Howell: Spec selling, China monetary move drive cotton to sevenweek low
Por Agroclipping • 11 Ene, 2010 • Sección: Algodón
Fuente: Lubbock on Line Speculative profittaking amid indications of some heavy rebalance selling from an overseas fund sent cotton futures into an initial decline that ultimately activated a series of sell stops after prices had hit new rally highs last week.Then a surprise monetary tightening by China generated a broad retreat in commodity prices. [...]