Cotton prices are down 22 to 30 points on Wednesday morning. Futures posted losses of 8 to 25 points across most contracts on Tuesday. The US dollar index was back down $0.215 on Tuesday to $98.815, with crude oil $0.85/barrel lower.
Monday’s online auction from The Seam showed 628 bales sold with an average price of 60.94 cents/lb. The Cotlook A Index was down 75 points on Friday at 75.30 cents. ICE certified cotton stocks were up 122 bales on October 13, with the certified stocks level at 16,593 bales.
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Dec 25 Cotton is at 63.51, down 8 points, currently down 23 points
Mar 26 Cotton is at 65.09, down 17 points, currently down 24 points
May 26 Cotton is at 66.31, down 25 points, currently down 24 points
