Cotton futures are continuing this week’s trend of fading overnight gains, with contracts down 15 to 38 points at midday. Crude oil futures were up 58 cents per barrel at $60.25 on the day, with the US dollar index $0.017 higher to $98.970.
The 12/4 online auction from The Seam showed 5,171 bales sold at an average price of 58.37 cents/lb. The Cotlook A Index was down 10 points on Thursday at 74.70 cents. ICE certified cotton stocks were down 4,309 bales on December 4 with the certified stocks level at 15,585 bales. The Adjusted World Price was updated on Thursday to 51.28 cents/lb last week, up 51 points from the previous week.
