Cotton futures bounce off overnight lows with contracts up 15 to 25 points at midday, as December rebounds to a new contract low. The U.S. Dollar Index is up $0.441 again at $98.725, with crude oil up 92 cents/barrel.
The Seam posted 2,777 bales sold on October 7 at an average price of 61.55 cents/pound. The Cotlook A index was stable Tuesday at 76.65 cents. ICE cotton stocks remained unchanged as of 10/7, with the certified stock level at 17,891 bales.
October 25 Cotton is at 62.02, down 68 points,
December 25 Cotton is at 64.7, up 24 points,
March 26 Cotton is at 66.55, up 17 points
As of the date of publication, Austin Schroeder had (directly or indirectly) no position in any of the securities mentioned in this article. All information and data contained in this article are for informational purposes only. This article was originally published on Barchart.com
