Cotton futures are trading with 60 to 65 point fain across most contracts on Wednesday. Crude oil futures are up 44 cents/barrel to $60.59, with the US dollar index back up $0.057 to $98.510.
There is some optimism ahead of the Trump/Xi meeting later this evening into Thursday in South Korea.
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The Tuesday online auction from The Seam showed 3,401 bales sold with an average price of 61.63 cents/lb. The Cotlook A Index was up 35 points on 10/28 at 75.95 cents. ICE certified cotton stocks were up another 500 bales on October 28, with the certified stocks level at 18,052 bales.
Dec 25 Cotton is at 65.69, up 64 points,
Mar 26 Cotton is at 67.23, up 63 points,
May 26 Cotton is at 68.42, up 62 points
