Cotton value motion was down 1 to 26 factors throughout most contracts on Wednesday. Thinly traded October was down the toughest. Crude oil was up a dime per barrel at $66.62, with the US greenback index giving again sturdy early week features at present, down $0.320 to 97.990.
The Seam confirmed gross sales on 2,521 bales on Tuesday, with a median value of 61.21 cents/lb. The Cotlook A Index was down 70 factors at 78.75 on July 15. ICE cotton shares had been regular on July 15, with the licensed shares stage at 34,234 bales. USDA’s Adjusted World Worth (AWP) is 54.71 cents/lb. and in impact via Thursday night.
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Oct 25 Cotton closed at 66.95, down 26 factors,
Dec 25 Cotton closed at 68.56, down 3 factors,
Mar 26 Cotton closed at 69.83, down 1 factors
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