Cotton futures posted marginally mixed trade on Wednesday, with contracts within 10 points of unchanged. Crude oil prices are up $3.32/barrel, with the US dollar index back down $0.455 to $98.615.
The Cotlook A Index was back up 50 points on 6/10 at 78.50. ICE cotton stocks were up 67 bales on June 10 via new certifications, with a certified stocks level of 53,418 bales. USDA’s Adjusted World Price (AWP) was back down 8 points last week at 53.76 cents/lb.
