ICE Cotton Futures Fell From Seven Month High, Killing Iran Commander Due To Us Air Raid.

Foreign news January 3rd, Intercontinental Exchange (ICE) cotton Futures fell on Friday from the seven month high of the previous day, after the US air attack Baghdad shot down Iran's military key because of the deterioration of risk sentiment.

In an air raid on Baghdad Airport, the US army killed Souleymane, commander of Iran's Holy City Brigade, the founder of Iran's expanding military influence in the Middle East, and Ayatollah Ali Khamenei, the Iran leader, vowed to take revenge on Iran.

ICE cotton contract fell 0.07 cents or 0.1% in March, and the settlement price was 69.20 cents per pound. The trading range is 68.50-69.61 cents.

Bailey Thomen, managing director of fortune four, said today's tension in the Middle East is the main driver of many commodity market declines, while other cereals and stock markets have also fallen.

After the US air strikes, oil prices rose by $3 per barrel, and the risk of gold, yen and bonds rose.

Export sales report released on Friday by the US Department of agriculture (USDA) showed that in the week of December 26th, the export volume of 2019/2020 cotton increased by 246 thousand and 200 packs in the United States, which increased by 82% compared with the previous week, increasing by 19% over the previous four weeks.

During the week, the US 2020/2021 export volume of mainland cotton increased by 19 thousand and 400 packages.

As of January 2nd, ICE can deliver 2. Stage cotton The contract stock is 9038 packs, the last trading day is 9127 packs.