Cotton futures dropped 45-50 points, influenced by mixed outside markets. The US dollar index rose $0.617 to $97.510, while crude oil futures gained $1.40 on Wednesday. The Seam’s online auction saw 910 sales at an average price of 62.86 cents/lb. ICE cotton stocks remained steady, with certified stocks at 15,474 bales on 9/22.

On September 23, the Cotlook A Index held at 77.85 cents, and USDA’s Adjusted World Price (AWP) rose 69 points to 54.79 cents/lb last week. Cotton prices closed down on October 25: Oct 25 Cotton at 64.04 (-49 points), Dec 25 Cotton at 66.17 (-47 points), Mar 26 Cotton at 68.11 (-45 points). Austin Schroeder had no positions in mentioned securities. Information is for informational purposes only.

Read more at Yahoo Finance: Cotton Falls Back on Wednesday