Cotton Futures Close Higher, Reflecting Market Trends

Cotton futures closed higher on November eleventh, with the December twenty-fifth contract leading the way, up sixty-nine points to sixty-four point three-one cents. Other contracts, such as March twenty-sixth and May twenty-sixth, also saw gains, indicating a bullish trend. The Seams online auction reported the sale of three hundred twenty-nine bales at an average price of sixty point six-nine cents per pound, providing insight into the physical market. The Cotlook A Index dipped slightly, while certified cotton stocks remained steady. Crude oil futures and the US dollar index also moved higher, potentially influencing cotton prices. However, the Adjusted World Price for cotton remains uncertain due to the government shutdown.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.