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Cotton Fading Off Outside Support for Midday Weakness
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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


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.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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