Cotton futures are 3 points higher across the front months so far on Thursday. The outside markets are pressure factors mixed, as the US dollar index is up $0.277 on the day to $98.360 and crude oil futures $0.34 lower.
The Seam reported 730 bales sold on Wednesday at an average price of 58.25 cents/lb. The Cotlook A Index was down 45 points at 77.50 cents on September 3. ICE cotton stocks were steady on 9/3, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back down 59 points last week at 54.94 cents/lb.
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Oct 25 Cotton is at 64.76, up 3 points,
Dec 25 Cotton is at 66.24, up 3 points,
Mar 26 Cotton is at 68.09, up 3 points
