DJ MARKET TALK: ICE Cotton Down Slightly On Options Sales

August 27 2010

DJ MARKET TALK: ICE Cotton Down Slightly On Options Sales

2:58 p.m. EDT [Dow Jones]--ICE cotton futures closed with modest losses
Friday after climbing past two-year highs earlier in the session, as traders
took profits and options-related selling pressed prices into sell stops.
Despite the losses, cotton remains supported by strong U.S. export sales, the
tightest global ending stocks since 1996 and worries over crop losses in
Pakistan. Volume is pegged at 13,270 contracts, with 12,539 calls and 9,457 put
options traded. Nearby October cotton lost 0.21 cent, or 0.24%, to 89.03 cents.
Most active December lost 0.08 cent, or 0.09%, to 86.07 cents.

Source: FutureSource.com