Cotton prices are mixed so far on Tuesday AM trade, with front month gains of 4 to 18 points and some deferreds lower. Futures were up 55 to 69 points to close out the Monday session. Crude oil futures were up 30 cents/barrel to $60.05 on the day, with the US dollar index $0.029 higher to $99.50.
The Friday online auction from The Seam showed 329 bales sold with an average price of 60.69 cents/lb. The Cotlook A Index was down 70 points on 11/7 at 75.85 cents. ICE certified cotton stocks were steady on November 7 with the certified stocks level at 13,749 bales. The AWP continues to not be updated due to the government shutdown.
