Cotton prices rose 8 to 12 points on Wednesday after falling 22 to 32 points the day before. Crude oil futures increased $1.09 to $60.53 per barrel, while the US dollar index dropped $0.836 to $98.365. The January 19 online auction had sales of 60.43 cents/lb on 1,971 bales, with Cotlook A Index at 74.80 cents. ICE certified cotton stocks remained at 11,029 bales. Mar 26 Cotton closed at 64.34, down 32 points but currently up 11 points. May 26 Cotton closed at 65.96, down 27 points but currently up 10 points. Jul 26 Cotton closed at 67.43, down 22 points but currently up 8 points. Adjusted World Price updated to 51.17 cents/lb, up 20 points from the week prior. Austin Schroeder had no positions in the mentioned securities. Information in the article is for informational purposes only.

Read more at Yahoo Finance: Cotton Trying to Bounce on Wednesday Morning