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On Thursday, cotton futures experienced losses of 28 to 40 points, with December 25 cotton closing at 62.90 cents per pound. Meanwhile, crude oil futures rose by 10 cents to $58.59 per barrel, and the US dollar index dipped by 0.304 to 99.070.
Delayed Export Sales data from the week of September 25 revealed sales of 155,414 running bales (RB) of cotton, with shipments at 117,595 RB. The Cotlook A Index dropped by 40 points to 75.40 cents on November 12, and ICE certified cotton stocks increased by 1,000 bales, totaling 18,239 bales.
Additionally, results from the Wednesday online auction indicated that 2,310 bales were sold at an average price of 60.62 cents per pound, marking the first release of this week’s Adjusted World Price at 51.83 cents per pound since a prior shutdown.
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