Cotton futures closed the Wednesday session with contracts up 4 to 10 points and thinly October up 39 points. The outside markets were supportive on Wednesday, as US dollar index was mostly steady, up just $0.011 on the day to $98.130, with crude oil futures were up $1.11
The Seam reported 692 bales sold in the Tuesday online auction at an average price of 63 cents/lb. The Cotlook A Index was up 15 points at 79.30 cents on August 18. ICE cotton stocks were down 1,011 bales on 8/19, with the certified stocks level at 16,006 bales. USDA’s Adjusted World Price (AWP) was back up 66 points last week at 55.05 cents/lb. It will be updated again on Thursday.
Oct 25 Cotton closed at 66.64, up 39 points,
Dec 25 Cotton closed at 67.6, up 4 points,
Mar 26 Cotton closed at 69.24, up 5 points
