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Barchart
Barchart
Austin Schroeder

Cotton Continuing Pullback on Tuesday Morning

Cotton Oil Ice United States US Dollar

Cotton price action is down 24 to 30 points so far. Futures closed the Monday session with contracts down 10 to 16 points in the front months. The US dollar index was back up $0.380 on Monday to $97.795, with crude oil extending the recent bounce, up $0.85/barrel.

The October 3 online auction from The Seam showed 240 sales at an average price of 62.30 cents/lb. The Cotlook A Index was back down 50 points on Friday to 76.45 cents. ICE cotton stocks were unchanged on 10/3, with the certified stocks level at 17,891 bales. 

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