Cotton futures posted gains on Tuesday, with contracts closing 30 to 53 points in the green. Crude oil futures were down $1.13/barrel to $60.16, with the US dollar index down $0.043 to $98.520.
The Monday online auction from The Seam showed 2,151 bales sold with an average price of 61.44 cents/lb. The Cotlook A Index was back up 5 points on 10/27 at 75.60 cents. ICE certified cotton stocks were steady on October 27, with the certified stocks level at 17,552 bales.
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Dec 25 Cotton closed at 65.05, up 49 points,
Mar 26 Cotton closed at 66.6, up 53 points,
May 26 Cotton closed at 67.8, up 50 points
