Cotton futures saw mixed action on Wednesday, with prices fluctuating between 3 points higher to a point lower. Crude oil futures dropped 79 cents, while the US dollar index weakened by $0.177 to $96.940. The Seam reported sales of 1,093 bales at an average price of 61.43 cents/lb. The Cotlook A Index fell 80 points to 78.65 on July 21, with ICE cotton stocks remaining steady at 22,337 bales on 7/22. USDA’s Adjusted World Price (AWP) increased slightly to 54.72 cents/lb, effective through the following Thursday. Oct 25 Cotton closed at 66.62, up 3 points, Dec 25 Cotton at 68.24, down 1 point, and Mar 26 Cotton at 69.63, up 2 points. Austin Schroeder did not hold any positions in the mentioned securities. This article is for informational purposes only and was originally published on Barchart.com.

Read more at Yahoo Finance: Cotton Comes Back to Close Steady