Cotton prices fell by 11 to 21 points on Thursday morning, following a rally on Wednesday where futures increased by 104 to 106 points for the front-month contracts. As of the latest updates, the Cotlook A Index remained unchanged at 85.30 cents, and ICE certified cotton stocks held steady at 185,034 bales as of June 30. The Adjusted World Price rose by 151 points last week to 63.88 cents per pound, with an update expected later today.
On the futures market, July cotton closed at 73.28 cents (up 106 points), December at 77.84 cents (up 104 points, now down 11), and March at 79.19 cents (up 105 points, now down 19). Additionally, crude oil prices decreased by $1.41 per barrel to $68.09, while the US dollar index increased by $0.243 to reach $101.200. The market anticipates a three-day weekend due to the Independence Day holiday on Friday.
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