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Cotton prices are trading between 69 to 333 points higher on Monday, following a decline of 18 to 266 points on Friday. Today marks First Notice Day (FND) for deliveries against July contract futures. As of July 24, cotton closed at 68.19, down 266 points, and is currently up 333 points.
Export Sales data showed an increase in old crop cotton bookings at 189,016 RB for the week ending June 13, with notable purchases from China (82,200 RB) and Vietnam (38,600 RB). New crop sales decreased to 111,799 RB, led by Guatemala at 24,600 RB and Turkey at 15,400 RB. Export shipments reached a four-week high of 197,905 RB.
ICE certified cotton stocks rose by 469 bales on June 20 to a total of 136,656 bales. The USDA Average World Price (AWP) fell to 56.65 cents per pound on Thursday, while the Cotlook A Index remained steady at 82.70 cents/lb.
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