“`html
Cotton futures experienced a notable increase on Turnaround Tuesday, with contracts closing up by 10 to 27 points. The US dollar index fell by $0.089 to $97.495, while crude oil prices decreased by $1.01. As of October 25, the October Cotton contract closed at 63.32 cents/lb (+27 points), the December contract at 65.77 cents/lb (+27 points), and the March contract at 67.57 cents/lb (+13 points).
The NASS Crop Progress report released indicated that cotton harvest is progressing at an average pace, currently at 16%. Cotton conditions remained steady at 47% rated good/excellent, with the Brugler500 index increasing by 2 points to 335. Notably, ratings in Texas improved by 2 points, while Georgia’s ratings declined by 2 points. Additionally, Monday’s auction from The Seam reported 316 sales at an average price of 63.70 cents/lb.
As of September 29, the Cotlook A Index remained unchanged at 77.70 cents, and ICE cotton stocks were also unchanged at 15,474 bales. The USDA’s Adjusted World Price (AWP) decreased by 41 points to 54.38 cents/lb.
“`
