Cotton price action is up 10 to 15 points so far on Wednesday. Futures posted a stronger Tuesday trade, with contracts closing 40 to 45 points higher. Crude oil futures were 46 cents per barrel higher at $58.47. The US dollar index was back down $0.364 to $97.590. The markets will be closed on Thursday for Christmas, with an early close for Tuesday.
The Tuesday Export Sales catch up release showed 304,689 RB of cotton sold in the week of December 11, a marketing year high and the largest since February. Shipments improved to 134,371 RB, a 5-week high.
