Cotton futures are experiencing gains of 100 to 112 points across most contracts, with the nearby July contract down by 71 points, priced at 72.57 cents per pound. In related markets, crude oil has fallen by 57 cents, while the US dollar index has increased by $0.104, reaching 100.725.
As of July 3, the Cotlook A Index decreased by 75 points to 85.80 cents, and ICE certified cotton stocks remained unchanged at 185,034 bales. The Adjusted World Price also saw a decline, down 194 points to 61.94 cents per pound.
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