Cotton futures experienced mixed trading on May 22, with July contracts down 9 points at 77.33 cents/lb and December contracts up 38 points at 79.71 cents/lb. Managed money increased their net long positions by 2,475 contracts, bringing the total to 62,045 contracts as of May 19. The Cotlook A Index dropped 350 points to 88 cents, while ICE certified cotton stocks rose to 221,124 bales, reflecting an increase of 7,155 bales.
During the trading session, the US dollar index fell to $99.110, and crude oil prices decreased by $2.62, settling at $93.97. Additionally, the Adjusted World Price of cotton declined by 319 points, currently at 68.68 cents/lb.
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