Barchart: Cotton Holds on to Close Wednesday with Gains
Barchart: Cotton Holds on to Close Wednesday with Gains

Barchart: Cotton Holds on to Close Wednesday with Gains

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Cotton futures were up 10 to 15 points in the front months on Wednesday. The outside markets provided some support, as crude oil was up $1.54 on the day to $76.10. The US dollar index was back down $0.231 at $98.775. 

The Seam showed sales of 6,789 bales sold on 3/3, averaging 62.49cents/lb. The Cotlook A Index was back down 95 points on Tuesday at 74.95 cents. ICE certified cotton stocks were unchanged on March 3 with the certified stocks level at 129,302 bales. The Adjusted World Price was raised by 1.79 cents last week to 51.84 cents/lb.

Cotton futures were up 10 to 15 points in the front months on Wednesday. The outside markets provided some support, as crude oil was up $1.54 on the day to $76.10. The US dollar index was back down $0.231 at $98.775. 

The Seam showed sales of 6,789 bales sold on 3/3, averaging 62.49cents/lb. The Cotlook A Index was back down 95 points on Tuesday at 74.95 cents. ICE certified cotton stocks were unchanged on March 3 with the certified stocks level at 129,302 bales. The Adjusted World Price was raised by 1.79 cents last week to 51.84 cents/lb.

Mar 26 Cotton  closed at 62.16, up 12 points,

May 26 Cotton  closed at 64.16, up 12 points,

Jul 26 Cotton  closed at 66.1, up 15 points

Source: barchart.com

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