Cotton futures are trading with mixed Friday action with contracts up 6 points to 10 points lower at midday. Crude oil futures are up 11 cents/barrel to $61.85 at midday, with the US dollar index up $0.021 to $98.750.
The Thursday online auction from The Seam showed 832 bales sold with an average price of 65.00 cents/lb. The Cotlook A Index was back down 55 points on 10/23 at 75.30 cents. ICE certified cotton stocks were steady on October 23, with the certified stocks level at 17,552 bales.
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Dec 25 Cotton is at 64.13, up 6 points,
Mar 26 Cotton is at 65.66, down 1 points,
May 26 Cotton is at 66.88, down 4 points
