Story
Cotton Futures Jump 3 Cents, Hitting Daily Trading Limit
Summary
Cotton futures for December delivery experienced a significant surge on Tuesday, rising 3 cents to reach the maximum daily price movement allowed by the exchange. The contract closed at 81.3 cents per pound.
Cotton futures for December delivery surged on Tuesday, climbing 3 cents to 81.3 cents per pound on the ICE Futures US exchange. The increase represented the maximum daily price move permitted, halting further trading at that level for the session.
The 3-cent jump marked a 3.83% gain for the commodity. The December contract had closed at 78.3 cents per pound in the previous trading session, highlighting the significant single-day increase.
The specific futures contract involved in this price movement is scheduled to expire on December 8, 2026. The cause for the sharp rise was not detailed in the initial reports.