Cotton futures are experiencing mixed trading as of June 5, with the July contract down 25 points at 73.5 cents per pound, while December and March contracts show slight gains. The U.S. dollar index decreased by $0.106 to $99.94, and crude oil prices rose by 79 cents, reflecting broader commodity market trends.
Recent CFTC data reveals that speculators reduced their net long positions in cotton futures and options by 1,798 contracts, bringing the total to 52,402 contracts. Additionally, The Seam reported sales of 1,311 bales at an average price of 74.00 cents/lb, while ICE certified cotton stocks increased by 11,219 bales to reach 261,648 bales. The Adjusted World Price has dipped to 63.20 cents/lb, a decline of 29 points.
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