the Gulf of Mexico on Monday after the U.S. National Hurricane Center (NHC) said Isaac is forecast to strengthen into a
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