Cotton futures rose by 30 to 45 points on Wednesday, coinciding with the expiration of the July contract. Meanwhile, crude oil prices increased by 47 cents to $68.80 per barrel, and the US dollar index rose by $0.043, reaching $97.255.
In an online auction on Tuesday, The Seam reported sales of 2,465 bales at an average price of 65.44 cents. The Cotlook A Index decreased by 40 points to 78.75 as of July 8. ICE cotton stocks remained steady, with certified stocks at 37,989 bales. USDA’s Adjusted World Price (AWP) rose by 116 points last Thursday to 55.34 cents per pound, valid through this Thursday.
