ICE cotton eases after sharp rally as export demand weighs

ICE cotton futures settled lower as traders weighed Monday’s sharp rise, with volume easing to 52,195 contracts.
US upland export sales fell 4 per cent week on week to 71,231 bales, while shipments dropped around 20 per cent to 142,076 bales.
China’s State Reserve auction sold all 8,049.53 tonnes offered, but the CC Index 3128B and Zhengzhou’s January contract eased.