ICE revises cotton price limit to 4 cents/pound.

The initial price limit for cotton futures on the ICE Futures US has been revised to 4 cents per pound, effective, as contracts have been closing above the threshold of 80 cents per pound. As per norms, initial price limit is 4 cents a pound as May 2018 (contract) remains above 80 cents on closing business. If the contract closes above 110.01 cents/pound, the initial price limit will increase by 1 cent