Cotton Push Higher into Wednesday’s Close

Cotton futures rose 15 to 56 points in the Wednesday session. The U.S. dollar index was up $0.253 to 99.495, while crude oil fell $1.06 on the day and was nearly $5.00 off session lows. The Seam reported 2,087 bales sold on Tuesday at an average price of $0.6817/lb (68.17 cents/lb).

Analysis

Cotton futures rose 15 to 56 points in the Wednesday session. The U.S. dollar index was up $0.253 to 99.495, while crude oil fell $1.06 on the day and was nearly $5.00 off session lows. The Seam reported 2,087 bales sold on Tuesday at an average price of $0.6817/lb (68.17 cents/lb).