Cotton futures showed significant gains on Friday, with prices rising 140 to 155 points. The U.S. dollar index fell by $0.139 to $97.805, while crude oil prices increased by $1.03, reaching $95.84 by midday.
According to the USDA’s Export Sales report, cotton sale commitments reached 10.82 million running bales (RB), marking a 1% decline from the same period last year, and representing 96% of the USDA’s estimated full-year cotton exports. Actual shipments totaled 7.72 million RB, accounting for 69% of the USDA forecast. The Cotlook A Index dropped 75 points to 93.80 cents, and ICE certified cotton stocks remained stable at 182,132 bales. The Adjusted World Price rose 393 points to 69.59 cents per pound.
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