Cotton Reverting Higher at Midday

Crude oil rose $5.09 intraday while cotton futures were up roughly 30–35 points at midday. The US Dollar Index gained $0.685 to 99.410. The Seam reported sales of 4,911 bales on March 23 at an average of $0.6647/lb (66.47 cents/lb); the Cotlook A Index was reported as down (value not provided).

Analysis

Crude oil rose $5.09 intraday while cotton futures were up roughly 30–35 points at midday. The US Dollar Index gained $0.685 to 99.410. The Seam reported sales of 4,911 bales on March 23 at an average of $0.6647/lb (66.47 cents/lb); the Cotlook A Index was reported as down (value not provided).