Cotton futures closed the session with 28 to 122 point gains on Wednesday. As expected, the Federal Reserve increases interest rates 0.25% this afternoon. In buy the rumor sell the fact action, the US dollar was down 671 points, providing some support for commodities. The average farm cash price range was raised 3 cents to 63-69 cents, with the mid-point up to 66 cents/lb in the WASDE report. The Cotlook A index was down 75 points from the previous day to 83.45 cents/lb on December 12. Online cash sales of cotton rose to 21,066 bales on the Seam, with prices 79 points higher at 69.23 cents/lb.

Mar 18 Cotton closed at 74.130, up 122 points,

May 18 Cotton closed at 74.550, up 105 points

Oct 18 Cotton closed at 73.160, up 74 points

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