Cotton futures are posting triple digit gains of 196 to 207 points in the front months on Wednesday. The Cotlook A index for October 3 was down 85 points from the previous day at 77.70 cents/lb. The Seam showed online cash sale at 3,083 bales on Tuesday, with prices averaging 66.64 cents/lb. The ICAC is estimating 2016/17 ending stocks were down 140,000 MT to 18.55 MMT, but are currently expected to increase to 18.7 MMT in the 2017/18 campaign. ICAC foresees further reductions in Chinese stocks, while world ex-China inventory expands. World mill use is expected to grow modestly in a lower price environment.

Dec 17 Cotton is at 69.59, up 207 points

Mar 18 Cotton is at 68.77, up 196 points

May 18 Cotton is at 69.540, up 200 points

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