Cotton is trading triple digits higher so far this morning. The cotton drawdown continued through the Tuesday session. Front month futures ended the day 161 to 271 points in the actively traded months. The December contract was 26.26 cents off the high set following August’s WASDE, but is still up 10.79 cents from the low in early July. The FOMC will announce interest rate policy decision this afternoon.Â
The Seam reported 616 bales were sold online on 9/19 for an average gross price of 103.50 cents. The Cotlook A Index for 9/16 was up 50 points to 121.75 cents. ICE maintained 4,552 certified stocks for 9/14. USDA’s AWP for cotton through Thursday is 95.17 cents.Â
Dec 22 Cotton  is at 93.95, down 209 points, currently up 169
Mar 23 Cotton  is at 90.95, down 210 points, currently up 161
May 23 Cotton  is at 89.15, down 188 points currently up 137
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