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Barchart
Barchart
Austin Schroeder

Cotton Slipping at Friday’s Midday

Cotton Oil The Seam IS United States US Dollar

Cotton futures are back to slightly weaker trade on Friday, with contracts down 2 to 5 points in the nearbys. Crude oil futures are up 5 cents per barrel at $57.64, with the US dollar index $0.21 lower to $98.365. 

Thursday’s online auction from The Seam showed sales of 13,615 bales at an average price of 60.93 cents/lb. The Cotlook A Index was back up 25 points on 12/11 at 74.20 cents. ICE certified cotton stocks were steady on December 11 with the certified stocks level at 13,971 bales. The Adjusted World Price was updated to 50.39 cents/lb on Thursday, down 89 points from the previous week.

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