Cotton futures closed the Wednesday session with gains of 20 to 27 points. The outside factors were supportive, as the US dollar index was down 150 points, with crude oil $2.99/barrel higher and breaching the $80 level
The Seam reported 5,283 bales of online sales on January 14 at an average price of 60.86 cents/lb. ICE cotton stocks were down 19,895 bales on decertification on Tuesday, at 218 bales of certified stocks. The Cotlook A Index was back up 55 points on 1/14 at 78.00 cents/lb. The USDA Adjusted World Price (AWP) was back down 37 points from the previous week last Thursday at 54.66 cents/lb.
Mar 25 Cotton closed at 67.77, up 27 points,
May 25 Cotton closed at 68.92, up 22 points,
Jul 25 Cotton closed at 69.92, up 20 points
Πηγή: barchart.com