The benchmark cotton contract on ICE Futures US eased to a fresh 7-1/2-month low as commodities continued to decline and worries persisted over demand, particularly in top consumer China where economic growth is slowing. The second-month dropped as low as 59.78 cents per lb, the weakest since early February, before settling below the key psychological level of 60 cents.
The bellwether Thomson Reuters CoreCommodity CRB Index commodities index declined, as investors continued selling. "Cotton