Cotton futures closed Thursday with front months down 4 points and other contracts up 5 points. Outside factors like the US dollar index rising to $98.245 and lower crude oil futures affected the market. The Seam reported 730 bales sold on Wednesday at an average price of 58.25 cents/lb. ICE cotton stocks remained steady on 9/3. USDA’s Adjusted World Price (AWP) dropped to 54.31 cents/lb. Oct 25 Cotton closed at 64.69, down 4 points. Dec 25 Cotton closed at 66.2, down 1 point. Mar 26 Cotton closed at 68.09, up 3 points.
Read more at Yahoo Finance: Cotton Posts Mixed Action on Thursday
