Cotton futures are trading with 60 to 65 point fain across most contracts on Wednesday. Crude oil futures are up 44 cents/barrel to $60.59, with the US dollar index back up $0.057 to $98.510.
There is some optimism ahead of the Trump/Xi meeting later this evening into Thursday in South Korea.
The Tuesday online auction from The Seam showed 3,401 bales sold with an average price of 61.63 cents/lb. The Cotlook A Index was up 35 points on 10/28 at 75.95 cents. ICE certified cotton stocks were up another 500 bales on October 28, with the certified stocks level at 18,052 bales.
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