Cotton Rounds Out Wednesday with Gains

Cotton futures posted strength on the Wednesday session with contracts up 25 to 93 points at the close. Crude oil was down 45 cents per barrel, with the US dollar index $0.227 higher.

The 7-day forecast remains relatively dry for much of Texas, with scattered light totals not seen over 0.25 inch. The Gulf is expected to see totals nearing an inch.

The Cotlook A Index was unchanged on Tuesday at 98.20 cents. ICE certified cotton stocks were up 2,567 on August 25, with the certified stocks level at 66,327 bales. The Adjusted World Price was raised by 143 points last week to 69.62 cents/lb. 

Oct 26 Cotton  closed at 87.77, up 69 points,

Dec 26 Cotton  closed at 89.14, up 80 points,

Mar 27 Cotton  closed at 91.07, up 84 points

Austin Schroeder

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