Barchart: Cotton Heads Lower on Wednesday
Barchart: Cotton Heads Lower on Wednesday

Barchart: Cotton Heads Lower on Wednesday

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Cotton futures were met with weakness on Wednesday, with contracts down 10 to 64 points across most contracts. The outside markets were supportive factors, with crude oil up $1.84/barrel and the US dollar index 186 points lower.

The Seam reported 1,355 bales of online sales on October 29 at an average price of 68.03 cents/lb. ICE cotton stocks were unchanged on Tuesday, leaving 174 bales of certified stocks. The Cotlook A Index was down another 25 points on October 29 at 82.30 cents/lb. The USDA Adjusted World Price (AWP) was back up 4 points to 59.28 cents/lb last Thursday. 

Mar 25 Cotton  closed at 72.2, down 54 points,

May 25 Cotton  closed at 73.85, down 43 points,

Jul 25 Cotton  closed at 75.06, down 33 points

Source: barchart.com

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