DJ MARKET TALK: Cotton Futures Fall In Lazy, Low-Volume Day

January 26 2012

DJ MARKET TALK: Cotton Futures Fall In Lazy, Low-Volume Day

Jan 26, 2012 (Dow Jones Commodities News via Comtex) -- 3:11 (Dow Jones) ICE cotton futures slipped for the third day in lackluster trade. Not even the USDA's weekly export-sales report could jolt the market into action. "The market shrugged off the export numbers," says independent cotton analyst Mike Stevens. "Today it's ignoring the Fed and the soft dollar. I guess you would call this a day of rest." Volume was low at just over 80% of 2011's daily average. March cotton closed 1.4% lower at 95.59c/pound.

Source: Dow Jones Commodities News