Cotton futures experienced a decline on July 26, with July contracts dropping 130 points to trade at 74.75 cents per pound. December and March contracts also saw losses, falling 24 and 23 points, respectively. Crude oil prices further decreased by $2.94, now at $76.62 per barrel, while the US dollar index rose to 100.775, an increase of 0.157.
The Seam reported only 3 bales of cotton sold on June 19 at an average price of 65 cents, and the Cotlook A Index remained steady at 88.60 cents. ICE certified cotton stocks decreased by 1,575 bales, totaling 189,447 bales as of June 19. The Adjusted World Price dropped by 111 points last week to reach 62.37 cents per pound.
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