Cotton Fades Lower on Thursday

Cotton futures were under pressure late, despite supportive outside markets, as contracts were down 24 to 60 points. Crude oil was up $2.46 per barrel on the session, with the US dollar index $0.562 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 back up 80 points on Thursday afternoon to 64.61 cents/lb.

Dec 26 Cotton  closed at 80.06, down 60 points,

Mar 27 Cotton  closed at 83.42, down 58 points,

May 27 Cotton  closed at 85.12, down 57 points