Cotton futures posted losses on Wednesday, with contracts falling 45 to 50 points in the front months. The outside markets were mixed, as the US dollar index was back up $0.617 on the day to $97.510 with crude oil futures $1.40 higher.
Tuesday’s online auction from The Seam showed 910 sales at an average price of 62,86 cents/lb. The Cotlook A Index was unchanged at 77.85 cents on September 23. ICE cotton stocks were again steady on 9/22, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back up 69 points last week at 54.79 cents/lb. It will be updated on Thursday.
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Oct 25 Cotton closed at 64.04, down 49 points,
Dec 25 Cotton closed at 66.17, down 47 points,
Mar 26 Cotton closed at 68.11, down 45 points
