Cotton futures saw gains in trading on Wednesday, with contracts climbing between 25 to 93 points by the close. The October 26 cotton contract ended at 87.77 cents, up 69 points; December 26 closed at 89.14 cents, up 80 points; and March 27 finished at 91.07 cents, up 84 points.
The Cotlook A Index remained stable at 98.20 cents as of Tuesday, while ICE certified cotton stocks increased by 2,567 bales, totaling 66,327 bales as of August 25. The Adjusted World Price rose by 143 points last week, reaching 69.62 cents per pound.
In contrast, crude oil prices decreased by 45 cents per barrel, and the US dollar index rose by $0.227. The 7-day forecast indicates a relatively dry week for much of Texas, with expected light rainfall totals not exceeding 0.25 inch, while the Gulf region may see nearly an inch.
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