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Cotton futures fell by 55 to 64 points on Thursday, with October contracts expiring. The Cotlook A Index rose 50 points to 76.55 cents, while ICE certified cotton stocks remained steady at 16,471 bales as of October 9.
Earlier, President Trump indicated increased tensions with China on Truth Social, claiming the country is becoming “hostile” following its export control over rare earth minerals. He suggested a possible cancellation of his meeting with President Xi in South Korea and proposed a major increase in tariffs on Chinese products.
As of the Friday session, the US dollar index decreased by $0.525 to $98.760, and crude oil prices dropped $2.55 per barrel, falling below the $60 mark.
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