ICE Cotton Futures Have Fallen, Which Has Been Affected By The US Dollar And Sino US Trade Concerns.

Foreign news November 13th, Intercontinental Exchange (ICE) cotton Futures fell on Wednesday as the US dollar strengthened, and the lack of clear news in Sino US trade negotiations made investors cautious.

The most active ICE cotton contract in March fell 0.45 cents, the settlement price was 66.05 cents per pound, and the trading range was 65.95-66.57 cents.

Jack Scoville, vice president of Price Futures Group in Chicago, said, "nothing special today, mainly because the US dollar is going strong. The weather is changing and the harvest should be increased. On the whole, there are not many factors that can push up prices in the market.

The US dollar index rose 0.1%, hitting nearly a month high against major currencies.

The rise in US dollar makes cotton dollar and other dollar denominated goods more expensive for overseas buyers.

Speaking at the New York Economic Club on Tuesday, US President Trump said U.S. and Chinese negotiators "approached" to reach the "first stage" trade agreement, but kept silent about the new details of the negotiations.

The lack of details of Trump's Sino US trade talks brought some pressure on the market, Scoville added.

Cotton is one of the nameless victims of Sino US tit for tat trade disputes.

This year, cotton growers in the United States are having a bad time, so that even if China and the United States reach a potential trade agreement, they can only give them some comfort.

The total volume of futures market decreased by 35942 to 31424 hands. Data show that the total trading position decreased by 6608 to 233153 hands in the previous trading day.

As of November 12th, ICE can deliver 2. Stage cotton The contract stock increased to 51114 packs, the last trading day was 47789 packs.