Cotton futures experienced losses ranging from 62 to 188 points on Wednesday, with May futures set to expire at market close. The U.S. dollar index decreased by $0.405 to $97.905, while crude oil prices fell by $6.71 amid pending U.S.-Iran negotiations related to safe passage through the Strait of Hormuz.
On May 5, the Seam reported 7,483 bales sold at an average price of 79.55 cents per pound. As of the same date, the Cotlook A Index increased by 75 points to 92.80 cents. ICE certified cotton stocks rose by 1,760 bales, totaling 181,952 bales, while the Adjusted World Price increased by 40 points to 65.66 cents per pound, valid through Thursday.
Current cotton prices include May at 82.46 (up 188 points), July at 84.11 (down 69 points), and December at 84.65 (down 62 points).
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