Cotton Prices Surge Ahead of Christmas

Cotton prices surge ahead of Christmas, with futures jumping 23-35 points, leading to a 36-point increase in March and 36 more in May. Despite lagging demand, export sales show a 14% decrease from last year, and buyers snapped up 24,874 bales at an average of 59.80 cents per pound. Certified stocks dipped, and the Adjusted World Price fell 40 points. As the holiday break approaches, growers hope for post-Christmas momentum to maintain the upward trend.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.