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Cotton futures are experiencing losses between 10 to 20 points on Monday, while December contracts are up 14 points. Crude oil futures have risen by 72 cents to $59.27 per barrel, and the US dollar index stands at $99.225, down by $0.183.
The USDA’s Export Sales report indicated 132,760 RB of cotton sold for the week of October 23, a decrease of 24.43% from the previous week. However, shipments reached a marketing year high of 174,788 RB.
An online auction on November 28 sold 3,605 bales of cotton at an average price of 59.75 cents/lb, while ICE certified cotton stocks remained steady at 20,344 bales. The Adjusted World Price was updated to 50.77 cents/lb, down 3 points from the previous week.
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