Cotton futures are up 60 to 65 points, trading higher on Wednesday. Crude oil futures also see an increase of 44 cents/barrel to $60.59, while the US dollar index rises to $98.510. There’s optimism surrounding the Trump/Xi meeting in South Korea.

The recent online auction from The Seam saw 3,401 bales sold at an average price of 61.63 cents/lb. The Cotlook A Index rose by 35 points to 75.95 cents. ICE certified cotton stocks increased by 500 bales on October 28, reaching 18,052 bales.

Cotton prices for Dec 25, Mar 26, and May 26 are at 65.69, 67.23, and 68.42 respectively, all showing gains. Austin Schroeder did not have any positions in the mentioned securities. This information is for informational purposes only.

Read more at Yahoo Finance: Cotton Gains Pushing to Wednesday’s Midday