Cotton Pulls Back on Wednesday

Group 1 - Cotton futures experienced a decline on Wednesday, with contracts falling between 37 to 53 points across the nearby months [1] - The US dollar index increased by $0.392, reaching $96.640, while crude oil futures decreased by $0.59 [1] - The Federal Reserve cut interest rates by 25 basis points as anticipated [1] Group 2 - The Seam reported the sale of 909 bales of cotton on Tuesday at an average price of 63.60 cents per pound [2] - The Cotlook A Index remained unchanged at 78.10 cents as of September 16 [2] - ICE cotton stocks were steady on September 16, with certified stocks at 15,474 bales [2] - The USDA's Adjusted World Price (AWP) decreased by 21 points last week, now at 54.10 cents per pound, valid through Thursday [2] Group 3 - Cotton futures for October 25 closed at 65.86 cents, down 53 points; December 25 closed at 67.25 cents, down 43 points; and March 26 closed at 69.2 cents, down 37 points [3]