Cotton futures posted gains on the Wednesday session, with contracts up 94 to 102 points in the front months and other contracts 1 to 17 points higher. Crude was down just 11 cents per barrel on the session, with the US dollar index just $0.015 lower.
The Seam reported 2,550 bales sold on Tuesday, at an average of 76.22 cents/lb. The Cotlook A index was back up by 20 points on October 20 at 91.15. ICE certified cotton stocks up 2,000 bales on 10/20, with the certified stocks level at 18,618 bales. The Adjusted World Price was back up 80 points last week to 64.61 cents/lb.
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Dec 26 Cotton closed at 81.83, up 95 points,
Mar 27 Cotton closed at 85.2, up 102 points,
May 27 Cotton closed at 86.84, up 98 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.
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