Cotton futures posted 21 to 22 nearby gains on Wednesday, with October up 91 points on low volume. The US dollar index is down $0.037 on the day to $97.725 with crude oil futures $1.12 higher.
The Seam reported 2,486 bales sold on Tuesday at an average price of 62.21 cents/lb. The Cotlook A Index was up 25 points at 77.65 cents on September 9. ICE cotton stocks were steady on 9/9, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 63 points last week at 54.31 cents/lb. It is good through Thursday.
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Oct 25 Cotton closed at 65.56, up 91 points,
Dec 25 Cotton closed at 66.67, up 21 points,
Mar 26 Cotton closed at 68.59, up 22 points
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