Cotton Turning Higher On Wednesday After Hitting Contract Lows

Cotton futures are bouncing off of overnight lows with contracts up 15 to 25 points at midday, as December is bouncing from a new contract low. The US dollar index is back up $0.441 to $98.725, with crude oil 92 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. More News from Barchart Oct 25 Cotton  is ...