Cotton Back to Higher Trade on Wednesday Morning

Group 1 - Cotton prices increased by 10 to 17 points across most nearby contracts on Wednesday morning, following a steady to 7 points lower trend on Tuesday [1] - The December 1 online auction from The Seam reported 6,106 bales sold at an average price of 60.03 cents per pound [2] - The Cotlook A Index rose by 10 points to 75.05 cents on Monday [2] Group 2 - ICE certified cotton stocks decreased by 450 bales, bringing the total to 19,894 bales [2] - The Adjusted World Price was updated to 50.77 cents per pound, down 3 points from the previous week [2] - Managed money trimmed 98 contracts from their previous record net short position, reducing it to 81,245 contracts as of October 21 [1]