Cotton futures were under pressure on Wednesday, with contracts falling back 135 to 225 points across the front months. The US dollar index was 0.209 higher at $98.430. Crude oil was up another $3.20 to $92.87.
The Seam showed 905 bales sold on April 21 at an average of 74.69 cents/lb. The Cotlook A Index was another 35 points higher on Tuesday at 89.45 cents. ICE certified cotton stocks were up 893 bales via new certifications on 4/21, with the certified stocks level at 165,860 bales. The Adjusted World Price was up another 287 points last week to 61.61 cents/lb.
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May 26 Cotton closed at 76.33, down 193 points,
Jul 26 Cotton closed at 78.64, down 222 points,
Dec 26 Cotton closed at 80.16, down 163 points
