Cotton Futures Experience Positive Close Amidst Supporting Market Factors

Cotton futures ended Wednesday with gains of 20 to 27 points, aided by favorable outside influences. The US dollar index fell by 150 points, while crude oil prices rose by $2.99 per barrel, surpassing the $80 mark.

On January 14, The Seam reported 5,283 bales of online sales at an average price of 60.86 cents per pound. Additionally, ICE cotton stocks showed a reduction of 19,895 bales due to decertification, bringing certified stocks down to just 218 bales. The Cotlook A Index increased by 55 points on January 14, reaching 78.00 cents per pound. However, the USDA Adjusted World Price (AWP) decreased, dropping 37 points to 54.66 cents per pound last Thursday.

March 25 Cotton closed at 67.77, up 27 points.

May 25 Cotton closed at 68.92, up 22 points.

July 25 Cotton closed at 69.92, up 20 points.

As of the publication date,

Austin Schroeder

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