Cotton Futures Edge Higher as Market Data Shows Mixed Movements
Cotton futures rose slightly on Wednesday, with March contracts up 11 points. The Seam auction recorded sales at 60.08 cents/lb, while crude oil and the US dollar index declined.
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Cotton futures rose slightly on Wednesday, with March contracts up 11 points. The Seam auction recorded sales at 60.08 cents/lb, while crude oil and the US dollar index declined.
Cotton futures traded steady to lower Tuesday with front months down 3 points. The Seam auction recorded 21,284 bales at 60.09 cents/lb. ICE certified stocks fell 481 bales to 11,029 bales.
Cotton futures gained 50-55 points Monday after USDA data revealed lower production and ending stocks, with ginnings down from a year ago.