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Cotton futures rose on Friday, with December contracts up 17 points at 61.85 cents per pound, while January futures increased 2 points to 63.76 cents. In contrast, crude oil futures fell by $1.21 per barrel to $57.79.
On November 20, an online auction from The Seam reported the sale of 4,173 bales of cotton, averaging 62.69 cents per pound. The Cotlook A Index decreased by 65 points to 74.00 cents, and ICE certified cotton stocks remained steady at 20,344 bales. The Adjusted World Price was updated to 50.80 cents per pound, dropping 103 points from the previous week, and is effective from Friday through next Thursday.
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