Cotton futures are showing a rally on Wednesday, up 53 to 64 points a midday. The US dollar index is back down $0.315 on Tuesday to $98.495, with crude oil $0.19/barrel lower.
Tuesday’s online auction from The Seam showed just 45 bales sold with an average price of 47.24 cents/lb. The Cotlook A Index was down another 35 points on 10/14 at 74.95 cents. ICE certified cotton stocks unchanged on October 14, with the certified stocks level at 16,593 bales.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Dec 25 Cotton is at 64.15, up 64 points,
Mar 26 Cotton is at 65.67, up 58 points,
May 26 Cotton is at 66.84, up 53 points
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
- Grain Traders Are Shocked by Unexpected Deterioration in U.S.-China Relations. 5 Things to Watch for a Turnaround.
- Will Cotton Ever Rally?
- As China Shuns U.S. Ag Products, Make This 1 Trade Now
- Corn, Soybean Bulls Had One Foot in the Grave Last Week. What to Watch Next.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
