Cotton Closes Higher on Wednesday

Cotton futures closed the Wednesday session with contracts 8 to 25 points in the green, with outside factors supportive. Crude oil is up $2.04 per barrel on the session, with the US dollar index $0.167 lower.

The Seam reported just 906 bales sold on Thursday, at an average of 67.42 cents/lb. The Cotlook A index was down 75 points on October 27 at 90.70. ICE certified cotton stocks back up 800 bales on 10/27, with the certified stocks level at 27,591 bales. The Adjusted World Price was up another 40 points last week to 65.01 cents/lb. It will be updated on Thursday.

Dec 26 Cotton  closed at 78.15, up 9 points,

Mar 27 Cotton  closed at 81.9, up 8 points,

May 27 Cotton  closed at 83.54, up 15 points

On the date of publication, Austin Schroeder did not directly have a position 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.