Cotton Bulls Pushing Higher on Wednesday

Cotton futures are extending higher on Wednesday, with contracts rallying 70 to 80 points, as March is up 124 points in thinner trade. Crude oil futures are down 10 cents per barrel on the day at $65.53. The US dollar index is down $0.180 at $97.595. The Seam showed sales of 25.330 bales sold on 2/24, averaging 61.69 cents/lb. The Cotlook A Index was down 20 points on Tuesday at 75.55 cents. ICE certified cotton stocks were steady on February 24, with the certified stocks level at 119,457 bales. The Adjus ...