“`html
Cotton futures experienced losses on Tuesday, with July 24 closing at 69.33 cents per pound, down 74 points, while Dec 24 and Mar 25 closed at 72.7 and 74.39 cents, down 40 and 37 points respectively. The dollar index fell by 212 points, and crude oil prices decreased by 32 cents per barrel.
As of July 1, ICE certified cotton stocks decreased by 4,818 bales to 54,217 bales. The most recent USDA Average World Price (AWP) increased by 1.58 to 58.23 cents per pound, effective through July 4, with the next announcement scheduled for July 5 at 8 AM EDT. Crop Progress data indicated Texas with 13% of the crop setting bolls and Georgia at 12%, both 2% above normal, while overall good/excellent ratings dropped to 50%.
“`
