Cotton prices have decreased by 10 to 22 points as of Tuesday morning, following gains of 20 to 36 points on the previous day. As of April 19, 11% of the U.S. cotton crop has been planted, which is 1 percentage point above the five-year average of 10%. The U.S. dollar index fell to $97.845, down $0.053.
On April 17, The Seam reported 1,783 bales sold at an average price of 74.86 cents per pound. The Cotlook A Index rose by 75 points to 87.35 cents on the same day. ICE certified cotton stocks increased by 2,600 bales to a total of 164,967 bales, while the Adjusted World Price rose by 287 points to 61.61 cents per pound.
As for futures, May 26 cotton closed at 77.6, a rise of 20 points but is currently down 21 points. July 26 cotton closed at 80.04, up 22 points but currently down 20 points. December 26 cotton closed at 80.76, up 26 points and is currently down 10 points.
