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Cotton futures closed on October 25, 2023, down 10 to 17 points, with October cotton settling at 63.15 cents/lb, December at 65.61 cents/lb, and March at 67.47 cents/lb. The U.S. dollar index decreased to 97.425, while crude oil prices fell by 59 cents.
Tuesday’s online auction from The Seam recorded 942 sales with an average price of 63.62 cents/lb. The Cotlook A Index dropped 80 points to 76.90 cents, while ICE cotton stocks increased by 2,417 bales to a total of 17,891 bales as of September 30. USDA’s Adjusted World Price fell to 54.38 cents/lb.
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