On July 25, cotton futures experienced a modest rebound, with the July contract closing at 64.96 cents, up 28 points. However, current prices reflect losses of 4 to 10 points. The October contract closed at 66.36 cents, while the December contract closed at 67.78 cents, both showing initial gains before declining.
In related commodities, crude oil prices saw a slight decrease, ending at $68.29 per barrel, down 4 cents. The US dollar index fell by $0.012, settling at 97.160. The USDA is expected to release Export Sales data shortly, and recent auction results from The Seam reflected sales of 2,465 bales at an average price of 65.44 cents.
As of July 8, ICE cotton stocks remained steady at 37,989 bales, while the Cotlook A Index decreased by 40 points to 78.75. The Adjusted World Price from USDA increased by 116 points last Thursday to reach 55.34 cents per pound, valid through this Thursday.
