“`html
Cotton futures experienced slight gains of 9 to 16 points on Monday, with December closing at 61.44 cents/lb, March at 64 cents/lb, and May at 65.23 cents/lb. Simultaneously, crude oil futures rose by 83 cents to $58.89 per barrel, while the US dollar index increased by $0.022 to $100.135.
The USDA’s National Agricultural Statistics Service (NASS) reported that the US cotton crop is currently 79% complete, trailing the 80% average pace. In addition, The Seam’s online auction on November 20 saw 4,368 bales sold at an average price of 60.77 cents/lb, and the Adjusted World Price was updated to 50.80 cents/lb, a decrease of 103 points from the previous week.
“`
