Cotton Futures Drop on Wednesday; Crude Up, Dollar Steady—CTC, CL, CC

Cotton futures fell on Wednesday, with front-month contracts down 7–12 points. Crude oil CL rose $1.26 to $64.47/bbl; the USD index rose 0.214 to 97.515. Tuesday’s online auction sold at 55.62¢/lb on 8,680 bales. The Cotlook A Index closed at 73.35¢/lb on Feb 3. ICE certified stocks rose 2,247 to 36,515 bales. Mar 26: CTC @ 62.24, -7 May 26: CL @ 63.99, -12 Jul 26: CC @ 65.72, -8 Data source: Barchart.com. Austin Schroeder has no positions in any of the securities mentioned. This is for informational purposes only.