Cotton futures posted Wednesday losses of 21 to 118 points at the close. Crude oil was down 50 cents per barrel on the session, with the US dollar index $0.440 higher.
The Seam reported sales on 3,951 bales on October 6 at an average of 82.22 cents/lb. The Cotlook A index was back up 210 points on Tuesday at 91.45. ICE certified cotton stocks were down 4,435 bales on 10/6, with the certified stocks level at 17,756 bales. The Adjusted World Price was down 93 points last week to 65.16 cents/lb.
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Oct 26 Cotton closed at 76.3, down 118 points,
Dec 26 Cotton closed at 80.03, down 118 points,
Mar 27 Cotton closed at 83.12, down 105 points
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.