Cotton Market Extends Losses

Cotton futures are trading 5 to 19 points lower this morning after posting 24 to 57 point losses in most contracts on Wednesday. The US dollar index was up 252 points on the day. Certified deliverable cotton stocks were up another 4,949 bales to 83,423 bales on Wednesday. The Seam showed 3,105 bales sold on Tuesday for an average gross price of 68 cents/lb. That was down 2.34 cents/lb from the previous day. The Cotlook A index was up 140 points to 77.60 cents/lb. The AWP for cotton is 56.01 cents/lb, and will be updated this afternoon.

--- provided by Brugler Marketing & Management

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