Monday, December 01, 2008

Cotton Futures Stand Strong Admidst Today's Slaughter

In the midst of yet another slaughter of commodities and stocks, cotton futures held up remarkably well today.

The March 2009 cotton contract closed down 0.88 to finish at 47.03, thanks to a steady rally after an initial drop. A push above the 48-cent mark would be impressive, as cotton continues to retrace some of it's recent pummeling.

1 comment:

Peehu Sharma said...

• JSW eyes lion's share in ongoing coal, steel e-auctions.
• GSK to invest Rs 1,000 cr in Karnataka for new plant.
• AU Small Finance Bank to make market debut today.
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