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Barchart
Barchart
Austin Schroeder

Cotton Extends Losses to Wednesday Morning

Cotton Oil United States US Dollar

Cotton price action is down another 20 to 30 points on Wednesday. Futures close the Tuesday session with contracts down 68 to 71 points in the nearbys. The US dollar index was back up $0.513 on Tuesday to $98.312, with crude oil 36 cents/barrel higher.

The Seam showed 633 bales sold at an average price of 60.70 cents/lb on October 6. The Cotlook A Index was back up 20 points on Monday to 76.65 cents. ICE cotton stocks were unchanged on 10/3, with the certified stocks level at 17,891 bales. 

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