Dow Jones: **Prices will continue to remain high for the fourth quarter and continue

November 1st, 2010 Dow Jones News: Monday cotton closes. The December contract's closing price was 1.2926 US dollars per pound, up 4 cents, or 3.2%.

Futures cotton challenged the highest settlement price of USD 1.2959 per pound during the post-earthquake reconstruction period (on October 26, the price was touched). This is the first daily limit for cotton on China's Zhengzhou Exchange. New York futures have followed this trend. Speculative traders believe in the comments of the Ministry of Commerce, which stated that the price of ** is likely to remain high in the fourth quarter and continue until early 2011.

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