Cotton Fading Off Outside Support for Midday Weakness

Cotton futures are down 60 to 65 points at midday. Crude oil is up $3.16 per barrel on the session, with the US dollar index $0.442 lower.

The Seam reported 3,109 bales sold on Wednesday, at an average of 76.59 cents/lb. The Cotlook A index was steady on 10/14 at 91.25. ICE certified cotton stocks were steady on October 14, 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. It will be updated on Thursday.

Dec 26 Cotton  is at 80.01, down 65 points,

Mar 27 Cotton  is at 83.37, down 63 points,

May 27 Cotton  is at 85.04, down 65 points