Vibes
Cotton Slipping Back on Thursday Morning
xCruzo Brief
Cotton Slipping Back on Thursday Morning: Cotton futures were down by 11 to 21 points in early Thursday trading after a late-session rally on Wednesday that lifted front-month contracts by 104 to 106 points. Crude oil fell $1.41 per barrel to $68.09, while the U.S. dollar index rose $0.243 to 101.200. The market is set to observe the July 4 Independence Day holiday on Friday, creating a three-day weekend; normal trading is expected to resume on Sunday night. The Cotlook A Index was unchanged on Tuesday at 85.30 cents, and ICE-certified cotton stocks were steady at 185,034 bales as of June 30. Adjusted World Price rose 151 points last week to 63.88 cents per pound, and is due for an update Thursday. July 26 cotton closed at 73.28.
xCruzo quick-read summary • Source: NASDAQ Stock Market • Read the full article for complete information.
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