Cotton Slips Lower on Wednesday

Cotton futures closed the Wednesday session with contracts 16 to 43 pints lower across the board. Crude oil is back up $2.06 per barrel on the session, with the US dollar index $0.074 higher. 

The Cotlook A index was back up 10 points on Tuesday at 93.35. ICE certified cotton stocks were unchanged on September 29, with the certified stocks level at 28,064 bales. The Adjusted World Price was down 283 points last week to 66.09 cents/lb.

Oct 26 Cotton  closed at 74.79, down 34 points,

Dec 26 Cotton  closed at 78.52, down 34 points,

Mar 27 Cotton  closed at 81.38, down 37 points

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.