Cotton futures are bouncing off overnight lows with contracts up 15 to 25 points by midday, while December is bouncing off a new contract low. The US Dollar Index is back up $0.441 to $98.725, and crude oil is up 92 cents per barrel.
The Seam showed 2,777 bales sold on Oct. 7 at an average price of 61.55 cents/pound. The Cotlook A index was stable on Tuesday at 76.65 cents. ICE cotton stocks were unchanged on October 7, with the certified stock level at 17,891 bales.
October 25 Cotton is at 62.02, 68 points lower.
December 25 Cotton is at 64.7, up 24 points.
Mar 26 Cotton is at 66.55, an increase of 17 points
As of the date of publication, Austin Schroeder had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com