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ICE cotton futures keep range-bound

ICE cotton futures market kept range-bound. Dec contract closed at 70.52cent/lb, down 0.08cent/lb and Mar'18 contract closed at 70.20cent/lb, up 0.13cent/lb. By the week ending Aug 6, 57% of U.S. cotton crops was good-to-excellent, up 1% from previous week and 9% from a year ago, according to USDA. 

Cotlook A Index rose by 0.30cent/lb to 80.75cent/lb. 

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