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Barchart
Barchart
Austin Schroeder

Cotton Closes with Tuesday Gains

Cotton Oil The Seam United States US Dollar

Cotton futures saw a Tuesday bounce off overnight lows, with contracts closing up 17 to 26 points in the front month. Crude oil is bouncing off overnight weakness, with gains of 55 cents/barrel and the US dollar index up $0.405 to $98.760.

Th Friday online auction from The Seam showed 676 bales sold with an average price of 63.45 cents/lb. The Cotlook A Index was up 55 points on 10/20 at 75.65 cents. ICE certified cotton stocks were steady on October 20, with the certified stocks level at 16,752 bales. The AWP is still not being reported due to the government shutdown.

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