Cotton Futures Dip, Commodity Markets React

Cotton futures experienced a minor decline on November fourteenth, with prices dropping by twenty-eight to forty points. This was accompanied by a rise in crude oil futures and a decrease in the US dollar index. The delayed export sales data revealed that one hundred fifty-five thousand, four hundred fourteen running bales of cotton were sold in the week ending September twenty-fifth. Coffee and New York cocoa prices also saw a drop, likely due to anticipated lower US tariffs. An online auction by The Seam sold two thousand, three hundred ten bales of cotton at an average price of sixty point six two cents per pound. The Cotlook A Index was down forty points, settling at seventy-five point four zero cents. The Adjusted World Price for cotton was released at fifty-one point eight three cents per pound, a significant figure for global cotton value.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.