Cotton price action is up 59 to 70 points early on Thursday. Futures closed out Wednesday with losses limited to just 23 to 9 points in the nearbys. The outside markets are supportive factors, as the US dollar index is back down $0.037 on the day to $98.085, with crude oil futures $0.61 higher.
The Seam reported a total of 1,709 bales sold on Tuesday at an average price of 63.91 cents/lb. The Cotlook A Index was steady at 78.90 cents on August 26. ICE cotton stocks were steady on 8/26, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was up 48 points last week at 55.53 cents/lb. It will be updated on Thursday afternoon.
