Cotton Bounces on Wednesday for Gains

Group 1 - Cotton futures experienced a rebound, with contracts increasing by 30 to 45 points at the close, particularly December contracts which rallied from a new contract low [1] - The US dollar index rose by $0.276 to reach 98.560, while crude oil prices increased by 51 cents per barrel [1] - On October 7, the Seam reported the sale of 2,777 bales at an average price of 61.55 cents per pound, with the Cotlook A Index remaining steady at 76.65 cents [1] Group 2 - Cotton prices for October 25 closed at 62.47, up 45 points; December 25 closed at 64.91, also up 45 points; and March 26 closed at 66.76, up 38 points [2] - Certified ICE cotton stocks remained unchanged at 17,891 bales as of October 7 [1]