Cotton futures are bouncing off of overnight lows with contracts up 15 to 25 points at midday, as December is bouncing from a new contract low. The US dollar index is back up $0.441 to $98.725, with crude oil 92 cents/barrel higher.
The Seam showed 2,777 bales sold on October 7 at an average price of 61.55 cents/lb. The Cotlook A Index was steady on Tuesday at 76.65 cents. ICE cotton stocks were unchanged on 10/7, with the certified stocks level at 17,891 bales.
