“`html
On September 18, cotton futures closed with losses ranging from 50 to 69 points, with the October 25 contract at 64.5 cents, the December 25 at 66.38 cents, and the March 26 at 68.34 cents. The US dollar index increased by $0.304 to $97.275, while crude oil futures fell by $0.49.
The USDA reported upland cotton export business at 3.973 million running bales (RB), reflecting an 18% decline from the previous year and constituting only 36% of the USDA’s projection. This is significantly below the average sales pace of 52%.
The Cotlook A Index decreased by 45 points to 78.65 cents, and the USDA’s Adjusted World Price (AWP) rose by 69 points to 54.79 cents per pound. ICE cotton stocks remained stable at 15,474 bales.
“`
