Cotton Trading Higher on Thursday Morning

Cotton prices are 10 to 17 points higher on Thursday Morning. Futures closed the Wednesday session with losses of 53 to 68 points. Crude oil rallied $1.56/barrel back to near the $60 level, as President Trump is increasing sanctions on Russian oil companies. The US dollar index was down $0.016 to $98.695.

The Tuesday online auction from The Seam showed 1,563 bales sold with an average price of 60.99 cents/lb. The Cotlook A Index was down 5 points on 10/21 at 75.60 cents. ICE certified cotton stocks were up another 800 bales on October 21, with the certified stocks level at 17,552 bales. The AWP is still not being reported due to the government shutdown.Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

Dec 25 Cotton closed at 63.74, down 68 points, currently up 15 points

Mar 26 Cotton closed at 65.42, down 56 points, currently up 17 points

May 26 Cotton closed at 66.65, down 53 points currently up 16 points

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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