Cotton prices are down 16 to 35 points so far on Thursday morning. Futures posted 21 to 22 nearby gains on Wednesday, with October up 91 points on low volume. The US dollar index is down $0.037 on the day to $97.725 with crude oil futures $1.12 higher.
The Seam reported 2,486 bales sold on Tuesday at an average price of 62.21 cents/lb. The Cotlook A Index was up 25 points at 77.65 cents on September 9. ICE cotton stocks were steady on 9/9, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 63 points last week at 54.31 cents/lb. It is good through Thursday.
