Cotton futures had a mixed trading day, with contracts ranging from 10 points lower to 14 points higher in the nearbys. Crude oil futures saw an increase of $1.10 per barrel, closing at $63.49. The US dollar index rebounded by $0.144 after dropping to $96.195. The latest online auction from The Seam reported sales of 56.06 cents/lb on 10,023 bales. The Cotlook A Index fell by 75 points to 73.30 cents. ICE certified cotton stocks rose by 2 bales to 8,597 bales. The Adjusted World Price was updated to 50.99 cents/lb, a decrease of 18 points from the previous week. In trading, Mar 26 Cotton closed at 63.73, down 10 points, May 26 Cotton closed at 65.46, up 1 point, and Jul 26 Cotton closed at 67.1, up 9 points.
Read more at Yahoo Finance: Cotton Pulls Off Early Gains to Close Mixed
