Cotton Futures Dip, Export Sales Soar

Cotton futures experienced a minor decline, ending the day down by twenty to twenty-five points, following an earlier rise. Crude oil futures also dropped, settling at fifty-eight dollars and eighty-five cents per barrel. The US dollar index saw a slight increase, reaching ninety-nine dollars and seventy-five cents.Cotton export sales had a strong week, with nearly three hundred thousand running bales sold, marking a marketing year high. However, shipments were down slightly from the previous week. The Cotlook A Index decreased by fifty points, settling at seventy-four point two zero cents.Certified cotton stocks held by the Intercontinental Exchange were down by one thousand six hundred fourteen bales, totaling thirteen thousand nine hundred seventy-one bales. The Adjusted World Price for cotton showed a slight increase, rising fifty-one points to fifty-one point two eight cents per pound.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.