Cotton futures were up 30 to 99 34 points in the nearby contracts on Wednesday. Crude oil futures were up 60 cents per barrel at $58.55 on the day, with the US dollar index $0.069 lower to $99.520. The markets will be closed on Thursday.
The November 25 online auction from The Seam showed 6,457 bales sold at an average price of 59.97 cents/lb. The Cotlook A Index was up 25 points on Monday at 74.35 cents. ICE certified cotton stocks were steady on 11/25 with the certified stocks level at 20,344 bales. The Adjusted World Price was updated to 50.80 cents/lb last week, down 103 points from the previous week.
