Cotton Bounces on Wednesday for Gains

Austin Schroeder Barchart Wed Oct 8, 5:02PM CDT
Rolls of cotton fabric by hanohiki via iStock

Cotton futures Bounced off of overnight lows with contracts up 30 to 45 points at the close, as December rallied off a new contract low. The US dollar index is back up $0.276 to $98.560, with crude oil 51 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. 

Oct 25 Cotton  closed at 62.47, up 45 points,

Dec 25 Cotton  closed at 64.91, up 45 points,

Mar 26 Cotton  closed at 66.76, up 38 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.