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Cotton Reverting Higher at Midday
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Cotton futures are trading with midday gains of 30 to 35 points at midday. Crude oil is up $5.09 on the day. The US dollar index is $0.685 higher at $99.410. The Seam showed sales of 4,911 bales on March 23, averaging 66.47 cents/lb. The Cotlook A Index was down 40 points on Monday at 77.85 cents. ICE certified cotton stocks were unchanged on 3/23, with the certified stocks level at 115,640 bales. The Adjusted World Price was raised by 2.72 cents to 54.22 cents/lb last Thursday. Favorable Brazil Crop Outlook Weighs on Coffee Prices Cocoa Prices Fall on Expectations of a Bumper West African Cocoa Crop What's the Connection Between the US War on Iran, Fuel, Fertilizer, and Food Prices? (Part 1) Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. May 26 Cotton is at 67.52, up 34 points, Jul 26 Cotton is at 69.65, up 34 points, Dec 26 Cotton is at 72.16, up 32 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. This article was originally published on Barchart.com