Cotton futures are showing midday gains of 27 to 72 points on Wednesday. Crude oil futures are up $1.07/barrel at midday, with the US dollar index back down $0.717 to $99.245.
The Seam reported 4,340 cash bales sold on 4/15, at an average price of 64.27 cents/lb. The Cotlook A Index was down 170 points on Tuesday at 76.40 cents/lb. ICE cotton stocks were steady on April 15 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was back down 212 points last week to 53.10 cents/lb.
