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Barchart
Barchart
Austin Schroeder

UNCOVERED: Cotton bounce higher on the midweek session - The Untold Story

Cotton Oil The Seam United States US Dollar

Cotton futures saw a turnaround on Wednesday, with contracts closing 20 to 25 point gains across the front months. The US dollar index was back down $0.400 on Tuesday to $98.410, with crude oil $0.05 /barrel higher.

Tuesday’s online auction from The Seam showed just 45 bales sold with an average price of 47.24 cents/lb. The Cotlook A Index was down another 35 points on 10/14 at 74.95 cents. ICE certified cotton stocks unchanged on October 14, with the certified stocks level at 16,593 bales. 

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