Cotton futures posted losses of 11 point in the front months on Wednesday, with other contract holding lower. Crude oil futures were up 37 cents per barrel at $59.01 on the day, with the US dollar index $0.476 lower to $98.820.
The December 2 online auction from The Seam showed 15,688 bales sold at an average price of 61.31 cents/lb. The Cotlook A Index was back down 10 points on Tuesday at 74.95 cents. ICE certified cotton stocks were steady on 12/2 with the certified stocks level at 19,894 bales. The Adjusted World Price was updated to 50.77 cents/lb last week, down 3 points from the previous week. It will be updated on Thursday.
