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Cotton Slips Back on Monday

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Cotton futures closed the Monday session with contracts down 10 to 16 points in the front months. The US dollar index was back up $0.380 on Monday to $97.795, with crude oil extending the recent bounce, up $0.85/barrel.

The October 3 online auction from The Seam showed 240 sales at an average price of 62.30 cents/lb. The Cotlook A Index was back down 50 points on Friday to 76.45 cents. ICE cotton stocks were unchanged on 10/3, with the certified stocks level at 17,891 bales. 

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Oct 25 Cotton  closed at 62.7, down 16 points,

Dec 25 Cotton  closed at 65.14, down 16 points,

Mar 26 Cotton  closed at 67.09, down 10 points

On the date of publication,

Austin Schroeder

did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.

For more information please view the Barchart Disclosure Policy

here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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