12.9ICE Cotton Was Lowered To Near 2%&Nbsp, And Was Dragged Down By USDA Report.
According to New York's December 9th news, cotton
The US Department of Agriculture estimates that US cotton exports were 11 million 300 thousand packages in 2011/12, unchanged from the November forecast.
2011/12 cotton production fell to 15 million 830 thousand packs in November.
Intercontinental Exchange (ICE) March cotton fell 1.62 cents, or 1.8%, at 90.43 cents a pound, with a trading session of 90.15-92.75 cents.
The global stock market rebounded and the euro strengthened against the US dollar. Before the leaders of the European countries except Britain, they agreed to establish a closer financial union to solve the worsening debt crisis in the region.
Late Friday, the deal was light.
Exchange data showed that the cotton market was closed to 141311 hands on Thursday, with 140708 hands on the previous day.
Intercontinental Exchange data showed that total turnover fell to 7682 on Thursday, after a day of 9344.
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