Cotton futures were mostly 6 to 27 points higher, as Dec was down 2 points. The Fed left interest rates UNCH this afternoon, but suggested that there could be another rate rise before the end of the year. They also announced a plan to unwind its long term debt portfolio. The Seam reported online cash sales of 492 bales, with prices rising 2.92 points to 68.27 cents/lb. The Cotlook A index for September 19 was up 80 points from the previous day at 79.7 cents/lb. China sold another 27,200 MT of cotton in Wednesday’s auction of state reserves that saw 27,400 MT offered.

Oct 17 Cotton closed at 70.040, up 6 points,

Dec 17 Cotton closed at 69.250, down 2 points

May 18 Cotton closed at 69.030, up 26 points

Market Commentary provided by:

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