Cotton prices are up 8 to 18 points on Thursday. 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.
