Cotton Posting Modest Gains on Wednesday
Cotton futures are trading with midday gains of 14 to 20 points across the front months on Wednesday. Crude oil is back up $2.06 per barrel on the session, with the US dollar index $0.074 higher.
The Cotlook A index was back up 10 points on Tuesday at 93.35. ICE certified cotton stocks were unchanged on September 29, with the certified stocks level at 28,064 bales. The Adjusted World Price was down 283 points last week to 66.09 cents/lb.
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Oct 26 Cotton is at 75.13, unch
Dec 26 Cotton is at 79.06, up 20 points,
Mar 27 Cotton is at 81.89, up 14 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.
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