Cotton futures are down 50 to 52 points in the front months on Thursday’s midday. Crude oil futures are down 33 cents/barrel to $59.29 in the day, with the US dollar index down $0.444 to $99.615.
The Wednesday online auction from The Seam showed 2,463 bales sold with an average price of 62.98 cents/lb. The Cotlook A Index was down 55 points on 11/5 at 76.55 cents. ICE certified cotton stocks were steady on November 4 with the certified stocks level at 13,749 bales.
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Dec 25 Cotton is at 64.71, down 52 points,
Mar 26 Cotton is at 65.88, down 52 points,
May 26 Cotton is at 67.06, down 51 points
