Cotton futures declined as the stronger dollar decreased an attractiveness of commodities as alternative assets. Earlier waning production and growing demand pushed cotton prices up. July delivery for cotton dropped $0.0056 (0.7 percent) to $0.8267 per pound as of 9:25 on ICE.
Sugar fell today on an outlook that an output in India will exceed a demand, causing the biggest buyer in the world to become an exporter. Analysts think that the sugar price may drop below $0.14 per pound soon. July delivery for raw sugar went down $0.004 (2.7 percent) to $0.1458 per pound at 10:23 on ICE Futures U.S.
Copper dropped today to the lowest level since February 25th, weakened by a concern that the manufacturing in China may slow as the government tries to rein the overheating economy, causing a demand for the metal to decline. European budget deficit problems caused speculation that the global demand for copper may fall too. July for futures copper delivery fell $0.099 (3 percent) to $3.1945 per pound by 11:31 on the Comex in New York.
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