Cotton Futures Dip, Crude Oil Falls, US Dollar Drops

Cotton futures experienced a minor dip on Thursday, with crude oil and US dollar also seeing declines. Export sales data showed lower bookings and shipments compared to last year. Despite a significant increase from last year, September exports dropped from August. An online auction reported sales at sixty-point-five-two cents per pound, while the Cotlook A Index rose twenty-five points. The Adjusted World Price for cotton decreased by eighty-nine points, reflecting the volatile nature of the global cotton market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.