Cotton prices decreased on Wednesday, with October contracts falling the most by 26 points, closing at 66.95 cents/lb. December contracts closed down 3 points at 68.56 cents/lb, and March contracts down 1 point at 69.83 cents/lb. Additionally, crude oil prices rose by $0.10 to $66.62 per barrel, while the US dollar index declined by $0.320 to 97.990.
On July 15, The Seam reported the sale of 2,521 bales of cotton at an average price of 61.21 cents/lb. The Cotlook A Index decreased by 70 points to 78.75, and ICE cotton stocks remained unchanged at 34,234 bales. The USDA’s Adjusted World Price (AWP) is set at 54.71 cents/lb. and will be effective through Thursday evening.
