Cotton Futures Plummet, Exports Hit Decade Low

Cotton futures experienced a downturn on Wednesday, with prices dropping significantly. This trend was mirrored in crude oil futures, which also fell. The US dollar index, however, saw a gain. August cotton exports hit a ten-year low, indicating a slower international market. Large investors increased their bets against cotton prices, suggesting a bearish outlook. An online auction reported a significant number of bales sold at a lower average price, and the Cotlook A Index also fell. Certified cotton stocks remained steady, with the Adjusted World Price providing a snapshot of the current market dynamics.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.