Cotton futures closed higher on Wednesday, with contracts up 25 to 30 points. Crude oil futures also rose, closing at $58.96 per barrel. The US dollar index dropped to $98.620. Commitment of Traders data showed managed money reducing their net short position to 60,329 contracts.

An online auction from The Seam reported sales of 6,299 bales at an average price of 59.38 cents/lb. The Cotlook A Index decreased by 25 points to 73.70 cents. ICE certified cotton stocks remained steady at 13,971 bales. The Adjusted World Price was updated to 51.28 cents/lb, up 51 points from the previous week.

Cotton prices for March, May, and July 2026 all closed higher, with gains ranging from 25 to 26 points. Austin Schroeder did not hold any positions in mentioned securities. Information in the article is for informational purposes only. Original source: Barchart.com.

Read more at Yahoo Finance: Cotton Closes with Midweek Gains