Cotton futures closed out the Wednesday session with contracts 52 to 66 within the pink, as futures reverted decrease from the USDA led rally on Tuesday. The US greenback index was again down $0.302 to $97.625, as crude oil futures have been down one other 45 cents.
The Seam reported 1,066 bales bought on the Tuesday on-line public sale at a mean worth of 60.98 cents/lb. The Cotlook A Index was again up 20 factors at 78.20 cents on August 12. ICE cotton shares have been regular on 8/11, with the licensed shares stage at 18,242 bales. USDA’s Adjusted World Worth (AWP) was down 13 factors on final week at 54.39 cents/lb. It is going to be up to date on Thursday
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Oct 25 Cotton closed at 66.41, down 66 factors,
Dec 25 Cotton closed at 67.73, down 66 factors,
Mar 26 Cotton closed at 69.32, down 52 factors
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