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Barchart
Barchart
Austin Schroeder

UNCOVERED: Cotton posts losses on tuesday with outside pressure - The Untold Story

Cotton futures posted losses of 40 to 53 points across most contracts on Tuesday. Crude oil futures were down 67 cents/barrel to $60.38 on the day, with the US dollar index back up $0.348 to $100.055.

The November 3 online auction from The Seam showed 5,296 bales sold with an average price of 62.44 cents/lb. The Cotlook A Index was up 40 points on Friday at 76.85 cents. ICE certified cotton stocks were steady on 11/3 with the certified stocks level at 13,749 bales. 

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