Cotton Gains Pushing to Wednesday’s Midday

Group 1 - Cotton futures are experiencing gains of 60 to 65 points across most contracts on Wednesday [1] - Crude oil futures have increased by 44 cents per barrel, reaching $60.59, while the US dollar index has risen by $0.057 to $98.510 [1] - There is optimism in the market ahead of the Trump/Xi meeting scheduled for later this evening into Thursday in South Korea [1] Group 2 - The Tuesday online auction from The Seam reported the sale of 3,401 bales at an average price of 61.63 cents per pound [2] - The Cotlook A Index increased by 35 points on October 28, reaching 75.95 cents [2] - ICE certified cotton stocks rose by 500 bales on October 28, bringing the total certified stocks to 18,052 bales [2] - December 25 Cotton is priced at 65.69 cents, up 64 points; March 26 Cotton is at 67.23 cents, up 63 points; May 26 Cotton is at 68.42 cents, up 62 points [2]