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Barchart
Barchart
Austin Schroeder

Cotton Trade Holding Steady at Midday

Cotton futures are trading with contracts down 7 points to 2 points higher at midday. Crude oil is up 64 per barrel on the session, with the US dollar index $0.320 lower.

The Seam reported 836 bales sold on Monday, at an average of 77.22 cents/lb. The Cotlook A index was up 50 points on October 13 at 91.15. ICE certified cotton stocks were steady on 10/13, with the certified stocks level at 17,756 bales. The Adjusted World Price was down another 135 points last week to 63.81 cents/lb.

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