Cotton futures rose 3 points on Thursday despite mixed pressure from outside markets. The US dollar index was up $0.277 to $98.360, while crude oil futures dropped $0.34.
730 bales were sold on Wednesday at an average price of 58.25 cents/lb. The Cotlook A Index fell 45 points to 77.50 cents on September 3. ICE cotton stocks remained steady at 15,474 bales. USDA’s Adjusted World Price dropped 59 points to 54.94 cents/lb last week.
Oct 25 Cotton is at 64.76, up 3 points. Dec 25 Cotton is at 66.24, up 3 points. Mar 26 Cotton is at 68.09, up 3 points.
Read more at Yahoo Finance: Cotton Trading with Slight Gains at Midday
