February 22, 2018 / 9:09 PM / 7 months ago

BRIEF-ICE Reverts to 3-cent Daily Trading Limit For Cotton Futures

Feb 22 (Reuters) - Intercontinental Exchange Inc:

* SAYS COTTON FUTURES DAILY PRICE LIMIT REVERTS TO 3 CENTS PER POUND

* “EFFECTIVE WITH THE START OF TRADING FOR FRIDAY, FEBRUARY 23, 2018, THE DAILY TRADING LIMIT FOR ALL COTTON NO. 2 FUTURES CONTRACT DELIVERY MONTHS WILL REVERT TO 3 CENTS PER POUND (300 POINTS) ABOVE AND BELOW THE PRIOR DAY SETTLEMENT PRICE,” THE EXCHANGE SAID IN A NOTICE ON THURSDAY.

* SOURCE: [bit.ly/2BKPjMr]

* RELATED: (Reporting by Karen Rodrigues in Bengaluru)

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