Cotton Fading Back Lower on Wednesday

Group 1 - Cotton prices have decreased by 6 to 10 points in nearby contracts, reversing early gains [1] - Crude oil futures have increased by 73 cents per barrel, reaching $59.37 [1] - The US dollar index has fallen by $0.436 to $98.860 [1] Group 2 - The December 2 online auction from The Seam reported 15,688 bales sold at an average price of 61.31 cents per pound [2] - The Cotlook A Index decreased by 10 points to 74.95 cents [2] - ICE certified cotton stocks remained steady at 19,894 bales as of December 2 [2] - The Adjusted World Price was updated to 50.77 cents per pound, down 3 points from the previous week [2] - Cotton prices for December 25, March 26, and May 26 contracts are at 62.77 cents, 64.47 cents, and 65.63 cents respectively, with decreases of 6, 10, and 8 points [2]