Cotton futures closed out the Wednesday session with contracts 18 to 67 points higher. The outside markets are mixed factors, with the US dollar index up 278 points and crude oil $1.77/barrel higher.
USDA raised their 24/25 US cotton carryout by 100,000 bales to 4.4 million bales on Tuesday thanks to a production increase.
The Seam reported 2,850 bales of online sales on December 10 at an average price of 68.43 cents/lb. ICE cotton stocks 1,299 bales on Monday, at 19,231 bales of certified stocks. The Cotlook A Index was down 25 points on 12/10 at 80.10 cents/lb. The USDA Adjusted World Price (AWP) was raised by 21 points last week to 57.74 cents/lb. It will be updated on Thursday.
Mar 25 Cotton closed at 70.15, up 67 points,
May 25 Cotton closed at 71.27, up 58 points,
Jul 25 Cotton closed at 72.25, up 50 points
