US Inflation is down again to 7.1% in November. Cotton goes limit up!

US Inflation is down again to 7.1% in November against the forecast of 7.3%. Last month, the forecast was 8.0% and actual 7.7%. This is great news for financial markets as it seems like Fed’s interest rate decision have been making progress. This figure lowers the probability of aggressive monetary tightening.

CTH23 limits up on a daily volume of 5,313 contracts, which demonstrates how thin the market is trading at the moment.