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Cotton futures increased by 1 to 11 points in midday trade on a Monday, with specific figures showing December Cotton at 62.5 (up 1 point), March 26 Cotton at 64.24 (up 11 points), and May 26 Cotton at 65.41 (up 6 points). In contrast, crude oil futures decreased by 2 cents per barrel to $60.07, while the US dollar index rose by $0.221 to $99.420.
On November 14, The Seam’s online auction reported the sale of 416 bales at an average price of 63.51 cents per pound. The Cotlook A Index fell by 25 points to 74.70 cents, and ICE certified cotton stocks remained unchanged at 19,244 bales. The Adjusted World Price was noted at 51.83 cents per pound, valid through the upcoming Thursday.
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